Commonwealth Bank of Australia lifted its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 4.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,226 shares of the financial services provider’s stock after purchasing an additional 600 shares during the period. Commonwealth Bank of Australia’s holdings in Nasdaq were worth $945,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of NDAQ. BlackRock Inc. increased its stake in shares of Nasdaq by 3,831.1% in the first quarter. BlackRock Inc. now owns 9,546,334 shares of the financial services provider’s stock worth $662,992,000 after purchasing an additional 9,303,493 shares during the period. NN Investment Partners Holdings N.V. increased its stake in shares of Nasdaq by 26,658.6% in the second quarter. NN Investment Partners Holdings N.V. now owns 1,178,181 shares of the financial services provider’s stock worth $84,227,000 after purchasing an additional 1,173,778 shares during the period. Bessemer Group Inc. increased 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 purchasing an additional 707,537 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of Nasdaq by 3,606.1% in the second quarter. Robeco Institutional Asset Management B.V. now owns 569,103 shares of the financial services provider’s stock worth $40,685,000 after purchasing an additional 553,747 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Nasdaq by 3.8% in the first quarter. Vanguard Group Inc. now owns 11,262,495 shares of the financial services provider’s stock worth $782,180,000 after purchasing an additional 416,910 shares during the period. Institutional investors and hedge funds own 74.31% of the company’s stock.

Shares of Nasdaq, Inc. (NASDAQ:NDAQ) opened at 74.75 on Friday. Nasdaq, Inc. has a 12-month low of $63.30 and a 12-month high of $77.75. The firm’s 50-day moving average price is $75.24 and its 200-day moving average price is $71.18. The firm has a market capitalization of $12.47 billion, a P/E ratio of 56.80 and a beta of 0.77.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $602.00 million for the quarter, compared to analyst estimates of $596.55 million. During the same quarter in the prior year, the business posted $0.91 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. Equities analysts predict that Nasdaq, Inc. will post $4.17 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.03%. Nasdaq’s payout ratio is presently 118.75%.

A number of equities analysts have recently commented on NDAQ shares. BidaskClub upgraded Nasdaq from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. UBS AG reiterated a “buy” rating and issued a $85.00 price objective (up from $80.00) on shares of Nasdaq in a research note on Thursday, July 27th. Royal Bank Of Canada reiterated a “hold” rating and issued a $74.00 price objective on shares of Nasdaq in a research note on Tuesday, June 13th. Zacks Investment Research upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $71.00 price objective (up from $68.00) on shares of Nasdaq in a research note on Monday, July 17th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $76.10.

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In other Nasdaq news, Director Lars Wedenborn sold 3,045 shares of the stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $76.13, for a total transaction of $231,815.85. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Edward S. Knight sold 15,000 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $74.39, for a total transaction of $1,115,850.00. Following the transaction, the insider now owns 78,063 shares in the company, valued at approximately $5,807,106.57. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,844 shares of company stock worth $2,788,100. 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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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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