Eagle Asset Management Inc. Sells 32,535 Shares of Nasdaq Inc (NDAQ)
Eagle Asset Management Inc. reduced its position in shares of Nasdaq Inc (NASDAQ:NDAQ) by 49.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 33,751 shares of the financial services provider’s stock after selling 32,535 shares during the quarter. Eagle Asset Management Inc.’s holdings in Nasdaq were worth $3,080,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC bought a new stake in shares of Nasdaq during the 2nd quarter valued at about $122,000. Piedmont Investment Advisors LLC bought a new stake in shares of Nasdaq during the 2nd quarter valued at about $125,000. TNB Financial bought a new stake in shares of Nasdaq during the 2nd quarter valued at about $201,000. First Long Island Investors LLC bought a new stake in shares of Nasdaq during the 1st quarter valued at about $205,000. Finally, GWM Advisors LLC bought a new stake in shares of Nasdaq during the 2nd quarter valued at about $207,000. Institutional investors and hedge funds own 76.59% of the company’s stock.
NDAQ stock opened at $94.73 on Friday. Nasdaq Inc has a twelve month low of $71.65 and a twelve month high of $96.19. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market cap of $15.22 billion, a PE ratio of 23.00, a P/E/G ratio of 2.00 and a beta of 0.71.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be issued a $0.44 dividend. The ex-dividend date is Thursday, September 13th. This represents a $1.76 dividend on an annualized basis and a yield of 1.86%. Nasdaq’s dividend payout ratio is presently 43.35%.
In related news, insider Bradley J. Peterson sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $93.34, for a total value of $140,010.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.40% of the stock is currently owned by insiders.
A number of research analysts have recently weighed in on NDAQ shares. Zacks Investment Research raised Nasdaq from a “hold” rating to a “buy” rating and set a $107.00 price objective on the stock in a research report on Tuesday, June 12th. Citigroup lifted their price objective on Nasdaq from $89.00 to $95.00 and gave the company a “$95.59” rating in a research report on Wednesday, July 18th. Compass Point started coverage on Nasdaq in a research report on Friday, June 22nd. They set a “neutral” rating and a $100.00 price objective on the stock. Wells Fargo & Co reaffirmed a “buy” rating and set a $104.00 price objective on shares of Nasdaq in a research report on Friday, June 22nd. Finally, UBS Group lifted their price objective on Nasdaq from $101.00 to $107.00 and gave the company a “buy” rating in a research report on Thursday, July 26th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $93.71.
Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.
See Also: Outstanding Shares
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