Aperio Group LLC raised its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 3.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,401 shares of the financial services provider’s stock after acquiring an additional 2,915 shares during the period. Aperio Group LLC owned about 0.06% of Nasdaq worth $7,633,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Nasdaq by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 11,470,748 shares of the financial services provider’s stock valued at $820,043,000 after acquiring an additional 208,253 shares in the last quarter. Bessemer Group Inc. lifted its stake in Nasdaq by 43.5% during the 2nd quarter. Bessemer Group Inc. now owns 2,332,475 shares of the financial services provider’s stock valued at $166,749,000 after acquiring an additional 707,537 shares in the last quarter. BT Investment Management Ltd bought a new position in Nasdaq during the 2nd quarter valued at $97,982,000. TimesSquare Capital Management LLC lifted its stake in Nasdaq by 21.9% during the 2nd quarter. TimesSquare Capital Management LLC now owns 1,203,500 shares of the financial services provider’s stock valued at $86,038,000 after acquiring an additional 216,100 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. lifted its stake in Nasdaq by 26,658.6% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 1,178,181 shares of the financial services provider’s stock valued at $84,227,000 after acquiring an additional 1,173,778 shares in the last quarter. Institutional investors and hedge funds own 76.09% of the company’s stock.
In related news, insider Ann M. Dennison sold 1,170 shares of Nasdaq stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $76.32, for a total value of $89,294.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lars Wedenborn sold 3,045 shares of Nasdaq stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $76.13, for a total value of $231,815.85. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.
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Several equities analysts have weighed in on NDAQ shares. Keefe, Bruyette & Woods set a $76.00 price objective on Nasdaq and gave the company a “hold” rating in a research note on Thursday, August 17th. Bank of America Corporation cut Nasdaq from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $77.00 to $75.00 in a research note on Monday, October 9th. Royal Bank Of Canada restated a “hold” rating and set a $76.00 price objective on shares of Nasdaq in a research note on Monday, September 11th. BidaskClub raised Nasdaq from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. Finally, Barclays PLC assumed coverage on Nasdaq in a research report on Friday, September 8th. They set an “overweight” rating and a $85.00 target price for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $77.40.
Shares of Nasdaq, Inc. (NDAQ) opened at $75.41 on Tuesday. Nasdaq, Inc. has a twelve month low of $63.36 and a twelve month high of $78.31. The firm has a market capitalization of $12,229.27, a PE ratio of 17.81, a P/E/G ratio of 2.06 and a beta of 0.76. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.63.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.04. Nasdaq had a return on equity of 12.69% and a net margin of 6.72%. The company had revenue of $607.00 million during the quarter, compared to analyst estimates of $599.84 million. During the same quarter last year, the firm posted $0.91 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. analysts forecast that Nasdaq, Inc. will post 4.18 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Thursday, December 14th. Nasdaq’s dividend payout ratio (DPR) is currently 100.00%.
Nasdaq Company Profile
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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