Macquarie Group Ltd. Trims Holdings in Nasdaq, Inc. (NDAQ)
Macquarie Group Ltd. reduced its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 0.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 113,920 shares of the financial services provider’s stock after selling 100 shares during the quarter. Macquarie Group Ltd. owned about 0.07% of Nasdaq worth $8,144,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisor Partners LLC purchased a new position in Nasdaq during the 2nd quarter worth $214,000. Nikko Asset Management Americas Inc. increased its holdings in Nasdaq by 1,325.8% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 126,900 shares of the financial services provider’s stock worth $9,072,000 after purchasing an additional 118,000 shares during the period. Commerce Bank increased its holdings in Nasdaq by 1.9% during the 2nd quarter. Commerce Bank now owns 283,835 shares of the financial services provider’s stock worth $20,292,000 after purchasing an additional 5,401 shares during the period. Summit Securities Group LLC purchased a new position in Nasdaq during the 2nd quarter worth $645,000. Finally, GAM Holding AG increased its holdings in Nasdaq by 0.7% during the 2nd quarter. GAM Holding AG now owns 28,766 shares of the financial services provider’s stock worth $2,056,000 after purchasing an additional 200 shares during the period. Institutional investors own 74.44% of the company’s stock.
Nasdaq, Inc. (NASDAQ:NDAQ) opened at 74.11 on Tuesday. Nasdaq, Inc. has a one year low of $63.30 and a one year high of $78.31. The stock has a 50 day moving average price of $75.64 and a 200-day moving average price of $72.02. The stock has a market capitalization of $12.36 billion, a P/E ratio of 56.31 and a beta of 0.77.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.06. The firm had revenue of $602.00 million during the quarter, compared to the consensus estimate of $596.55 million. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 earnings per share. Analysts anticipate that Nasdaq, Inc. will post $4.17 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a $0.38 dividend. The ex-dividend date was Thursday, September 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.05%. Nasdaq’s payout ratio is currently 118.75%.
Several research analysts have commented on the company. BidaskClub downgraded Nasdaq from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Citigroup Inc. assumed coverage on Nasdaq in a report on Wednesday, July 12th. They set a “neutral” rating and a $72.00 price objective on the stock. Bank of America Corporation downgraded Nasdaq from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $77.00 to $75.00 in a report on Monday, October 9th. Finally, Royal Bank Of Canada set a $78.00 price objective on Nasdaq and gave the stock a “hold” rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $76.50.
In related news, insider Ann M. Dennison sold 1,170 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $76.32, for a total value of $89,294.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Edward S. Knight sold 14,629 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $76.74, for a total transaction of $1,122,629.46. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,844 shares of company stock valued at $2,788,100. 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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