Manning & Napier Advisors LLC Reduces Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Manning & Napier Advisors LLC cut its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,902 shares of the company’s stock after selling 1,696 shares during the period. Manning & Napier Advisors LLC’s holdings in Cboe Global Markets were worth $4,670,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Swedbank AB grew its position in shares of Cboe Global Markets by 34.9% during the fourth quarter. Swedbank AB now owns 127,333 shares of the company’s stock worth $24,881,000 after acquiring an additional 32,941 shares during the last quarter. Forsta AP Fonden boosted its stake in Cboe Global Markets by 5.0% during the 4th quarter. Forsta AP Fonden now owns 48,000 shares of the company’s stock worth $9,379,000 after purchasing an additional 2,300 shares during the period. Smith Group Asset Management LLC grew its position in Cboe Global Markets by 10.4% during the 4th quarter. Smith Group Asset Management LLC now owns 125,089 shares of the company’s stock worth $24,442,000 after purchasing an additional 11,786 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in Cboe Global Markets by 5.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 673,030 shares of the company’s stock worth $131,510,000 after purchasing an additional 36,710 shares during the last quarter. Finally, KBC Group NV increased its stake in Cboe Global Markets by 4.4% in the fourth quarter. KBC Group NV now owns 24,438 shares of the company’s stock valued at $4,775,000 after purchasing an additional 1,019 shares during the period. Institutional investors and hedge funds own 82.67% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CBOE. Oppenheimer decreased their target price on shares of Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. StockNews.com cut Cboe Global Markets from a “hold” rating to a “sell” rating in a research report on Friday, January 10th. William Blair assumed coverage on Cboe Global Markets in a report on Thursday, January 9th. They issued a “market perform” rating on the stock. Keefe, Bruyette & Woods decreased their price target on Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating for the company in a report on Monday, January 13th. Finally, Jefferies Financial Group dropped their price objective on shares of Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating on the stock in a research note on Thursday, January 9th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $198.83.

Cboe Global Markets Price Performance

Cboe Global Markets stock opened at $204.02 on Thursday. The company has a 50 day simple moving average of $200.54. Cboe Global Markets, Inc. has a 1-year low of $166.13 and a 1-year high of $221.66. The stock has a market capitalization of $21.36 billion, a P/E ratio of 27.80, a PEG ratio of 2.03 and a beta of 0.68. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.39.

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.