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

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

A number of other institutional investors have also recently made changes to their positions in CBOE. Barclays PLC lifted its holdings in Cboe Global Markets by 27.9% in the 3rd quarter. Barclays PLC now owns 535,284 shares of the company’s stock valued at $109,662,000 after purchasing an additional 116,852 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Cboe Global Markets by 16.7% in the fourth 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 in the last quarter. Harmony Asset Management LLC purchased a new position in shares of Cboe Global Markets in the third quarter worth about $15,175,000. World Investment Advisors LLC acquired a new position in Cboe Global Markets during the third quarter worth about $14,430,000. Finally, Erste Asset Management GmbH purchased a new stake in Cboe Global Markets during the 3rd quarter valued at about $11,191,000. 82.67% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Stock Performance

Shares of Cboe Global Markets stock opened at $204.02 on Thursday. The stock’s 50-day moving average is $200.54. The firm 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. Cboe Global Markets, Inc. has a one year low of $166.13 and a one year high of $221.66. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.39.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CBOE shares. Jefferies Financial Group lowered their target price on Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating on the stock in a report on Thursday, January 9th. Oppenheimer dropped their target price on Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Keefe, Bruyette & Woods cut their target price on Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating for the company in a research note on Monday, January 13th. The Goldman Sachs Group cut 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 research report on Monday, January 6th. Finally, StockNews.com cut shares of Cboe Global Markets from a “hold” rating to a “sell” rating in a research report on Friday, January 10th. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $198.83.

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.