Cboe Global Markets (NASDAQ:CBOE) Earns “Underweight” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their underweight rating on shares of Cboe Global Markets (NASDAQ:CBOE) in a research report released on Tuesday, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has a $174.00 target price on the stock, down from their prior target price of $203.00.

Several other equities research analysts have also recently issued reports on the company. Keefe, Bruyette & Woods raised their target price on Cboe Global Markets from $217.00 to $220.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Barclays downgraded Cboe Global Markets from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $230.00 to $220.00 in a research report on Monday, December 9th. StockNews.com raised shares of Cboe Global Markets from a “sell” rating to a “hold” rating in a research report on Friday, December 27th. Finally, The Goldman Sachs Group cut shares of Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price target for the company. in a research report on Monday. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $199.50.

Cboe Global Markets Price Performance

Cboe Global Markets stock opened at $190.84 on Tuesday. The company has a market capitalization of $19.98 billion, a PE ratio of 26.00, a PEG ratio of 1.71 and a beta of 0.68. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 1.39. Cboe Global Markets has a 1-year low of $166.13 and a 1-year high of $221.66.

Cboe Global Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $0.63 dividend. The ex-dividend date was Friday, November 29th. This represents a $2.52 annualized dividend and a dividend yield of 1.32%. Cboe Global Markets’s dividend payout ratio is presently 34.33%.

Hedge Funds Weigh In On Cboe Global Markets

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC increased its stake in Cboe Global Markets by 27.9% during the third quarter. Barclays PLC now owns 535,284 shares of the company’s stock worth $109,662,000 after purchasing an additional 116,852 shares during the period. Nordea Investment Management AB increased its stake in Cboe Global Markets by 16.7% during the 4th quarter. Nordea Investment Management AB now owns 646,670 shares of the company’s stock worth $126,262,000 after buying an additional 92,537 shares during the period. Harmony Asset Management LLC acquired a new stake in Cboe Global Markets during the 3rd quarter worth approximately $15,175,000. World Investment Advisors LLC acquired a new stake in Cboe Global Markets during the 3rd quarter worth approximately $14,430,000. Finally, Erste Asset Management GmbH purchased a new position in Cboe Global Markets in the 3rd quarter valued at approximately $11,191,000. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.