Bank of America Corp DE raised its stake in shares of Nasdaq Inc (NASDAQ:NDAQ) by 11.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,252,592 shares of the financial services provider’s stock after acquiring an additional 132,268 shares during the period. Bank of America Corp DE owned about 0.76% of Nasdaq worth $114,324,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Nasdaq by 2.2% during the 2nd quarter. BlackRock Inc. now owns 8,262,515 shares of the financial services provider’s stock worth $754,118,000 after purchasing an additional 176,258 shares during the period. Bessemer Group Inc. raised its stake in shares of Nasdaq by 1.0% during the 2nd quarter. Bessemer Group Inc. now owns 2,281,817 shares of the financial services provider’s stock worth $208,261,000 after purchasing an additional 23,297 shares during the period. NN Investment Partners Holdings N.V. raised its stake in shares of Nasdaq by 7.9% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 1,830,075 shares of the financial services provider’s stock worth $167,031,000 after purchasing an additional 134,011 shares during the period. FMR LLC raised its stake in shares of Nasdaq by 82.1% during the 2nd quarter. FMR LLC now owns 1,651,639 shares of the financial services provider’s stock worth $150,746,000 after purchasing an additional 744,666 shares during the period. Finally, Frontier Capital Management Co. LLC raised its stake in shares of Nasdaq by 1.2% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,222,225 shares of the financial services provider’s stock worth $111,552,000 after purchasing an additional 14,500 shares during the period. Institutional investors and hedge funds own 75.66% of the company’s stock.

In related news, insider Bradley J. Peterson sold 1,500 shares of Nasdaq stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $93.34, for a total value of $140,010.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.40% of the company’s stock.

A number of research firms have recently commented on NDAQ. Rosenblatt Securities began coverage on Nasdaq in a research note on Wednesday, September 5th. They set a “neutral” rating and a $99.00 target price on the stock. Zacks Investment Research upgraded Nasdaq from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a research note on Tuesday, June 12th. Citigroup lifted their target price on Nasdaq from $89.00 to $95.00 and gave the stock a “$95.59” rating in a research note on Wednesday, July 18th. Compass Point began coverage on Nasdaq in a research note on Friday, June 22nd. They set a “neutral” rating and a $100.00 target price on the stock. Finally, Wells Fargo & Co reiterated a “buy” rating and set a $104.00 target price on shares of Nasdaq in a research note on Friday, June 22nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $94.07.

Shares of NDAQ opened at $90.73 on Monday. Nasdaq Inc has a fifty-two week low of $71.65 and a fifty-two week high of $96.84. The stock has a market capitalization of $15.06 billion, a P/E ratio of 22.35, a PEG ratio of 1.98 and a beta of 0.65. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.56.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, July 25th. The financial services provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.01. Nasdaq had a return on equity of 13.40% and a net margin of 18.13%. The company had revenue of $615.00 million during the quarter, compared to analyst estimates of $620.25 million. During the same quarter last year, the firm posted $1.02 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. sell-side analysts expect that Nasdaq Inc will post 4.82 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.94%. The ex-dividend date is Thursday, September 13th. Nasdaq’s dividend payout ratio (DPR) is currently 43.35%.

About Nasdaq

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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