2,992 Shares in Nasdaq, Inc. (NDAQ) Acquired by Advisor Partners LLC
Advisor Partners LLC acquired a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the second quarter, Holdings Channel reports. The fund acquired 2,992 shares of the financial services provider’s stock, valued at approximately $214,000.
Other large investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its stake in shares of Nasdaq by 1.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 15,395,293 shares of the financial services provider’s stock worth $1,069,202,000 after buying an additional 146,050 shares during the period. Vanguard Group Inc. boosted its stake in shares of Nasdaq by 3.8% in the first quarter. Vanguard Group Inc. now owns 11,262,495 shares of the financial services provider’s stock worth $782,180,000 after buying an additional 416,910 shares during the period. BlackRock Inc. boosted its stake in shares of Nasdaq by 3,831.1% in the first quarter. BlackRock Inc. now owns 9,546,334 shares of the financial services provider’s stock worth $662,992,000 after buying an additional 9,303,493 shares during the period. State Street Corp boosted its stake in shares of Nasdaq by 0.4% in the first quarter. State Street Corp now owns 5,296,709 shares of the financial services provider’s stock worth $367,865,000 after buying an additional 20,813 shares during the period. Finally, Clearbridge Investments LLC boosted its stake in shares of Nasdaq by 13.1% in the first quarter. Clearbridge Investments LLC now owns 3,094,734 shares of the financial services provider’s stock worth $214,929,000 after buying an additional 358,414 shares during the period. 75.59% of the stock is owned by institutional investors.
Nasdaq, Inc. (NASDAQ:NDAQ) opened at 75.50 on Friday. The company has a market capitalization of $12.59 billion, a price-to-earnings ratio of 57.37 and a beta of 0.76. Nasdaq, Inc. has a one year low of $63.30 and a one year high of $76.79. The firm has a 50-day moving average of $72.81 and a 200 day moving average of $70.29.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, topping the consensus estimate of $0.96 by $0.06. The company had revenue of $602 million during the quarter, compared to analyst estimates of $596.55 million. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. Nasdaq’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.91 earnings per share. Equities research analysts predict that Nasdaq, Inc. will post $4.18 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.01%. The ex-dividend date is Thursday, September 14th. Nasdaq’s payout ratio is 118.75%.
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NDAQ has been the subject of a number of research reports. Deutsche Bank AG reaffirmed a “buy” rating and issued a $77.00 price objective (down previously from $79.00) on shares of Nasdaq in a research note on Monday, May 15th. BidaskClub cut shares of Nasdaq from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Citigroup Inc. initiated coverage on shares of Nasdaq in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $72.00 price objective for the company. Royal Bank Of Canada upped their price objective on shares of Nasdaq from $70.00 to $74.00 and gave the company a “sector perform” rating in a research note on Thursday, April 27th. Finally, Zacks Investment Research cut shares of Nasdaq from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $75.22.
In other Nasdaq news, insider Edward S. Knight sold 15,000 shares of Nasdaq stock in a transaction on Friday, July 28th. The shares were sold at an average price of $74.39, for a total transaction of $1,115,850.00. Following the completion of the transaction, the insider now directly owns 78,063 shares of the company’s stock, valued at $5,807,106.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is owned by insiders.
Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.
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