The Goldman Sachs Group downgraded shares of Cboe Global Markets (NASDAQ:CBOE – Free Report) from a neutral rating to a sell rating in a research report report published on Monday morning, MarketBeat.com reports. The brokerage currently has $184.00 price target on the stock.
Several other research firms also recently commented on CBOE. Barclays downgraded shares of Cboe Global Markets from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $230.00 to $220.00 in a research report on Monday, December 9th. Keefe, Bruyette & Woods lifted their price objective on shares of Cboe Global Markets from $217.00 to $220.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Finally, StockNews.com upgraded Cboe Global Markets from a “sell” rating to a “hold” rating in a report on Friday, December 27th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $199.50.
Read Our Latest Report on CBOE
Cboe Global Markets Price Performance
Cboe Global Markets Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $0.63 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.52 annualized dividend and a yield of 1.31%. Cboe Global Markets’s dividend payout ratio (DPR) is currently 34.33%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Janus Henderson Group PLC grew its holdings in shares of Cboe Global Markets by 0.3% in the 3rd quarter. Janus Henderson Group PLC now owns 1,528,295 shares of the company’s stock worth $313,090,000 after purchasing an additional 5,216 shares during the last quarter. Nordea Investment Management AB raised its position in Cboe Global Markets by 16.7% in the 4th quarter. Nordea Investment Management AB now owns 646,670 shares of the company’s stock valued at $126,262,000 after purchasing an additional 92,537 shares during the last quarter. Barclays PLC boosted its stake in Cboe Global Markets by 27.9% in 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 in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Cboe Global Markets by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 471,581 shares of the company’s stock worth $96,613,000 after purchasing an additional 24,177 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Cboe Global Markets by 2.0% in the third quarter. Principal Financial Group Inc. now owns 157,158 shares of the company’s stock valued at $32,197,000 after buying an additional 3,155 shares in the last quarter. Institutional investors and hedge funds own 82.67% of the company’s stock.
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.
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