8,450 Shares in Nasdaq Inc (NDAQ) Acquired by Oakbrook Investments LLC
Oakbrook Investments LLC acquired a new position in Nasdaq Inc (NASDAQ:NDAQ) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 8,450 shares of the financial services provider’s stock, valued at approximately $649,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Nasdaq by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 11,470,748 shares of the financial services provider’s stock worth $820,043,000 after buying an additional 208,253 shares in the last quarter. Bessemer Group Inc. increased its holdings in Nasdaq by 2.9% in the 3rd quarter. Bessemer Group Inc. now owns 2,400,450 shares of the financial services provider’s stock worth $186,204,000 after buying an additional 67,975 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Nasdaq by 7.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,210,659 shares of the financial services provider’s stock worth $171,614,000 after buying an additional 151,864 shares in the last quarter. Frontier Capital Management Co. LLC increased its holdings in Nasdaq by 1.3% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,249,927 shares of the financial services provider’s stock worth $96,957,000 after buying an additional 16,264 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC increased its holdings in Nasdaq by 14.8% in the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 867,163 shares of the financial services provider’s stock worth $61,993,000 after buying an additional 111,875 shares in the last quarter. Institutional investors own 75.89% of the company’s stock.
NDAQ has been the subject of a number of recent research reports. Barclays cut their price target on Nasdaq from $85.00 to $84.00 and set an “overweight” rating for the company in a research note on Thursday, October 26th. Zacks Investment Research upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Keefe, Bruyette & Woods restated a “hold” rating and set a $78.00 price target on shares of Nasdaq in a research note on Thursday, October 12th. Royal Bank of Canada set a $78.00 price target on Nasdaq and gave the company a “hold” rating in a research note on Monday, October 16th. Finally, Citigroup boosted their price target on Nasdaq from $75.00 to $82.00 and gave the company a “neutral” rating in a research note on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $81.23.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.04. The company had revenue of $607.00 million during the quarter, compared to the consensus estimate of $599.84 million. Nasdaq had a return on equity of 12.69% and a net margin of 6.72%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 EPS. equities research analysts anticipate that Nasdaq Inc will post 4.19 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.90%. Nasdaq’s dividend payout ratio (DPR) is presently 100.00%.
In related news, insider Bradley J. Peterson sold 19,169 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $80.70, for a total transaction of $1,546,938.30. Following the completion of the transaction, the insider now directly owns 32,214 shares in the company, valued at approximately $2,599,669.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Pc Nelson Griggs sold 2,064 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $76.58, for a total value of $158,061.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,629 shares of company stock valued at $1,809,309. 1.60% of the stock is currently owned by corporate insiders.
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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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