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

Cboe Global Markets (NASDAQ:CBOE)‘s stock had its “underweight” rating reaffirmed by analysts at JPMorgan Chase & Co. in a report released on Tuesday,Benzinga reports. They presently have a $174.00 target price on the stock, down from their previous target price of $203.00. JPMorgan Chase & Co.‘s target price would suggest a potential downside of 9.26% from the stock’s previous close.

Several other equities analysts have also weighed in on CBOE. StockNews.com upgraded shares of Cboe Global Markets from a “sell” rating to a “hold” rating in a report on Friday, December 27th. The Goldman Sachs Group cut Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price objective on the stock. in a report on Monday. 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. Finally, Barclays lowered Cboe Global Markets from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $230.00 to $220.00 in a research note on Monday, December 9th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $199.50.

Cboe Global Markets Trading Down 1.8 %

NASDAQ CBOE opened at $191.76 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market cap of $20.07 billion, a PE ratio of 26.13, a P/E/G ratio of 1.71 and a beta of 0.68. Cboe Global Markets has a 52 week low of $166.13 and a 52 week high of $221.66.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CBOE. Janus Henderson Group PLC raised 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 valued at $313,090,000 after buying an additional 5,216 shares during the period. Nordea Investment Management AB grew 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 acquiring an additional 92,537 shares in the last quarter. Barclays PLC lifted its position in shares of 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 in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Cboe Global Markets by 5.4% in the third quarter. JPMorgan Chase & Co. now owns 471,581 shares of the company’s stock valued at $96,613,000 after purchasing an additional 24,177 shares during the period. Finally, Principal Financial Group Inc. boosted 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 purchasing an additional 3,155 shares during the period. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

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.