Bp Plc purchased a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 14,000 shares of the financial services provider’s stock, valued at approximately $1,086,000.
Several other hedge funds have also recently added to or reduced their stakes in the company. Westpac Banking Corp raised its position in shares of Nasdaq by 921.4% during the 3rd quarter. Westpac Banking Corp now owns 81,485 shares of the financial services provider’s stock valued at $6,321,000 after buying an additional 73,507 shares during the period. Conning Inc. acquired a new stake in Nasdaq in the 3rd quarter valued at approximately $200,000. Crossmark Global Holdings Inc. acquired a new stake in Nasdaq in the 3rd quarter valued at approximately $901,000. Raymond James Financial Services Advisors Inc. increased its holdings in Nasdaq by 1.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 70,968 shares of the financial services provider’s stock valued at $5,505,000 after purchasing an additional 857 shares during the last quarter. Finally, Pictet Asset Management Ltd. increased its holdings in Nasdaq by 21.5% in the 3rd quarter. Pictet Asset Management Ltd. now owns 75,695 shares of the financial services provider’s stock valued at $5,872,000 after purchasing an additional 13,400 shares during the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.
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In other Nasdaq news, Director Lars Wedenborn sold 3,045 shares of the firm’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $76.13, for a total transaction of $231,815.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Edward S. Knight sold 14,629 shares of the firm’s stock in a transaction 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. Over the last three months, insiders have sold 21,844 shares of company stock valued at $1,672,250. 1.60% of the stock is owned by company insiders.
Several analysts recently weighed in on the stock. Royal Bank Of Canada set a $78.00 target price on shares of Nasdaq and gave the company a “hold” rating in a report on Monday, October 16th. Citigroup Inc. lifted their target price on shares of Nasdaq from $75.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday, October 19th. Barclays PLC dropped their target price on shares of Nasdaq from $85.00 to $84.00 and set an “overweight” rating for the company in a report on Thursday, October 26th. Zacks Investment Research upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, BidaskClub downgraded shares of Nasdaq from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $77.40.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.04. The business had revenue of $607.00 million during the quarter, compared to analyst estimates of $599.84 million. Nasdaq had a net margin of 6.72% and a return on equity of 12.69%. The business’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the business earned $0.91 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.08%. The ex-dividend date is Thursday, December 14th. Nasdaq’s dividend payout ratio is currently 100.00%.
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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