Prudential Financial Inc. raised its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 2.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 163,685 shares of the financial services provider’s stock after acquiring an additional 3,580 shares during the period. Prudential Financial Inc. owned approximately 0.10% of Nasdaq worth $12,697,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc lifted its stake in shares of Nasdaq by 0.4% in 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. lifted its stake in shares of Nasdaq by 0.6% in 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 lifted its stake in shares of Nasdaq by 2.4% in the second quarter. Thrivent Financial For Lutherans now owns 4,330 shares of the financial services provider’s stock valued at $310,000 after purchasing an additional 100 shares during the period. Oppenheimer & Co. Inc. lifted its stake in shares of Nasdaq by 0.8% in the second quarter. Oppenheimer & Co. Inc. now owns 15,438 shares of the financial services provider’s stock valued at $1,104,000 after purchasing an additional 115 shares during the period. Finally, Penobscot Investment Management Company Inc. lifted its stake in shares of Nasdaq by 2.8% in the second quarter. Penobscot Investment Management Company Inc. now owns 5,425 shares of the financial services provider’s stock valued at $388,000 after purchasing an additional 150 shares during the period. Institutional investors own 76.06% of the company’s stock.
In other news, EVP Pc Nelson Griggs sold 2,064 shares of Nasdaq stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $76.58, for a total transaction of $158,061.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.60% of the company’s stock.
Several brokerages recently commented on NDAQ. Keefe, Bruyette & Woods set a $76.00 price objective on shares of Nasdaq and gave the company a “hold” rating in a research note on Thursday, August 17th. ValuEngine upgraded shares of Nasdaq from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Citigroup raised their price objective on shares of Nasdaq from $75.00 to $82.00 and gave the company a “neutral” rating in a research note on Thursday, October 19th. Royal Bank Of Canada reiterated a “hold” rating and issued a $76.00 price objective on shares of Nasdaq in a research note on Monday, September 11th. Finally, Zacks Investment Research upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $78.22.
Shares of Nasdaq, Inc. (NASDAQ:NDAQ) traded down $0.53 on Thursday, reaching $77.79. 1,103,887 shares of the company’s stock were exchanged, compared to its average volume of 885,048. The firm has a market capitalization of $13,050.43, a PE ratio of 19.01, a P/E/G ratio of 2.20 and a beta of 0.78. Nasdaq, Inc. has a one year low of $65.98 and a one year high of $80.00. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.63.
Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.04. The business had revenue of $607.00 million during the quarter, compared to the consensus estimate of $599.84 million. Nasdaq had a net margin of 6.72% and a return on equity of 12.69%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 earnings per share. research analysts predict that Nasdaq, Inc. will post 4.18 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.95%. Nasdaq’s dividend payout ratio (DPR) is presently 100.00%.
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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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