2,689 Shares in Nasdaq Inc (NASDAQ:NDAQ) Purchased by Point72 Hong Kong Ltd
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.
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, 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.
Featured Article: What is the price-to-earnings growth (PEG) ratio?
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq and related companies with MarketBeat.com's FREE daily email newsletter.