Nasdaq, Inc. (NDAQ) Shares Bought by Rothschild Asset Management Inc.
Rothschild Asset Management Inc. raised its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 7.8% during the second quarter, Holdings Channel reports. The firm owned 10,182 shares of the financial services provider’s stock after buying an additional 740 shares during the period. Rothschild Asset Management Inc.’s holdings in Nasdaq were worth $728,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the stock. Massachusetts Financial Services Co. MA increased 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. increased its stake in 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 last quarter. BlackRock Inc. increased its stake in 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 last quarter. State Street Corp increased its stake in 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 last quarter. Finally, Clearbridge Investments LLC increased its stake in 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 last quarter. Hedge funds and other institutional investors own 75.59% of the company’s stock.
Nasdaq, Inc. (NASDAQ:NDAQ) opened at 75.92 on Friday. Nasdaq, Inc. has a 52 week low of $63.30 and a 52 week high of $76.79. The firm has a 50-day moving average price of $72.64 and a 200-day moving average price of $70.24. The stock has a market capitalization of $12.66 billion, a PE ratio of 57.69 and a beta of 0.76.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.06. The business had revenue of $602 million during the quarter, compared to analyst estimates of $596.55 million. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the company earned $0.91 EPS. Equities research analysts predict that Nasdaq, Inc. will post $4.18 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Thursday, September 14th. Nasdaq’s payout ratio is 118.75%.
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A number of analysts recently weighed in on NDAQ shares. Deutsche Bank AG dropped their target price on Nasdaq from $80.00 to $79.00 and set a “buy” rating for the company in a research report on Friday, April 28th. UBS Group AG restated a “buy” rating and issued a $81.00 target price (down previously from $85.00) on shares of Nasdaq in a research report on Friday, April 28th. BidaskClub upgraded Nasdaq from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. Royal Bank Of Canada set a $70.00 target price on Nasdaq and gave the stock a “hold” rating in a research report on Friday, April 21st. Finally, Jefferies Group LLC restated a “hold” rating and issued a $71.00 target price (up previously from $68.00) on shares of Nasdaq in a research report on Monday, July 17th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $75.22.
In other news, insider Edward S. Knight sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $74.39, for a total value of $1,115,850.00. Following the completion of the sale, the insider now directly owns 78,063 shares of the company’s stock, valued at approximately $5,807,106.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by company 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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