TD Waterhouse Canada Inc. Boosts Holdings in Nasdaq, Inc. $NDAQ

TD Waterhouse Canada Inc. boosted its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 87.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 115,238 shares of the financial services provider’s stock after purchasing an additional 53,705 shares during the period. TD Waterhouse Canada Inc.’s holdings in Nasdaq were worth $10,245,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Kestra Private Wealth Services LLC grew its holdings in Nasdaq by 57.4% during the first quarter. Kestra Private Wealth Services LLC now owns 7,333 shares of the financial services provider’s stock worth $556,000 after acquiring an additional 2,673 shares during the period. Crestwood Advisors Group LLC grew its stake in shares of Nasdaq by 19.7% during the 1st quarter. Crestwood Advisors Group LLC now owns 4,576 shares of the financial services provider’s stock worth $347,000 after purchasing an additional 754 shares during the period. HighPoint Advisor Group LLC increased its holdings in shares of Nasdaq by 25.4% during the 1st quarter. HighPoint Advisor Group LLC now owns 4,572 shares of the financial services provider’s stock valued at $347,000 after purchasing an additional 927 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Nasdaq during the 1st quarter valued at approximately $1,226,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Nasdaq by 2.8% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 648,043 shares of the financial services provider’s stock worth $49,161,000 after buying an additional 17,473 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. The Goldman Sachs Group reiterated a “buy” rating on shares of Nasdaq in a research report on Friday, July 25th. Raymond James Financial restated an “outperform” rating and issued a $100.00 price target (up previously from $99.00) on shares of Nasdaq in a research note on Monday, October 13th. Barclays set a $109.00 price target on Nasdaq and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft boosted their price objective on Nasdaq from $97.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $108.00 target price on shares of Nasdaq in a research note on Thursday, October 9th. Fourteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Nasdaq currently has an average rating of “Moderate Buy” and a consensus target price of $99.67.

Nasdaq Price Performance

NASDAQ:NDAQ opened at $86.02 on Thursday. The stock has a 50 day moving average of $88.44 and a two-hundred day moving average of $88.85. Nasdaq, Inc. has a 12 month low of $64.84 and a 12 month high of $97.63. The firm has a market cap of $49.12 billion, a P/E ratio of 30.72, a price-to-earnings-growth ratio of 1.79 and a beta of 0.98. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.72.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. Nasdaq had a return on equity of 16.28% and a net margin of 19.90%.The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the company posted $0.74 earnings per share. The business’s revenue was up 14.7% on a year-over-year basis. On average, analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.3%. Nasdaq’s dividend payout ratio is presently 38.57%.

Insider Activity at Nasdaq

In other news, EVP Jeremy Skule sold 2,105 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $85.40, for a total value of $179,767.00. Following the transaction, the executive vice president directly owned 84,974 shares of the company’s stock, valued at approximately $7,256,779.60. This trade represents a 2.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.70% of the stock is owned by company insiders.

About Nasdaq

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.