Nasdaq Inc (NDAQ) Position Raised by Hexavest Inc.

Hexavest Inc. grew its holdings in shares of Nasdaq Inc (NASDAQ:NDAQ) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 239,046 shares of the financial services provider’s stock after acquiring an additional 8,363 shares during the quarter. Hexavest Inc.’s holdings in Nasdaq were worth $18,366,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Thrivent Financial For Lutherans raised its stake in shares of Nasdaq by 2.4% during the second quarter. Thrivent Financial For Lutherans now owns 4,330 shares of the financial services provider’s stock worth $310,000 after acquiring an additional 100 shares in the last quarter. YorkBridge Wealth Partners LLC raised its stake in shares of Nasdaq by 13.9% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 178 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Nasdaq by 8.6% during the second quarter. Pacer Advisors Inc. now owns 2,568 shares of the financial services provider’s stock worth $184,000 after acquiring an additional 203 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Nasdaq by 3.5% during the second quarter. PNC Financial Services Group Inc. now owns 7,912 shares of the financial services provider’s stock worth $566,000 after acquiring an additional 266 shares in the last quarter. Finally, Sentry Investment Management LLC raised its stake in shares of Nasdaq by 3.8% during the second quarter. Sentry Investment Management LLC now owns 7,500 shares of the financial services provider’s stock worth $536,000 after acquiring an additional 274 shares in the last quarter. 75.74% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Pc Nelson Griggs sold 2,064 shares of Nasdaq stock in a transaction on Monday, November 20th. The shares were sold at an average price of $76.58, for a total value of $158,061.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.60% of the company’s stock.

Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of Nasdaq from a “buy” rating to a “hold” rating in a research note on Thursday. BidaskClub upgraded shares of Nasdaq from a “hold” rating to a “buy” rating in a report on Friday. Wells Fargo & Co restated a “market perform” rating and issued a $83.00 target price (up previously from $77.00) on shares of Nasdaq in a report on Wednesday. UBS Group reiterated a “buy” rating and issued a $89.00 price target (up previously from $83.00) on shares of Nasdaq in a report on Monday, December 11th. Finally, ValuEngine upgraded shares of Nasdaq from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $80.09.

Shares of Nasdaq Inc (NASDAQ:NDAQ) opened at $81.43 on Friday. The firm has a market cap of $13,580.00, a price-to-earnings ratio of 53.93, a P/E/G ratio of 1.75 and a beta of 0.79. Nasdaq Inc has a fifty-two week low of $65.98 and a fifty-two week high of $81.55. 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 released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.04. The business had revenue of $607.00 million for the quarter, compared to analysts’ expectations of $599.84 million. Nasdaq had a net margin of 6.72% and a return on equity of 12.69%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.91 earnings per share. equities analysts expect that Nasdaq Inc will post 4.18 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Thursday, December 14th. Nasdaq’s dividend payout ratio (DPR) is currently 100.66%.

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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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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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