Virtu KCG Holdings LLC lessened its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 78.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,323 shares of the financial services provider’s stock after selling 15,490 shares during the quarter. Virtu KCG Holdings LLC’s holdings in Nasdaq were worth $309,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Pacer Advisors Inc. raised its stake in Nasdaq by 8.6% during the 2nd quarter. Pacer Advisors Inc. now owns 2,568 shares of the financial services provider’s stock valued at $184,000 after purchasing an additional 203 shares during the period. MML Investors Services LLC purchased a new position in Nasdaq during the 2nd quarter valued at approximately $201,000. IFP Advisors Inc grew 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 valued at $203,000 after buying an additional 243 shares in the last quarter. Advisor Partners LLC purchased a new position in Nasdaq during the 2nd quarter valued at approximately $214,000. Finally, Comerica Securities Inc. purchased a new position in Nasdaq during the 2nd quarter valued at approximately $237,000. 74.48% of the stock is currently owned by institutional investors.
A number of equities analysts have recently commented on NDAQ shares. Keefe, Bruyette & Woods set a $76.00 target price on Nasdaq and gave the stock a “hold” rating in a report on Thursday, August 17th. Royal Bank Of Canada reissued a “hold” rating and set a $76.00 price target on shares of Nasdaq in a research note on Monday, September 11th. Bank of America Corporation lowered Nasdaq from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $77.00 to $75.00 in a research note on Monday, October 9th. BidaskClub raised Nasdaq from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Finally, Barclays PLC initiated coverage on Nasdaq in a research note on Friday, September 8th. They set an “overweight” rating and a $85.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $77.40.
In related news, insider Ann M. Dennison sold 1,170 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $76.32, for a total value of $89,294.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edward S. Knight sold 14,629 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $76.74, for a total transaction of $1,122,629.46. The disclosure for this sale can be found here. Insiders sold 21,844 shares of company stock valued at $1,672,250 over the last quarter. Insiders own 1.60% of the company’s stock.
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Shares of Nasdaq, Inc. (NASDAQ NDAQ) traded up 0.07% on Friday, reaching $72.34. The company had a trading volume of 1,321,508 shares. The firm’s 50 day moving average is $75.26 and its 200 day moving average is $72.26. Nasdaq, Inc. has a 12 month low of $63.30 and a 12 month high of $78.31. The firm has a market capitalization of $12.07 billion, a PE ratio of 54.97 and a beta of 0.77.
Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Wednesday, October 25th. The financial services provider reported $1.06 EPS for the quarter, topping the consensus estimate of $1.02 by $0.04. The firm had revenue of $607.00 million during the quarter, compared to analysts’ expectations of $599.84 million. Nasdaq had a net margin of 6.72% and a return on equity of 12.69%. Nasdaq’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 EPS. On average, equities research analysts expect 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, December 29th. Stockholders of record on Friday, December 15th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Thursday, December 14th. Nasdaq’s dividend payout ratio (DPR) is presently 100.00%.
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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