SG Americas Securities LLC lowered its position in shares of Nasdaq Inc (NASDAQ:NDAQ) by 21.0% in the first quarter, HoldingsChannel reports. The firm owned 37,718 shares of the financial services provider’s stock after selling 10,011 shares during the period. SG Americas Securities LLC’s holdings in Nasdaq were worth $3,252,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in NDAQ. Nisa Investment Advisors LLC increased its position in shares of Nasdaq by 4.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 58,425 shares of the financial services provider’s stock worth $4,489,000 after purchasing an additional 2,700 shares in the last quarter. Hexavest Inc. increased its position in shares of Nasdaq by 3.6% during the 4th quarter. Hexavest Inc. now owns 239,046 shares of the financial services provider’s stock worth $18,366,000 after purchasing an additional 8,363 shares in the last quarter. SPC Financial Inc. increased its position in shares of Nasdaq by 5.3% during the 4th quarter. SPC Financial Inc. now owns 32,560 shares of the financial services provider’s stock worth $2,502,000 after purchasing an additional 1,635 shares in the last quarter. Bank of Montreal Can increased its position in shares of Nasdaq by 628.6% during the 4th quarter. Bank of Montreal Can now owns 270,150 shares of the financial services provider’s stock worth $20,755,000 after purchasing an additional 233,073 shares in the last quarter. Finally, First National Trust Co increased its position in shares of Nasdaq by 31.6% during the 4th quarter. First National Trust Co now owns 24,031 shares of the financial services provider’s stock worth $1,847,000 after purchasing an additional 5,774 shares in the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.
A number of brokerages recently issued reports on NDAQ. Bank of America set a $82.00 target price on shares of Nasdaq and gave the stock a “sell” rating in a research report on Wednesday, April 25th. BidaskClub cut shares of Nasdaq from a “buy” rating to a “hold” rating in a research report on Friday, January 19th. Wells Fargo increased their target price on shares of Nasdaq from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, March 29th. Zacks Investment Research cut shares of Nasdaq from a “buy” rating to a “hold” rating in a research report on Wednesday, April 11th. Finally, JPMorgan Chase increased their target price on shares of Nasdaq from $87.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, April 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Nasdaq currently has an average rating of “Hold” and an average target price of $88.27.
NDAQ opened at $90.54 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $15.04 billion, a price-to-earnings ratio of 22.30, a P/E/G ratio of 1.91 and a beta of 0.66. Nasdaq Inc has a 1-year low of $65.98 and a 1-year high of $90.96.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, April 25th. The financial services provider reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.04. The firm had revenue of $735.00 million during the quarter, compared to analysts’ expectations of $649.55 million. Nasdaq had a net margin of 17.88% and a return on equity of 12.93%. The company’s quarterly revenue was up 21.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.10 EPS. equities research analysts forecast that Nasdaq Inc will post 4.89 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Thursday, June 14th. This is a boost from Nasdaq’s previous quarterly dividend of $0.38. Nasdaq’s dividend payout ratio (DPR) is presently 37.44%.
Nasdaq declared that its Board of Directors has initiated a stock repurchase plan on Monday, January 29th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.
In other news, insider Bradley J. Peterson sold 1,400 shares of the firm’s stock in a transaction dated Thursday, April 26th. The shares were sold at an average price of $88.25, for a total value of $123,550.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Edward S. Knight sold 26,258 shares of the firm’s stock in a transaction dated Friday, April 27th. The shares were sold at an average price of $88.20, for a total transaction of $2,315,955.60. Following the completion of the transaction, the executive vice president now directly owns 86,627 shares in the company, valued at approximately $7,640,501.40. The disclosure for this sale can be found here. Insiders sold a total of 42,858 shares of company stock valued at $3,666,558 in the last 90 days. Corporate insiders own 0.40% of the company’s stock.
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.
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