Keefe, Bruyette & Woods Has Lowered Expectations for Cboe Global Markets (NASDAQ:CBOE) Stock Price

Cboe Global Markets (NASDAQ:CBOE) had its price target decreased by investment analysts at Keefe, Bruyette & Woods from $220.00 to $215.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 11.67% from the stock’s previous close.

A number of other brokerages have also recently commented on CBOE. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $174.00 price target (down previously from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th. William Blair started coverage on Cboe Global Markets in a report on Thursday. They set a “market perform” rating for the company. The Goldman Sachs Group downgraded shares of Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price target on the stock. in a report on Monday, January 6th. Jefferies Financial Group decreased their price objective on shares of Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating for the company in a research note on Thursday. Finally, Oppenheimer cut their price objective on shares of Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating on the stock in a research note on Monday. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $198.83.

Cboe Global Markets Stock Up 0.8 %

Shares of CBOE traded up $1.60 during mid-day trading on Monday, hitting $192.54. 182,993 shares of the company traded hands, compared to its average volume of 623,699. The company has a market capitalization of $20.16 billion, a P/E ratio of 26.23, 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. The firm’s 50 day simple moving average is $201.78. Cboe Global Markets has a 1-year low of $166.13 and a 1-year high of $221.66.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CBOE. Brookstone Capital Management acquired a new stake in Cboe Global Markets in the 4th quarter valued at $396,000. Aprio Wealth Management LLC purchased a new position in Cboe Global Markets during the fourth quarter valued at $230,000. Czech National Bank lifted its holdings in Cboe Global Markets by 6.5% during the fourth quarter. Czech National Bank now owns 22,698 shares of the company’s stock valued at $4,435,000 after purchasing an additional 1,383 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Cboe Global Markets by 5.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 3,134 shares of the company’s stock valued at $612,000 after purchasing an additional 170 shares during the period. Finally, Fortem Financial Group LLC increased its stake in shares of Cboe Global Markets by 1.6% during the fourth quarter. Fortem Financial Group LLC now owns 6,119 shares of the company’s stock worth $1,196,000 after purchasing an additional 99 shares in the last quarter. 82.67% of the stock is owned by institutional investors and hedge funds.

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.