Point72 Hong Kong Ltd bought a new position in shares of Nasdaq Inc (NASDAQ:NDAQ) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,689 shares of the financial services provider’s stock, valued at approximately $288,000.

Other hedge funds also recently made changes to their positions in the company. Valeo Financial Advisors LLC purchased a new position in shares of Nasdaq in the 4th quarter worth about $35,000. Ancora Advisors LLC purchased a new stake in Nasdaq in the fourth quarter worth $37,000. Citizens Financial Group Inc RI purchased a new stake in Nasdaq in the fourth quarter worth $46,000. Acadian Asset Management LLC bought a new position in shares of Nasdaq during the 4th quarter worth $71,000. Finally, Global Retirement Partners LLC grew its position in shares of Nasdaq by 140.1% during the 4th quarter. Global Retirement Partners LLC now owns 857 shares of the financial services provider’s stock worth $92,000 after buying an additional 500 shares in the last quarter. 76.57% of the stock is owned by institutional investors and hedge funds.

NASDAQ:NDAQ traded up $3.97 during trading hours on Wednesday, reaching $86.96. 1,969,122 shares of the company traded hands, compared to its average volume of 1,140,483. The firm’s 50-day moving average is $105.80 and its 200-day moving average is $104.33. The stock has a market cap of $12.02 billion, a P/E ratio of 18.78, a P/E/G ratio of 1.33 and a beta of 0.68. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 1.01. Nasdaq Inc has a 1-year low of $71.66 and a 1-year high of $120.23.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.02. Nasdaq had a return on equity of 15.16% and a net margin of 18.15%. The business had revenue of $646.00 million for the quarter, compared to analysts’ expectations of $641.65 million. During the same quarter last year, the firm earned $1.26 earnings per share. The business’s revenue was up .2% on a year-over-year basis. As a group, research analysts predict that Nasdaq Inc will post 5.5 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be given a $0.47 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.16%. Nasdaq’s dividend payout ratio (DPR) is currently 37.60%.

In other Nasdaq news, EVP Jeremy Skule sold 2,755 shares of Nasdaq stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $109.44, for a total transaction of $301,507.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.50% of the stock is currently owned by company insiders.

A number of equities research analysts have commented on NDAQ shares. Wells Fargo & Co lifted their target price on Nasdaq from $111.00 to $122.00 and gave the company an “overweight” rating in a research report on Tuesday, January 14th. They noted that the move was a valuation call. Deutsche Bank dropped their price objective on Nasdaq from $126.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Bank of America dropped their price objective on Nasdaq from $114.00 to $90.00 and set a “buy” rating for the company in a research note on Monday. BidaskClub downgraded Nasdaq from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Credit Suisse Group initiated coverage on Nasdaq in a research note on Monday, December 16th. They issued an “outperform” rating for the company. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $108.86.

Nasdaq Profile

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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