Nasdaq, Inc. (NDAQ) Shares Bought by Raymond James Trust N.A.
Raymond James Trust N.A. boosted its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 31.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,638 shares of the financial services provider’s stock after buying an additional 1,114 shares during the period. Raymond James Trust N.A.’s holdings in Nasdaq were worth $332,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of NDAQ. Pacer Advisors Inc. raised its holdings in Nasdaq by 3.4% in the 1st quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock valued at $164,000 after buying an additional 77 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in Nasdaq in the 1st quarter valued at about $190,000. IFP Advisors Inc raised its holdings in Nasdaq by 9.4% in the 2nd quarter. IFP Advisors Inc now owns 2,837 shares of the financial services provider’s stock valued at $203,000 after buying an additional 243 shares during the period. Private Advisor Group LLC purchased a new stake in Nasdaq in the 1st quarter valued at about $204,000. Finally, Advisor Partners LLC purchased a new stake in Nasdaq in the 2nd quarter valued at about $214,000. Hedge funds and other institutional investors own 74.37% of the company’s stock.
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In other news, insider Ann M. Dennison sold 1,170 shares of the firm’s stock in a transaction dated 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 filing with the SEC, which is available through the SEC website. Also, insider Bjorn Sibbern sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $76.17, for a total value of $228,510.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,844 shares of company stock worth $2,788,100. Company insiders own 1.60% of the company’s stock.
Several analysts recently issued reports on NDAQ shares. Royal Bank Of Canada restated a “hold” rating and issued a $74.00 price objective on shares of Nasdaq in a report on Tuesday, June 13th. BidaskClub upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Zacks Investment Research lowered shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Citigroup Inc. began coverage on Nasdaq in a research report on Wednesday, July 12th. They issued a “neutral” rating and a $72.00 target price for the company. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $71.00 target price (up from $68.00) on shares of Nasdaq in a research report on Monday, July 17th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Nasdaq currently has an average rating of “Hold” and a consensus target price of $76.10.
Nasdaq, Inc. (NASDAQ:NDAQ) opened at 75.09 on Tuesday. The firm has a market capitalization of $12.52 billion, a P/E ratio of 57.06 and a beta of 0.77. The firm has a 50-day moving average price of $75.26 and a 200 day moving average price of $71.20. Nasdaq, Inc. has a 52-week low of $63.30 and a 52-week high of $77.75.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.06. The company had revenue of $602.00 million for the quarter, compared to the consensus estimate of $596.55 million. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $0.91 EPS. Analysts forecast that Nasdaq, Inc. will post $4.17 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.02%. Nasdaq’s dividend payout ratio (DPR) 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.
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