DekaBank Deutsche Girozentrale Has $3.62 Million Holdings in Nasdaq Inc (NDAQ)

DekaBank Deutsche Girozentrale trimmed its position in Nasdaq Inc (NASDAQ:NDAQ) by 8.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,675 shares of the financial services provider’s stock after selling 3,609 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Nasdaq were worth $3,617,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. First Hawaiian Bank bought a new stake in shares of Nasdaq during the 3rd quarter worth $101,000. Legacy Advisors LLC bought a new stake in shares of Nasdaq during the 3rd quarter worth $116,000. Cornerstone Wealth Management LLC bought a new stake in shares of Nasdaq during the 2nd quarter worth $122,000. Piedmont Investment Advisors LLC bought a new stake in shares of Nasdaq during the 2nd quarter worth $125,000. Finally, Synovus Financial Corp lifted its holdings in shares of Nasdaq by 5,285.7% during the 3rd quarter. Synovus Financial Corp now owns 1,885 shares of the financial services provider’s stock worth $162,000 after acquiring an additional 1,850 shares during the last quarter. 75.89% of the stock is owned by hedge funds and other institutional investors.

In other Nasdaq news, Director Lars Wedenborn sold 2,500 shares of the business’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $89.94, for a total value of $224,850.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Ann M. Dennison sold 1,553 shares of the business’s stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $83.67, for a total transaction of $129,939.51. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

A number of analysts have recently issued reports on the stock. Rosenblatt Securities assumed coverage on shares of Nasdaq in a report on Wednesday, September 5th. They set a “neutral” rating and a $99.00 price objective for the company. ValuEngine upgraded shares of Nasdaq from a “hold” rating to a “buy” rating in a research report on Friday, October 26th. BidaskClub upgraded shares of Nasdaq from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Zacks Investment Research upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Thursday, October 11th. Finally, Citigroup decreased their target price on shares of Nasdaq from $93.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, October 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $96.29.

Shares of NASDAQ:NDAQ opened at $91.32 on Monday. The firm has a market capitalization of $14.97 billion, a P/E ratio of 22.49, a price-to-earnings-growth ratio of 2.00 and a beta of 0.53. Nasdaq Inc has a 52 week low of $72.98 and a 52 week high of $96.84. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.94 and a current ratio of 0.94.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, October 24th. The financial services provider reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.01. The company had revenue of $600.00 million for the quarter, compared to analysts’ expectations of $605.67 million. Nasdaq had a net margin of 17.95% and a return on equity of 13.69%. The firm’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the company earned $1.01 EPS. As a group, equities analysts forecast that Nasdaq Inc will post 4.77 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Thursday, December 13th. Nasdaq’s payout ratio is 43.35%.

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About Nasdaq

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

Further Reading: Derivative

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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