Nasdaq, Inc. (NDAQ) Shares Bought by Principal Financial Group Inc.
Principal Financial Group Inc. grew its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 174,415 shares of the financial services provider’s stock after buying an additional 503 shares during the period. Principal Financial Group Inc. owned about 0.11% of Nasdaq worth $12,469,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in NDAQ. Pacer Advisors Inc. lifted its holdings 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 buying an additional 77 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in Nasdaq during the 1st quarter worth approximately $190,000. IFP Advisors Inc lifted its holdings 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 buying an additional 243 shares during the last quarter. Private Advisor Group LLC bought a new position in Nasdaq during the 1st quarter worth approximately $204,000. Finally, Advisor Partners LLC bought a new position in Nasdaq during the 2nd quarter worth approximately $214,000. 74.37% of the stock is currently owned by institutional investors.
NDAQ has been the topic of a number of research analyst reports. BidaskClub raised Nasdaq from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Barclays PLC initiated coverage on Nasdaq in a report on Friday, September 8th. They set an “overweight” rating and a $85.00 target price on the stock. Royal Bank Of Canada set a $74.00 target price on Nasdaq and gave the stock a “hold” rating in a report on Monday, July 17th. Jefferies Group LLC reaffirmed a “hold” rating and set a $71.00 target price (up previously from $68.00) on shares of Nasdaq in a report on Monday, July 17th. Finally, Zacks Investment Research downgraded Nasdaq from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Nasdaq presently has an average rating of “Hold” and a consensus target price of $76.10.
Shares of Nasdaq, Inc. (NASDAQ NDAQ) opened at 76.10 on Friday. The stock’s 50 day moving average price is $75.31 and its 200-day moving average price is $71.24. The firm has a market capitalization of $12.69 billion, a PE ratio of 57.83 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 released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, beating 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% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 earnings per share. On average, equities analysts anticipate that Nasdaq, Inc. will post $4.17 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Thursday, September 14th. Nasdaq’s payout ratio is 118.75%.
In other Nasdaq news, insider Bjorn Sibbern sold 3,000 shares of Nasdaq stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $76.17, for a total transaction of $228,510.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Edward S. Knight sold 15,000 shares of Nasdaq 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 sale, the insider now directly owns 78,063 shares in the company, valued at $5,807,106.57. 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 ninety days. Company insiders own 1.60% of the company’s stock.
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Nasdaq Company Profile
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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