Pendal Group Ltd lowered its position in Nasdaq Inc (NASDAQ:NDAQ) by 1.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 931,344 shares of the financial services provider’s stock after selling 16,745 shares during the quarter. Nasdaq comprises about 1.1% of Pendal Group Ltd’s holdings, making the stock its 29th biggest holding. Pendal Group Ltd owned approximately 0.56% of Nasdaq worth $78,357,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Pittenger & Anderson Inc. purchased a new position in shares of Nasdaq in the first quarter valued at approximately $66,000. Dupont Capital Management Corp purchased a new position in shares of Nasdaq during the first quarter worth approximately $96,000. Lenox Wealth Management Inc. grew its position in shares of Nasdaq by 1,562.9% during the first quarter. Lenox Wealth Management Inc. now owns 1,164 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 1,094 shares during the last quarter. NuWave Investment Management LLC grew its position in Nasdaq by 301.3% in the 2nd quarter. NuWave Investment Management LLC now owns 1,224 shares of the financial services provider’s stock valued at $118,000 after buying an additional 919 shares during the last quarter. Finally, Bremer Bank National Association purchased a new position in Nasdaq in the 1st quarter valued at $119,000. 75.67% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently weighed in on NDAQ shares. Bank of America reissued a “neutral” rating and issued a $88.00 target price on shares of Nasdaq in a research note on Friday, May 31st. Deutsche Bank decreased their price target on Nasdaq from $113.00 to $110.00 and set a “buy” rating for the company in a report on Friday. ValuEngine lowered Nasdaq from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Citigroup lowered Nasdaq from a “neutral” rating to a “sell” rating and upped their target price for the company from $93.00 to $95.00 in a research report on Monday, July 22nd. Finally, Wells Fargo & Co upped their price target on Nasdaq from $97.00 to $112.00 and gave the company an “outperform” rating in a research report on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. Nasdaq presently has a consensus rating of “Hold” and a consensus target price of $102.00.
In other Nasdaq news, insider Bradley J. Peterson sold 1,550 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $96.65, for a total value of $149,807.50. Following the sale, the insider now owns 21,408 shares in the company, valued at $2,069,083.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ann M. Dennison sold 5,496 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $96.55, for a total value of $530,638.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,211 shares of company stock valued at $3,454,592. Insiders own 0.50% of the company’s stock.
Shares of NASDAQ:NDAQ traded up $1.39 during trading on Tuesday, hitting $97.97. 29,065 shares of the stock were exchanged, compared to its average volume of 850,733. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $16.23 billion, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 2.92 and a beta of 0.66. Nasdaq Inc has a 1-year low of $75.49 and a 1-year high of $104.69. The company has a fifty day moving average price of $99.37.
Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.03. The firm had revenue of $665.00 million during the quarter, compared to the consensus estimate of $629.06 million. Nasdaq had a return on equity of 14.68% and a net margin of 12.86%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.18 EPS. As a group, analysts forecast that Nasdaq Inc will post 4.92 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.88 dividend on an annualized basis and a yield of 1.92%. Nasdaq’s payout ratio is 38.84%.
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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