Nasdaq Inc (NASDAQ:NDAQ) Holdings Reduced by Axa

AXA trimmed its holdings in Nasdaq Inc (NASDAQ:NDAQ) by 78.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 123,114 shares of the financial services provider’s stock after selling 451,900 shares during the quarter. AXA owned 0.07% of Nasdaq worth $9,550,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in NDAQ. Janney Montgomery Scott LLC raised its holdings in Nasdaq by 24.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 4,470 shares of the financial services provider’s stock valued at $320,000 after buying an additional 867 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Nasdaq by 1.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 356,884 shares of the financial services provider’s stock worth $25,514,000 after purchasing an additional 3,494 shares in the last quarter. State of Wisconsin Investment Board raised its holdings in Nasdaq by 20.0% in the 2nd quarter. State of Wisconsin Investment Board now owns 131,786 shares of the financial services provider’s stock worth $9,421,000 after purchasing an additional 21,950 shares in the last quarter. Legal & General Group Plc raised its holdings in Nasdaq by 2.4% in the 2nd quarter. Legal & General Group Plc now owns 597,473 shares of the financial services provider’s stock worth $42,714,000 after purchasing an additional 14,184 shares in the last quarter. Finally, Comerica Bank raised its holdings in Nasdaq by 6.5% in the 2nd quarter. Comerica Bank now owns 64,884 shares of the financial services provider’s stock worth $4,713,000 after purchasing an additional 3,964 shares in the last quarter. Hedge funds and other institutional investors own 75.74% of the company’s stock.

In other Nasdaq news, insider Pc Nelson Griggs sold 1,396 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $74.72, for a total transaction of $104,309.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.60% of the company’s stock.

Shares of Nasdaq Inc (NASDAQ:NDAQ) traded up $0.97 during mid-day trading on Friday, reaching $81.43. 924,111 shares of the company traded hands, compared to its average volume of 862,381. Nasdaq Inc has a one year low of $65.98 and a one year high of $81.55. The stock has a market cap of $13,580.00, a P/E ratio of 53.93, a price-to-earnings-growth ratio of 1.75 and a beta of 0.79. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.63.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.04. Nasdaq had a net margin of 6.72% and a return on equity of 12.69%. The business had revenue of $607.00 million during the quarter, compared to analyst estimates of $599.84 million. During the same period last year, the firm posted $0.91 EPS. The company’s revenue was up 3.8% on a year-over-year basis. analysts anticipate that Nasdaq Inc will post 4.18 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend was Thursday, December 14th. Nasdaq’s dividend payout ratio (DPR) is currently 100.66%.

Several research analysts have commented on the stock. ValuEngine lowered shares of Nasdaq from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. BidaskClub lowered shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Wednesday, December 20th. Barclays decreased their price objective on shares of Nasdaq from $85.00 to $84.00 and set an “overweight” rating for the company in a report on Thursday, October 26th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $78.00 price objective on shares of Nasdaq in a report on Thursday, October 12th. Finally, Zacks Investment Research raised shares of Nasdaq from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. Nasdaq currently has an average rating of “Hold” and an average target price of $80.09.

ILLEGAL ACTIVITY NOTICE: This piece was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright legislation. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2018/01/13/axa-has-9-55-million-stake-in-nasdaq-inc-ndaq.html.

About Nasdaq

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.

Institutional Ownership by Quarter for Nasdaq (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.

Leave a Reply