CBOE

Barclays Upgrades Cboe Global Markets (CBOE)

Fintel reports that on January 8, 2024, Barclays upgraded their outlook for Cboe Global Markets (BATS:CBOE) from Equal-Weight to Overweight .

Analyst Price Forecast Suggests 3.34% Upside

As of December 16, 2023, the average one-year price target for Cboe Global Markets is 182.29. The forecasts range from a low of 139.38 to a high of $211.05. The average price target represents an increase of 3.34% from its latest reported closing price of 176.40.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Cboe Global Markets is 1,946MM, a decrease of 48.92%. The projected annual non-GAAP EPS is 7.54.

Cboe Global Markets Declares $0.55 Dividend

On October 26, 2023 the company declared a regular quarterly dividend of $0.55 per share ($2.20 annualized). Shareholders of record as of November 30, 2023 received the payment on December 15, 2023. Previously, the company paid $0.55 per share.

At the current share price of $176.40 / share, the stock's dividend yield is 1.25%.

Looking back five years and taking a sample every week, the average dividend yield has been 1.48%, the lowest has been 1.08%, and the highest has been 2.02%. The standard deviation of yields is 0.20 (n=232).

The current dividend yield is 1.19 standard deviations below the historical average.

Additionally, the company's dividend payout ratio is 0.33. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is 0.31%, demonstrating that it has increased its dividend over time.

What is the Fund Sentiment?

There are 1361 funds or institutions reporting positions in Cboe Global Markets. This is an increase of 80 owner(s) or 6.25% in the last quarter. Average portfolio weight of all funds dedicated to CBOE is 0.31%, an increase of 12.67%. Total shares owned by institutions increased in the last three months by 1.12% to 98,596K shares. CBOE / Cboe Global Markets, Inc. Put/Call Ratios The put/call ratio of CBOE is 0.48, indicating a bullish outlook.

What are Other Shareholders Doing?

CBOE / Cboe Global Markets, Inc. Shares Held by Institutions

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,278K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 3,302K shares, representing a decrease of 0.71%. The firm increased its portfolio allocation in CBOE by 16.66% over the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 2,535K shares representing 2.40% ownership of the company. In it's prior filing, the firm reported owning 2,514K shares, representing an increase of 0.85%. The firm increased its portfolio allocation in CBOE by 16.89% over the last quarter.

Geode Capital Management holds 2,487K shares representing 2.36% ownership of the company. In it's prior filing, the firm reported owning 2,442K shares, representing an increase of 1.81%. The firm increased its portfolio allocation in CBOE by 16.88% over the last quarter.

Price T Rowe Associates holds 2,427K shares representing 2.30% ownership of the company. In it's prior filing, the firm reported owning 2,280K shares, representing an increase of 6.04%. The firm increased its portfolio allocation in CBOE by 26.69% over the last quarter.

VIMSX - Vanguard Mid-Cap Index Fund Investor Shares holds 2,389K shares representing 2.26% ownership of the company. In it's prior filing, the firm reported owning 2,447K shares, representing a decrease of 2.41%. The firm increased its portfolio allocation in CBOE by 17.00% over the last quarter.

Cboe Global Markets Background Information
(This description is provided by the company.)

Cboe Global Markets, a leading provider of market infrastructure and tradable products, delivers cutting-edge trading, clearing and investment solutions to market participants around the world. The company is committed to operating a trusted, inclusive global marketplace, providing leading products, technology and data solutions that enable participants to define a sustainable financial future. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives and FX, across North America, Europe and Asia Pacific.

Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.

Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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