Schroder Investment Management Group Sells 146,262 Shares of Nasdaq, Inc. (NDAQ)
Schroder Investment Management Group lessened its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 14.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 836,843 shares of the financial services provider’s stock after selling 146,262 shares during the quarter. Schroder Investment Management Group owned approximately 0.51% of Nasdaq worth $59,867,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of NDAQ. Pacer Advisors Inc. increased its position in Nasdaq by 3.4% during the 1st quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 77 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Nasdaq during the 1st quarter worth about $190,000. Jaffetilchin Investment Partners LLC purchased a new stake in Nasdaq during the 1st quarter worth about $203,000. IFP Advisors Inc increased its position in Nasdaq by 9.4% during the 2nd quarter. IFP Advisors Inc now owns 2,837 shares of the financial services provider’s stock worth $203,000 after purchasing an additional 243 shares in the last quarter. Finally, Private Advisor Group LLC purchased a new stake in Nasdaq during the 1st quarter worth about $204,000. Hedge funds and other institutional investors own 74.31% of the company’s stock.
In related news, Director Lars Wedenborn sold 3,045 shares of the company’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $76.13, for a total transaction of $231,815.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ann M. Dennison sold 1,170 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $76.32, for a total value of $89,294.40. The disclosure for this sale can be found here. Insiders have sold 36,844 shares of company stock worth $2,788,100 over the last three months. 1.60% of the stock is owned by insiders.
A number of analysts recently commented on the company. Barclays PLC assumed coverage on Nasdaq in a research report on Friday. They set an “overweight” rating and a $85.00 price objective for the company. Keefe, Bruyette & Woods set a $76.00 price objective on Nasdaq and gave the stock a “hold” rating in a research report on Thursday, August 17th. BidaskClub upgraded Nasdaq from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $76.00 price objective (up previously from $74.00) on shares of Nasdaq in a research report on Thursday, July 27th. Finally, UBS AG reiterated a “buy” rating and set a $85.00 price objective (up previously from $80.00) on shares of Nasdaq in a research report on Thursday, July 27th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $76.10.
Shares of Nasdaq, Inc. (NASDAQ NDAQ) opened at 74.35 on Friday. The firm has a 50-day moving average price of $75.05 and a 200 day moving average price of $71.06. The stock has a market cap of $12.40 billion, a PE ratio of 56.50 and a beta of 0.77. Nasdaq, Inc. has a 12-month low of $63.30 and a 12-month high of $77.75.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.06. The firm had revenue of $602 million for the quarter, compared to analyst estimates of $596.55 million. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. Nasdaq’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 earnings per share. Equities research analysts predict that Nasdaq, Inc. will post $4.17 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, September 14th. Nasdaq’s payout ratio is 118.75%.
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.
Want to see what other hedge funds are holding NDAQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nasdaq, Inc. (NASDAQ:NDAQ).
Receive News & Ratings for Nasdaq Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.