Nasdaq, Inc. (NDAQ) Shares Bought by Polaris Greystone Financial Group LLC
Polaris Greystone Financial Group LLC raised its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 2.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 269,766 shares of the financial services provider’s stock after acquiring an additional 5,161 shares during the period. Nasdaq makes up approximately 2.2% of Polaris Greystone Financial Group LLC’s holdings, making the stock its 20th biggest position. Polaris Greystone Financial Group LLC owned approximately 0.16% of Nasdaq worth $19,286,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Pacer Advisors Inc. increased its position in shares of Nasdaq by 3.4% during the 1st quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock valued at $164,000 after purchasing an additional 77 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Nasdaq during the 1st quarter valued at about $189,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Nasdaq during the 1st quarter valued at about $190,000. Mn Services Vermogensbeheer B.V. increased its position in shares of Nasdaq by 5.5% during the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 3,091 shares of the financial services provider’s stock valued at $201,000 after purchasing an additional 161 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC purchased a new stake in shares of Nasdaq during the 1st quarter valued at about $203,000. Institutional investors and hedge funds own 74.31% of the company’s stock.
Several equities research analysts have recently commented on the stock. BidaskClub raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Royal Bank Of Canada set a $74.00 price target on shares of Nasdaq and gave the company a “hold” rating in a research report on Monday, July 17th. Zacks Investment Research raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Jefferies Group LLC reaffirmed a “hold” rating and set a $71.00 price target (up previously from $68.00) on shares of Nasdaq in a research report on Monday, July 17th. Finally, UBS AG reaffirmed a “buy” rating and set a $85.00 price target (up previously from $80.00) on shares of Nasdaq in a research report on Thursday, July 27th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $75.30.
Nasdaq, Inc. (NDAQ) traded down 1.95% during midday trading on Tuesday, reaching $73.90. 293,792 shares of the company traded hands. Nasdaq, Inc. has a 1-year low of $63.30 and a 1-year high of $77.75. The stock has a market capitalization of $12.33 billion, a P/E ratio of 56.16 and a beta of 0.77. The firm has a 50-day moving average of $74.67 and a 200-day moving average of $70.98.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.06. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The company had revenue of $602 million during the quarter, compared to the consensus estimate of $596.55 million. During the same period in the previous year, the company posted $0.91 earnings per share. Nasdaq’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts predict that Nasdaq, Inc. will post $4.17 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Thursday, September 14th. Nasdaq’s dividend payout ratio (DPR) is presently 118.75%.
In other news, insider Ann M. Dennison sold 1,170 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $76.32, for a total value of $89,294.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Edward S. Knight sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $74.39, for a total value of $1,115,850.00. Following the completion of the sale, the insider now owns 78,063 shares of the company’s stock, valued at $5,807,106.57. The disclosure for this sale can be found here. Insiders sold 36,844 shares of company stock valued at $2,788,100 over the last 90 days. Company insiders own 1.60% of the company’s stock.
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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