Nasdaq Inc (NDAQ) Position Boosted by CWM Advisors LLC
CWM Advisors LLC lifted its holdings in Nasdaq Inc (NASDAQ:NDAQ) by 7.6% in the 4th quarter, HoldingsChannel reports. The firm owned 6,310 shares of the financial services provider’s stock after purchasing an additional 447 shares during the quarter. CWM Advisors LLC’s holdings in Nasdaq were worth $515,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Nordea Investment Management AB boosted its holdings in shares of Nasdaq by 3.4% during the 4th quarter. Nordea Investment Management AB now owns 203,838 shares of the financial services provider’s stock worth $16,631,000 after purchasing an additional 6,740 shares during the last quarter. APG Asset Management N.V. boosted its holdings in shares of Nasdaq by 11.2% during the 4th quarter. APG Asset Management N.V. now owns 164,300 shares of the financial services provider’s stock worth $11,724,000 after purchasing an additional 16,600 shares during the last quarter. PFG Advisors acquired a new position in shares of Nasdaq during the 4th quarter worth approximately $381,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Nasdaq by 2.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 45,633 shares of the financial services provider’s stock worth $3,722,000 after purchasing an additional 1,025 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Nasdaq by 277.6% during the 4th quarter. Millennium Management LLC now owns 318,740 shares of the financial services provider’s stock worth $26,000,000 after purchasing an additional 234,328 shares during the last quarter. Hedge funds and other institutional investors own 76.13% of the company’s stock.
In other news, EVP Pc Nelson Griggs sold 1,339 shares of the company’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $90.24, for a total transaction of $120,831.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Bradley J. Peterson sold 6,159 shares of the company’s stock in a transaction on Wednesday, January 30th. The stock was sold at an average price of $85.48, for a total value of $526,471.32. Following the sale, the insider now directly owns 39,482 shares in the company, valued at approximately $3,374,921.36. The disclosure for this sale can be found here. Insiders have sold 13,339 shares of company stock worth $1,114,349 in the last ninety days. Corporate insiders own 0.50% of the company’s stock.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, January 30th. The financial services provider reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.02. Nasdaq had a return on equity of 14.53% and a net margin of 10.71%. The business had revenue of $645.00 million for the quarter, compared to analyst estimates of $642.95 million. During the same quarter in the prior year, the company earned $1.05 earnings per share. The company’s revenue was up 2.4% on a year-over-year basis. Analysts predict that Nasdaq Inc will post 5.12 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Thursday, March 14th. Nasdaq’s dividend payout ratio is currently 36.36%.
Several research analysts have recently weighed in on NDAQ shares. BidaskClub upgraded Nasdaq from a “buy” rating to a “strong-buy” rating in a report on Friday, January 25th. Zacks Investment Research cut Nasdaq from a “hold” rating to a “sell” rating in a report on Friday, January 11th. ValuEngine cut Nasdaq from a “buy” rating to a “hold” rating in a report on Monday, January 7th. Citigroup lifted their price target on shares of Nasdaq from $88.00 to $95.00 and gave the company a “neutral” rating in a research report on Monday, December 3rd. Finally, Atlantic Securities started coverage on shares of Nasdaq in a research report on Wednesday, November 28th. They set an “overweight” rating and a $105.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. Nasdaq has a consensus rating of “Hold” and a consensus price target of $96.00.
Nasdaq Company Profile
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.
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