Daiwa Securities Group Inc. Holds Position in Nasdaq, Inc. (NDAQ)
Daiwa Securities Group Inc. continued to hold its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the second quarter, Holdings Channel reports. The firm owned 3,200 shares of the financial services provider’s stock at the end of the second quarter. Daiwa Securities Group Inc.’s holdings in Nasdaq were worth $229,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in NDAQ. Majedie Asset Management Ltd raised its stake in shares of Nasdaq by 5.4% in the second quarter. Majedie Asset Management Ltd now owns 95,618 shares of the financial services provider’s stock worth $6,836,000 after buying an additional 4,883 shares during the period. Bessemer Group Inc. raised its stake in shares of Nasdaq by 43.5% in the second quarter. Bessemer Group Inc. now owns 2,332,475 shares of the financial services provider’s stock worth $166,749,000 after buying an additional 707,537 shares during the period. Lockheed Martin Investment Management Co. bought a new stake in shares of Nasdaq during the second quarter worth about $1,987,000. CIBC Asset Management Inc raised its stake in shares of Nasdaq by 0.4% in the second quarter. CIBC Asset Management Inc now owns 12,260 shares of the financial services provider’s stock worth $876,000 after buying an additional 50 shares during the period. Finally, Rothschild Asset Management Inc. raised its stake in shares of Nasdaq by 7.8% in the second quarter. Rothschild Asset Management Inc. now owns 10,182 shares of the financial services provider’s stock worth $728,000 after buying an additional 740 shares during the period. 75.44% of the stock is owned by institutional investors and hedge funds.
Nasdaq, Inc. (NASDAQ:NDAQ) opened at 76.28 on Friday. Nasdaq, Inc. has a 52-week low of $63.30 and a 52-week high of $77.75. The company has a market capitalization of $12.72 billion, a P/E ratio of 57.96 and a beta of 0.76. The stock’s 50 day moving average price is $73.52 and its 200-day moving average price is $70.54.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.06. The business had revenue of $602 million during the quarter, compared to analysts’ expectations of $596.55 million. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 earnings per share. Analysts predict that Nasdaq, Inc. will post $4.17 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, September 14th. Nasdaq’s dividend payout ratio (DPR) is presently 118.75%.
A number of brokerages have issued reports on NDAQ. BidaskClub raised shares of Nasdaq from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $76.00 price objective (up from $74.00) on shares of Nasdaq in a report on Thursday, July 27th. UBS AG reaffirmed a “buy” rating and set a $85.00 price objective (up from $80.00) on shares of Nasdaq in a report on Thursday, July 27th. Zacks Investment Research raised shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $71.00 price objective (up from $68.00) on shares of Nasdaq in a report on Monday, July 17th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $75.22.
In related news, insider Bjorn Sibbern sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $76.17, for a total transaction of $228,510.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edward S. Knight sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $74.39, for a total value of $1,115,850.00. Following the sale, the insider now owns 78,063 shares of the company’s stock, valued at $5,807,106.57. The disclosure for this sale can be found here. Insiders sold 32,629 shares of company stock valued at $2,466,989 over the last 90 days. Company insiders own 1.60% of the company’s stock.
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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