LMR Partners LLP decreased its stake in shares of Nasdaq Inc (NASDAQ:NDAQ) by 35.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,225 shares of the financial services provider’s stock after selling 2,826 shares during the period. LMR Partners LLP’s holdings in Nasdaq were worth $477,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. Frontier Capital Management Co. LLC raised its position in Nasdaq by 1.2% in the second quarter. Frontier Capital Management Co. LLC now owns 1,222,225 shares of the financial services provider’s stock worth $111,552,000 after acquiring an additional 14,500 shares during the period. Victory Capital Management Inc. raised its position in Nasdaq by 12.7% in the second quarter. Victory Capital Management Inc. now owns 55,950 shares of the financial services provider’s stock worth $5,107,000 after acquiring an additional 6,300 shares during the period. First Trust Advisors LP raised its position in Nasdaq by 825.7% in the second quarter. First Trust Advisors LP now owns 214,501 shares of the financial services provider’s stock worth $19,578,000 after acquiring an additional 191,329 shares during the period. NuWave Investment Management LLC bought a new position in Nasdaq in the second quarter worth approximately $216,000. Finally, Wells Fargo & Company MN raised its position in Nasdaq by 1.5% in the second quarter. Wells Fargo & Company MN now owns 300,335 shares of the financial services provider’s stock worth $27,411,000 after acquiring an additional 4,560 shares during the period. Institutional investors own 74.85% of the company’s stock.
Several research analysts have weighed in on NDAQ shares. Citigroup increased their price target on shares of Nasdaq from $89.00 to $95.00 and gave the stock a “$95.59” rating in a research report on Wednesday, July 18th. UBS Group increased their price target on shares of Nasdaq from $100.00 to $101.00 and gave the stock a “buy” rating in a research report on Thursday, April 26th. BidaskClub downgraded shares of Nasdaq from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 27th. Wells Fargo & Co reiterated a “buy” rating and issued a $104.00 price target on shares of Nasdaq in a research report on Friday, June 22nd. Finally, Zacks Investment Research upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and set a $107.00 price target on the stock in a research report on Tuesday, June 12th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. Nasdaq has a consensus rating of “Hold” and an average target price of $93.71.
In related news, Director Lars Wedenborn sold 2,097 shares of the firm’s stock in a transaction on Thursday, May 24th. The shares were sold at an average price of $91.89, for a total transaction of $192,693.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bradley J. Peterson sold 1,500 shares of the firm’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $93.34, for a total transaction of $140,010.00. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.
Shares of NDAQ stock opened at $92.12 on Friday. The firm has a market cap of $15.29 billion, a PE ratio of 22.69, a PEG ratio of 2.01 and a beta of 0.71. Nasdaq Inc has a one year low of $71.65 and a one year high of $96.19. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.93 and a current ratio of 0.93.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, July 25th. The financial services provider reported $1.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.01. The firm had revenue of $615.00 million for the quarter, compared to the consensus estimate of $620.25 million. Nasdaq had a net margin of 18.13% and a return on equity of 13.40%. The company’s revenue was up 3.2% on a year-over-year basis. During the same period last year, the firm earned $1.02 EPS. equities analysts forecast that Nasdaq Inc will post 4.82 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $1.76 annualized dividend and a dividend yield of 1.91%. Nasdaq’s payout ratio is 43.35%.
Nasdaq Company Profile
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.
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