16,912 Shares in Nasdaq, Inc. (NDAQ) Acquired by LMR Partners LLP
LMR Partners LLP bought a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the second quarter, Holdings Channel reports. The institutional investor bought 16,912 shares of the financial services provider’s stock, valued at approximately $1,209,000.
Several other institutional investors have also recently added to or reduced their stakes in NDAQ. Pacer Advisors Inc. increased its stake in shares of Nasdaq by 3.4% in the first quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock valued at $164,000 after buying an additional 77 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Nasdaq during the first quarter valued at $189,000. Ameritas Investment Partners Inc. bought a new stake in shares of Nasdaq during the first quarter valued at $190,000. IFP Advisors Inc increased its stake in shares of Nasdaq by 9.4% in the second quarter. IFP Advisors Inc now owns 2,837 shares of the financial services provider’s stock valued at $203,000 after buying an additional 243 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC bought a new stake in shares of Nasdaq during the first quarter valued at $203,000. 75.44% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Nasdaq, Inc. (NASDAQ NDAQ) opened at 74.91 on Friday. The stock’s 50 day moving average is $73.62 and its 200 day moving average is $70.58. Nasdaq, Inc. has a 1-year low of $63.30 and a 1-year high of $77.75. The stock has a market capitalization of $12.49 billion, a price-to-earnings ratio of 56.92 and a beta of 0.76.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.06. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The company had revenue of $602 million for the quarter, compared to the consensus estimate of $596.55 million. During the same quarter in the prior year, the firm earned $0.91 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities analysts forecast that Nasdaq, Inc. will post $4.17 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Thursday, September 14th. Nasdaq’s dividend payout ratio (DPR) is presently 118.75%.
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Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods set a $76.00 price target on Nasdaq and gave the stock a “hold” rating in a research report on Thursday. BidaskClub raised Nasdaq from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. UBS AG reaffirmed a “buy” rating and set a $85.00 price target (up from $80.00) on shares of Nasdaq in a research report on Thursday, July 27th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $76.00 price target (up from $74.00) on shares of Nasdaq in a research report on Thursday, July 27th. Finally, Citigroup Inc. assumed coverage on Nasdaq in a research report on Wednesday, July 12th. They set a “neutral” rating and a $72.00 price target on the stock. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $75.30.
In other Nasdaq news, insider Bjorn Sibbern sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $76.17, for a total value of $228,510.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Edward S. Knight sold 15,000 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $74.39, for a total transaction of $1,115,850.00. Following the completion of the sale, the insider now directly owns 78,063 shares in the company, valued at approximately $5,807,106.57. The disclosure for this sale can be found here. Insiders sold 32,629 shares of company stock worth $2,466,989 in the last ninety days. Insiders own 1.60% of the company’s stock.
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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