First Trust Advisors LP Has $1.19 Million Position in Nasdaq, Inc. (NDAQ)
First Trust Advisors LP lessened its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 91.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,573 shares of the financial services provider’s stock after selling 174,265 shares during the quarter. First Trust Advisors LP’s holdings in Nasdaq were worth $1,185,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in NDAQ. BlackRock Inc. boosted its holdings 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 valued at $662,992,000 after buying an additional 9,303,493 shares during the period. NN Investment Partners Holdings N.V. boosted its holdings 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 valued at $84,227,000 after buying an additional 1,173,778 shares during the period. Bessemer Group Inc. boosted its holdings 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 valued at $166,749,000 after buying an additional 707,537 shares during the period. Vanguard Group Inc. boosted its holdings 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 valued at $782,180,000 after buying an additional 416,910 shares during the period. Finally, Clearbridge Investments LLC boosted its holdings in shares of Nasdaq by 13.1% in the first quarter. Clearbridge Investments LLC now owns 3,094,734 shares of the financial services provider’s stock valued at $214,929,000 after buying an additional 358,414 shares during the period. Institutional investors own 74.37% of the company’s stock.
Shares of Nasdaq, Inc. (NASDAQ NDAQ) opened at 75.09 on Tuesday. Nasdaq, Inc. has a 12 month low of $63.30 and a 12 month high of $77.75. The company has a market cap of $12.52 billion, a price-to-earnings ratio of 57.06 and a beta of 0.77. The stock has a 50 day moving average of $75.26 and a 200-day moving average of $71.20.
Nasdaq (NASDAQ:NDAQ) last posted 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 business had revenue of $602.00 million during the quarter, compared to the consensus estimate of $596.55 million. During the same quarter last year, the firm posted $0.91 EPS. Nasdaq’s revenue was up 7.7% compared to the same quarter last year. On average, 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. Investors of record on Friday, September 15th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Thursday, September 14th. Nasdaq’s payout ratio is currently 118.75%.
NDAQ has been the subject of several research analyst reports. Royal Bank Of Canada reiterated a “hold” rating and issued a $74.00 price target on shares of Nasdaq in a report on Tuesday, June 13th. BidaskClub upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Zacks Investment Research cut shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Citigroup Inc. initiated coverage on shares of Nasdaq in a report on Wednesday, July 12th. They issued a “neutral” rating and a $72.00 price target for the company. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $71.00 price target (up previously from $68.00) on shares of Nasdaq in a report on Monday, July 17th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Nasdaq currently has an average rating of “Hold” and a consensus target price of $76.10.
In related news, insider Edward S. Knight sold 15,000 shares of Nasdaq stock in a transaction on Friday, July 28th. The shares were sold at an average price of $74.39, for a total value of $1,115,850.00. Following the completion of the sale, the insider now owns 78,063 shares of the company’s stock, valued at approximately $5,807,106.57. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Lars Wedenborn sold 3,045 shares of Nasdaq stock in a transaction on Friday, August 18th. The shares were sold at an average price of $76.13, for a total transaction of $231,815.85. The disclosure for this sale can be found here. In the last three months, insiders sold 36,844 shares of company stock valued at $2,788,100. 1.60% of the stock is currently owned by insiders.
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.
Want to see what other hedge funds are holding NDAQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nasdaq, Inc. (NASDAQ:NDAQ).
Receive News & Ratings for Nasdaq Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq Inc. and related companies with MarketBeat.com's FREE daily email newsletter.