Cboe Global Markets (NASDAQ:CBOE) Downgraded by StockNews.com to Sell

StockNews.com cut shares of Cboe Global Markets (NASDAQ:CBOE) from a hold rating to a sell rating in a research note released on Thursday morning.

Separately, Barclays lowered Cboe Global Markets from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $230.00 to $220.00 in a research note on Monday, December 9th.

Cboe Global Markets Trading Down 1.1 %

Cboe Global Markets stock opened at $191.61 on Thursday. Cboe Global Markets has a 52 week low of $166.13 and a 52 week high of $221.66. The stock has a market capitalization of $20.06 billion, a PE ratio of 26.10, a price-to-earnings-growth ratio of 1.71 and a beta of 0.66. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.63 per share. The ex-dividend date was Friday, November 29th. This represents a $2.52 annualized dividend and a dividend yield of 1.32%. Cboe Global Markets’s dividend payout ratio is currently 34.33%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CBOE. TD Private Client Wealth LLC raised its position in shares of Cboe Global Markets by 149.0% in the third quarter. TD Private Client Wealth LLC now owns 371 shares of the company’s stock valued at $76,000 after purchasing an additional 222 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Cboe Global Markets in the third quarter valued at about $158,000. Coastwise Capital Group LLC acquired a new stake in shares of Cboe Global Markets during the 3rd quarter worth approximately $216,000. Rehmann Capital Advisory Group increased its stake in shares of Cboe Global Markets by 5.3% in the 3rd quarter. Rehmann Capital Advisory Group now owns 1,253 shares of the company’s stock valued at $257,000 after purchasing an additional 63 shares during the last quarter. Finally, Coldstream Capital Management Inc. lifted its holdings in shares of Cboe Global Markets by 5.3% in the third quarter. Coldstream Capital Management Inc. now owns 1,318 shares of the company’s stock worth $269,000 after acquiring an additional 66 shares during the last quarter. 82.67% of the stock is currently owned by 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.