Schroder Investment Management Group Sells 1,623 Shares of Nasdaq Inc (NDAQ)
Schroder Investment Management Group decreased its stake in Nasdaq Inc (NASDAQ:NDAQ) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 122,124 shares of the financial services provider’s stock after selling 1,623 shares during the period. Schroder Investment Management Group’s holdings in Nasdaq were worth $10,479,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the company. Trexquant Investment LP bought a new stake in shares of Nasdaq during the 3rd quarter valued at about $1,023,000. Ontario Teachers Pension Plan Board lifted its holdings in shares of Nasdaq by 33.4% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 67,602 shares of the financial services provider’s stock worth $5,800,000 after acquiring an additional 16,924 shares during the last quarter. CIBC World Markets Inc. lifted its holdings in shares of Nasdaq by 21.3% in the 3rd quarter. CIBC World Markets Inc. now owns 53,444 shares of the financial services provider’s stock worth $4,585,000 after acquiring an additional 9,397 shares during the last quarter. FMR LLC lifted its holdings in shares of Nasdaq by 0.5% in the 3rd quarter. FMR LLC now owns 1,659,626 shares of the financial services provider’s stock worth $142,396,000 after acquiring an additional 7,987 shares during the last quarter. Finally, American International Group Inc. lifted its holdings in shares of Nasdaq by 4.3% in the 3rd quarter. American International Group Inc. now owns 47,642 shares of the financial services provider’s stock worth $4,088,000 after acquiring an additional 1,943 shares during the last quarter. 75.53% of the stock is owned by institutional investors.
In other Nasdaq news, Director Lars Wedenborn sold 2,500 shares of the stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $89.94, for a total value of $224,850.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Ann M. Dennison sold 1,553 shares of the stock in a transaction that occurred on Monday, October 29th. The shares were sold at an average price of $83.67, for a total transaction of $129,939.51. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.
Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, October 24th. The financial services provider reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.01. Nasdaq had a net margin of 17.95% and a return on equity of 13.69%. The firm had revenue of $600.00 million for the quarter, compared to the consensus estimate of $605.67 million. During the same period in the prior year, the firm earned $1.01 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. On average, research analysts forecast that Nasdaq Inc will post 4.77 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Thursday, December 13th. Nasdaq’s dividend payout ratio is presently 43.35%.
Several equities analysts have recently commented on the stock. BidaskClub lowered shares of Nasdaq from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 16th. Citigroup cut their target price on shares of Nasdaq from $93.00 to $88.00 and set a “neutral” rating on the stock in a research note on Thursday, October 25th. Zacks Investment Research raised shares of Nasdaq from a “sell” rating to a “buy” rating and set a $101.00 target price on the stock in a research note on Tuesday, September 25th. Rosenblatt Securities assumed coverage on shares of Nasdaq in a research note on Wednesday, September 5th. They set a “neutral” rating and a $99.00 target price on the stock. Finally, Atlantic Securities assumed coverage on shares of Nasdaq in a research note on Wednesday, November 28th. They set an “overweight” rating and a $105.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. Nasdaq presently has an average rating of “Hold” and a consensus price target of $96.79.
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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