Cboe Global Markets (NASDAQ:CBOE) Stock Rating Lowered by The Goldman Sachs Group

Cboe Global Markets (NASDAQ:CBOE) was downgraded by equities research analysts at The Goldman Sachs Group from a “neutral” rating to a “sell” rating in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. They currently have a $184.00 price objective on the stock. The Goldman Sachs Group’s price objective would indicate a potential downside of 3.58% from the stock’s current price.

A number of other equities research analysts have also commented on the company. StockNews.com upgraded Cboe Global Markets from a “sell” rating to a “hold” rating in a research report on Friday, December 27th. Keefe, Bruyette & Woods raised their target price on 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, Barclays downgraded shares of Cboe Global Markets from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $230.00 to $220.00 in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $199.50.

Cboe Global Markets Price Performance

Shares of CBOE stock opened at $190.84 on Monday. The stock has a market cap of $19.98 billion, a P/E ratio of 26.00, a PEG ratio of 1.71 and a beta of 0.68. Cboe Global Markets has a 12-month low of $166.13 and a 12-month high of $221.66. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.34.

Institutional Investors Weigh In On Cboe Global Markets

Several large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position 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 in the last quarter. Principal Financial Group Inc. lifted its holdings in Cboe Global Markets by 2.0% during the third quarter. Principal Financial Group Inc. now owns 157,158 shares of the company’s stock worth $32,197,000 after acquiring an additional 3,155 shares in the last quarter. Tri Ri Asset Management Corp acquired a new position in Cboe Global Markets in the third quarter valued at about $5,499,000. Oddo BHF Asset Management Sas acquired a new stake in shares of Cboe Global Markets during the third quarter worth about $7,647,000. Finally, Nordea Investment Management AB raised its holdings 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. Institutional investors own 82.67% of the company’s stock.

About Cboe Global Markets

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.