KBC Group NV Boosts Stake in Nasdaq, Inc. (NDAQ)
KBC Group NV grew its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 15.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,515 shares of the financial services provider’s stock after purchasing an additional 10,288 shares during the period. KBC Group NV’s holdings in Nasdaq were worth $5,858,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. CIBC Asset Management Inc increased its holdings in Nasdaq by 0.4% during the 2nd quarter. CIBC Asset Management Inc now owns 12,260 shares of the financial services provider’s stock worth $876,000 after acquiring an additional 50 shares during the period. Stanley Laman Group Ltd. increased its holdings in Nasdaq by 0.6% during the 2nd quarter. Stanley Laman Group Ltd. now owns 9,457 shares of the financial services provider’s stock worth $676,000 after acquiring an additional 57 shares during the period. Thrivent Financial For Lutherans increased its holdings in Nasdaq by 2.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 4,330 shares of the financial services provider’s stock worth $310,000 after acquiring an additional 100 shares during the period. Oppenheimer & Co. Inc. increased its holdings in Nasdaq by 0.8% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 15,438 shares of the financial services provider’s stock worth $1,104,000 after acquiring an additional 115 shares during the period. Finally, Penobscot Investment Management Company Inc. increased its holdings in Nasdaq by 2.8% during the 2nd quarter. Penobscot Investment Management Company Inc. now owns 5,425 shares of the financial services provider’s stock worth $388,000 after acquiring an additional 150 shares during the period. 76.06% of the stock is currently owned by institutional investors.
In other news, insider Pc Nelson Griggs sold 1,396 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $74.72, for a total value of $104,309.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is currently owned by corporate insiders.
A number of research firms have commented on NDAQ. ValuEngine raised shares of Nasdaq from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Barclays cut their price target on shares of Nasdaq from $85.00 to $84.00 and set an “overweight” rating for the company in a research note on Thursday, October 26th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $78.00 price target on shares of Nasdaq in a research note on Thursday, October 12th. Zacks Investment Research raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, Citigroup boosted their price target on shares of Nasdaq from $75.00 to $82.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. Nasdaq presently has a consensus rating of “Hold” and an average target price of $78.22.
Nasdaq, Inc. (NDAQ) opened at $78.51 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.63. Nasdaq, Inc. has a 12 month low of $64.75 and a 12 month high of $80.00. The company has a market cap of $13,120.24, a P/E ratio of 19.11, a price-to-earnings-growth ratio of 2.21 and a beta of 0.78.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.04. Nasdaq had a net margin of 6.72% and a return on equity of 12.69%. The company had revenue of $607.00 million during the quarter, compared to analysts’ expectations of $599.84 million. During the same quarter in the prior year, the company earned $0.91 EPS. The firm’s revenue was up 3.8% on a year-over-year basis. sell-side analysts expect that Nasdaq, Inc. will post 4.18 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.38 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.94%. Nasdaq’s dividend payout ratio (DPR) is 100.00%.
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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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