BB&T Corp boosted its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 35.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,849 shares of the financial services provider’s stock after acquiring an additional 23,629 shares during the period. BB&T Corp owned 0.05% of Nasdaq worth $6,969,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. BT Investment Management Ltd acquired a new position in Nasdaq during the 2nd quarter worth about $97,982,000. NN Investment Partners Holdings N.V. lifted its stake in shares of Nasdaq by 26,658.6% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 1,178,181 shares of the financial services provider’s stock valued at $84,227,000 after purchasing an additional 1,173,778 shares during the period. Bessemer Group Inc. lifted its stake in shares of Nasdaq by 43.5% in the 2nd quarter. Bessemer Group Inc. now owns 2,332,475 shares of the financial services provider’s stock valued at $166,749,000 after purchasing an additional 707,537 shares during the period. Sterling Capital Management LLC acquired a new position in shares of Nasdaq in the 2nd quarter valued at about $40,996,000. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of Nasdaq by 3,606.1% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 569,103 shares of the financial services provider’s stock valued at $40,685,000 after purchasing an additional 553,747 shares during the period. Institutional investors own 74.99% of the company’s stock.
In other news, Director Lars Wedenborn sold 3,045 shares of the stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $76.13, for a total transaction of $231,815.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Edward S. Knight sold 14,629 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was 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 have sold 18,844 shares of company stock worth $1,443,740 over the last ninety days. Insiders own 1.60% of the company’s stock.
A number of analysts recently commented on NDAQ shares. Barclays PLC decreased their target price on Nasdaq from $85.00 to $84.00 and set an “overweight” rating for the company in a research report on Thursday, October 26th. BidaskClub raised Nasdaq from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Zacks Investment Research lowered Nasdaq from a “hold” rating to a “sell” rating in a report on Monday, October 9th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $78.00 price objective on shares of Nasdaq in a report on Thursday, October 12th. Finally, Royal Bank of Canada set a $74.00 price objective on Nasdaq and gave the stock a “hold” rating in a report on Monday, July 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $77.40.
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Nasdaq, Inc. (NASDAQ NDAQ) traded down $0.16 on Friday, reaching $73.57. The company had a trading volume of 1,196,000 shares, compared to its average volume of 880,972. The company has a market capitalization of $12,255.87, a PE ratio of 17.85, a PEG ratio of 2.06 and a beta of 0.76. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. Nasdaq, Inc. has a 1-year low of $63.36 and a 1-year high of $78.31.
Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, October 25th. The financial services provider reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.04. Nasdaq had a return on equity of 12.69% and a net margin of 6.72%. The business had revenue of $607.00 million for the quarter, compared to analysts’ expectations of $599.84 million. During the same quarter in the prior year, the firm earned $0.91 earnings per share. The firm’s revenue was up 3.8% on a year-over-year basis. equities research analysts predict that Nasdaq, Inc. will post 4.18 EPS for the current 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 paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.07%. Nasdaq’s dividend payout ratio (DPR) is currently 100.00%.
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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