Thrivent Financial For Lutherans boosted its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 6.5% during the first quarter, Holdings Channel reports. The firm owned 4,230 shares of the financial services provider’s stock after buying an additional 260 shares during the period. Thrivent Financial For Lutherans’ holdings in Nasdaq were worth $294,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of NDAQ. WINTON GROUP Ltd raised its stake in Nasdaq by 453.0% in the first quarter. WINTON GROUP Ltd now owns 396,932 shares of the financial services provider’s stock valued at $26,809,000 after buying an additional 325,148 shares during the period. Credit Agricole S A raised its stake in Nasdaq by 57.8% in the first quarter. Credit Agricole S A now owns 738,195 shares of the financial services provider’s stock valued at $51,266,000 after buying an additional 270,415 shares during the period. BNP Paribas Arbitrage SA raised its stake in Nasdaq by 1,254.2% in the first quarter. BNP Paribas Arbitrage SA now owns 283,311 shares of the financial services provider’s stock valued at $19,676,000 after buying an additional 262,390 shares during the period. AXA raised its stake in Nasdaq by 35.2% in the first quarter. AXA now owns 617,814 shares of the financial services provider’s stock valued at $42,907,000 after buying an additional 160,714 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in Nasdaq by 1.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 15,395,293 shares of the financial services provider’s stock valued at $1,069,202,000 after buying an additional 146,050 shares during the period. 75.50% of the stock is currently owned by hedge funds and other institutional investors.

Nasdaq, Inc. (NASDAQ NDAQ) opened at 74.33 on Friday. The company has a market capitalization of $12.28 billion, a price-to-earnings ratio of 86.63 and a beta of 0.76. Nasdaq, Inc. has a 12 month low of $63.30 and a 12 month high of $75.23. The stock has a 50 day moving average of $71.25 and a 200 day moving average of $69.67.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.06. The company had revenue of $602 million for the quarter, compared to the consensus estimate of $596.55 million. Nasdaq had a net margin of 3.87% and a return on equity of 11.77%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 EPS. Equities analysts anticipate that Nasdaq, Inc. will post $4.14 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Thursday, September 14th. Nasdaq’s dividend payout ratio (DPR) is currently 183.13%.

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NDAQ has been the topic of several analyst reports. BidaskClub raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Deutsche Bank AG dropped their price target on shares of Nasdaq from $80.00 to $79.00 and set a “buy” rating on the stock in a research report on Friday, April 28th. Zacks Investment Research lowered shares of Nasdaq from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Finally, Royal Bank Of Canada set a $70.00 price target on shares of Nasdaq and gave the stock a “hold” rating in a research report on Friday, April 21st. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Nasdaq presently has an average rating of “Hold” and a consensus price target of $74.55.

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.

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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