Prudential Financial Inc. Boosts Stake in Nasdaq, Inc. (NDAQ)
Prudential Financial Inc. lifted its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 2.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 163,685 shares of the financial services provider’s stock after acquiring an additional 3,580 shares during the quarter. Prudential Financial Inc. owned approximately 0.10% of Nasdaq worth $12,697,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also bought and sold shares of the company. BT Investment Management Ltd acquired a new stake in Nasdaq during the 2nd quarter worth $97,982,000. Bessemer Group Inc. boosted its position in shares of Nasdaq by 43.5% during 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 in the last quarter. Sterling Capital Management LLC bought a new position in shares of Nasdaq during the second quarter worth $40,996,000. Robeco Institutional Asset Management B.V. boosted its position in shares of Nasdaq by 3,606.1% during 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 in the last quarter. Finally, Marshall Wace North America L.P. bought a new position in shares of Nasdaq during the second quarter worth $26,316,000. 75.82% of the stock is currently owned by hedge funds and other institutional investors.
Nasdaq, Inc. (NDAQ) opened at $77.24 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.63. Nasdaq, Inc. has a 12-month low of $63.36 and a 12-month high of $78.31. The firm has a market cap of $12,781.14, a PE ratio of 18.62, a P/E/G ratio of 2.15 and a beta of 0.76.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.06 EPS for the quarter, topping the consensus estimate of $1.02 by $0.04. The business had revenue of $607.00 million for the quarter, compared to analyst estimates of $599.84 million. Nasdaq had a net margin of 6.72% and a return on equity of 12.69%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 earnings per share. research analysts predict that Nasdaq, Inc. will post 4.18 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.97%. The ex-dividend date is Thursday, December 14th. Nasdaq’s dividend payout ratio is 100.00%.
In other news, insider Pc Nelson Griggs sold 1,396 shares of Nasdaq stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $74.72, for a total value of $104,309.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.60% of the company’s stock.
Several equities research analysts recently commented on the stock. ValuEngine raised shares of Nasdaq from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Barclays PLC cut their price target on shares of Nasdaq from $85.00 to $84.00 and set an “overweight” rating on the stock in a research report on Thursday, October 26th. Citigroup Inc. boosted their price target on shares of Nasdaq from $75.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Zacks Investment Research raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, Royal Bank Of Canada set a $78.00 price target on shares of Nasdaq and gave the stock a “hold” rating in a research report on Monday, October 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $78.22.
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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