Daiwa Securities Group Inc. held its position in Nasdaq, Inc. (NASDAQ:NDAQ) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,200 shares of the financial services provider’s stock at the end of the second quarter. Daiwa Securities Group Inc.’s holdings in Nasdaq were worth $229,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. Aperio Group LLC increased its position in Nasdaq by 2.4% in the second quarter. Aperio Group LLC now owns 95,486 shares of the financial services provider’s stock valued at $6,826,000 after buying an additional 2,218 shares during the last quarter. NGAM Advisors L.P. increased its position in Nasdaq by 16.4% in the second quarter. NGAM Advisors L.P. now owns 231,705 shares of the financial services provider’s stock valued at $16,564,000 after buying an additional 32,562 shares during the last quarter. Reliance Trust Co. of Delaware increased its position in Nasdaq by 6.1% in the second quarter. Reliance Trust Co. of Delaware now owns 9,545 shares of the financial services provider’s stock valued at $682,000 after buying an additional 552 shares during the last quarter. Aviance Capital Partners LLC increased its position in Nasdaq by 23.4% in the second quarter. Aviance Capital Partners LLC now owns 10,094 shares of the financial services provider’s stock valued at $722,000 after buying an additional 1,913 shares during the last quarter. Finally, Rothschild Asset Management Inc. increased its position in Nasdaq by 7.8% in the second quarter. Rothschild Asset Management Inc. now owns 10,182 shares of the financial services provider’s stock valued at $728,000 after buying an additional 740 shares during the last quarter. Hedge funds and other institutional investors own 75.44% of the company’s stock.
Nasdaq, Inc. (NDAQ) opened at 76.28 on Friday. Nasdaq, Inc. has a 52 week low of $63.30 and a 52 week high of $77.75. The company’s 50-day moving average is $73.52 and its 200 day moving average is $70.54. The stock has a market cap of $12.72 billion, a PE ratio of 57.96 and a beta of 0.76.
Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.06. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The firm had revenue of $602 million for the quarter, compared to analysts’ expectations of $596.55 million. During the same quarter in the prior year, the business earned $0.91 EPS. The business’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts expect that Nasdaq, Inc. will post $4.17 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, September 14th. Nasdaq’s dividend payout ratio is 118.75%.
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Several equities analysts have recently weighed in on NDAQ shares. BidaskClub upgraded shares of Nasdaq from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Deutsche Bank AG reduced their target price on shares of Nasdaq from $80.00 to $79.00 and set a “buy” rating for the company in a research note on Friday, April 28th. Royal Bank Of Canada set a $70.00 target price on shares of Nasdaq and gave the stock a “hold” rating in a research note on Friday, April 21st. Jefferies Group LLC reiterated a “hold” rating and issued a $71.00 target price (up previously from $68.00) on shares of Nasdaq in a research note on Monday, July 17th. Finally, Evercore ISI reiterated an “in-line” rating and issued a $74.00 target price on shares of Nasdaq in a research note on Friday, April 28th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $75.22.
In related news, insider Edward S. Knight sold 15,000 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Edward S. Knight sold 14,629 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $76.74, for a total transaction of $1,122,629.46. The disclosure for this sale can be found here. Insiders sold a total of 32,629 shares of company stock valued at $2,466,989 over the last three months. 1.60% of the stock is currently owned by insiders.
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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