LGT Capital Partners LTD. increased its holdings in shares of Nasdaq Inc (NASDAQ:NDAQ) by 11.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 221,110 shares of the financial services provider’s stock after buying an additional 22,370 shares during the period. LGT Capital Partners LTD.’s holdings in Nasdaq were worth $16,988,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased 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 worth $820,043,000 after buying an additional 208,253 shares during the period. Bessemer Group Inc. grew its holdings in Nasdaq by 2.9% during the 3rd quarter. Bessemer Group Inc. now owns 2,400,450 shares of the financial services provider’s stock worth $186,204,000 after acquiring an additional 67,975 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Nasdaq by 7.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,210,659 shares of the financial services provider’s stock worth $171,614,000 after acquiring an additional 151,864 shares in the last quarter. BT Investment Management Ltd acquired a new position in Nasdaq during the 2nd quarter worth approximately $97,982,000. Finally, Frontier Capital Management Co. LLC grew its holdings in Nasdaq by 1.3% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,249,927 shares of the financial services provider’s stock worth $96,957,000 after acquiring an additional 16,264 shares in the last quarter. 75.74% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Pc Nelson Griggs sold 1,396 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $74.72, for a total value of $104,309.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.60% of the company’s stock.
Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.04. Nasdaq had a net margin of 6.72% and a return on equity of 12.69%. The business had revenue of $607.00 million during the quarter, compared to analysts’ expectations of $599.84 million. During the same quarter in the prior year, the business posted $0.91 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. analysts expect that Nasdaq Inc will post 4.18 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Thursday, December 14th. Nasdaq’s payout ratio is 100.66%.
Several research firms have commented on NDAQ. Wells Fargo & Co reiterated a “market perform” rating and set a $83.00 price target (up previously from $77.00) on shares of Nasdaq in a report on Wednesday. Zacks Investment Research upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a report on Wednesday. BidaskClub upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. Bank of America cut shares of Nasdaq from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $77.00 to $75.00 in a report on Monday, October 9th. Finally, UBS Group reiterated a “buy” rating and set a $89.00 price target (up previously from $83.00) on shares of Nasdaq in a report on Monday, December 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. Nasdaq has an average rating of “Hold” and an average target price of $80.09.
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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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