Nomura Asset Management Co. Ltd. Has $1.63 Million Stake in Nasdaq Inc (NDAQ)
Nomura Asset Management Co. Ltd. grew its position in Nasdaq Inc (NASDAQ:NDAQ) by 7.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,932 shares of the financial services provider’s stock after acquiring an additional 1,444 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Nasdaq were worth $1,626,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in NDAQ. Capital Investment Advisory Services LLC bought a new stake in shares of Nasdaq during the 4th quarter worth about $43,000. Doyle Wealth Management bought a new stake in shares of Nasdaq during the 4th quarter worth about $51,000. Meeder Asset Management Inc. bought a new stake in shares of Nasdaq during the 4th quarter worth about $77,000. Federated Investors Inc. PA bought a new stake in shares of Nasdaq during the 3rd quarter worth about $106,000. Finally, Enlightenment Research LLC bought a new stake in shares of Nasdaq during the 4th quarter worth about $106,000. 76.23% of the stock is owned by institutional investors.
Several analysts recently commented on NDAQ shares. Atlantic Securities started coverage on shares of Nasdaq in a report on Wednesday, November 28th. They set an “overweight” rating and a $105.00 target price for the company. Citigroup lifted their target price on shares of Nasdaq from $88.00 to $95.00 and gave the stock a “neutral” rating in a report on Monday, December 3rd. BidaskClub raised shares of Nasdaq from a “buy” rating to a “strong-buy” rating in a report on Friday, December 7th. Zacks Investment Research raised shares of Nasdaq from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a report on Monday, December 31st. Finally, ValuEngine downgraded shares of Nasdaq from a “buy” rating to a “hold” rating in a report on Monday, January 7th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. Nasdaq has a consensus rating of “Hold” and a consensus target price of $96.00.
Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, January 30th. The financial services provider reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.02. Nasdaq had a net margin of 10.71% and a return on equity of 14.53%. The business had revenue of $645.00 million during the quarter, compared to analysts’ expectations of $642.95 million. During the same quarter in the previous year, the company earned $1.05 EPS. The business’s revenue was up 2.4% on a year-over-year basis. As a group, equities research analysts expect that Nasdaq Inc will post 5.11 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.11%. The ex-dividend date is Thursday, March 14th. Nasdaq’s dividend payout ratio (DPR) is 36.36%.
In other news, insider Bradley J. Peterson sold 6,159 shares of the business’s stock in a transaction that occurred on Wednesday, January 30th. The shares were sold at an average price of $85.48, for a total value of $526,471.32. Following the completion of the transaction, the insider now directly owns 39,482 shares in the company, valued at approximately $3,374,921.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Pc Nelson Griggs sold 1,339 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $90.24, for a total transaction of $120,831.36. The disclosure for this sale can be found here. Insiders sold a total of 13,339 shares of company stock valued at $1,114,349 in the last quarter. Corporate insiders own 0.40% of the company’s stock.
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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