Invictus RG Invests $111,000 in Nasdaq, Inc. (NDAQ) Stock
Invictus RG acquired a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,427 shares of the financial services provider’s stock, valued at approximately $111,000.
Other hedge funds have also recently made changes to their positions in the company. YorkBridge Wealth Partners LLC grew its position in Nasdaq by 13.9% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 178 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Nasdaq by 8.6% during the 2nd quarter. Pacer Advisors Inc. now owns 2,568 shares of the financial services provider’s stock valued at $184,000 after acquiring an additional 203 shares during the last quarter. Conning Inc. purchased a new stake in shares of Nasdaq during the 3rd quarter valued at about $200,000. MML Investors Services LLC purchased a new stake in shares of Nasdaq during the 2nd quarter valued at about $201,000. Finally, Beaton Management Co. Inc. purchased a new stake in shares of Nasdaq during the 3rd quarter valued at about $202,000. 76.06% of the stock is currently owned by institutional investors.
In other news, EVP Pc Nelson Griggs sold 2,064 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $76.58, for a total value of $158,061.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.60% of the stock is owned by corporate insiders.
Nasdaq, Inc. (NASDAQ:NDAQ) opened at $78.78 on Friday. Nasdaq, Inc. has a one year low of $65.98 and a one year high of $80.00. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.63. The firm has a market cap of $13,140.00, a P/E ratio of 18.96, a PEG ratio of 2.19 and a beta of 0.78.
Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.04. Nasdaq had a net margin of 6.72% and a return on equity of 12.69%. The firm had revenue of $607.00 million for the quarter, compared to analysts’ expectations of $599.84 million. During the same quarter in the prior year, the business earned $0.91 EPS. The business’s quarterly revenue was up 3.8% on a year-over-year basis. research analysts expect that Nasdaq, Inc. will post 4.18 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Thursday, December 14th. Nasdaq’s dividend payout ratio (DPR) is presently 100.66%.
NDAQ has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods set a $76.00 price target on shares of Nasdaq and gave the company a “hold” rating in a report on Thursday, August 17th. Bank of America downgraded shares of Nasdaq from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $77.00 to $75.00 in a report on Monday, October 9th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $76.00 price target on shares of Nasdaq in a report on Monday, September 11th. Barclays initiated coverage on shares of Nasdaq in a report on Friday, September 8th. They set an “overweight” rating and a $85.00 price target on the stock. Finally, Zacks Investment Research downgraded shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. Nasdaq has a consensus rating of “Hold” and a consensus target price of $78.22.
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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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