LGT Capital Partners LTD. raised its position in shares of Nasdaq Inc (NASDAQ:NDAQ) by 21.5% during the first quarter, Holdings Channel reports. The institutional investor owned 147,640 shares of the financial services provider’s stock after buying an additional 26,090 shares during the period. LGT Capital Partners LTD. owned 0.09% of Nasdaq worth $10,254,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in NDAQ. CENTRAL TRUST Co increased its position in shares of Nasdaq by 7.4% in the third quarter. CENTRAL TRUST Co now owns 6,441 shares of the financial services provider’s stock worth $435,000 after buying an additional 443 shares in the last quarter. Verity & Verity LLC increased its position in shares of Nasdaq by 13.3% in the third quarter. Verity & Verity LLC now owns 18,333 shares of the financial services provider’s stock worth $1,238,000 after buying an additional 2,150 shares in the last quarter. Shell Asset Management Co. increased its position in shares of Nasdaq by 5.6% in the third quarter. Shell Asset Management Co. now owns 24,331 shares of the financial services provider’s stock worth $1,643,000 after buying an additional 1,286 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Nasdaq by 2.9% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,528 shares of the financial services provider’s stock worth $1,184,000 after buying an additional 496 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Nasdaq by 1.0% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 404,067 shares of the financial services provider’s stock worth $27,291,000 after buying an additional 3,861 shares in the last quarter. Institutional investors own 73.64% of the company’s stock.
Nasdaq Inc (NASDAQ:NDAQ) traded up 1.37% during mid-day trading on Thursday, reaching $70.12. The company’s stock had a trading volume of 684,982 shares. The firm’s 50 day moving average is $69.91 and its 200-day moving average is $67.99. The stock has a market cap of $11.69 billion, a P/E ratio of 109.56 and a beta of 0.89. Nasdaq Inc has a one year low of $61.19 and a one year high of $72.52.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Tuesday, January 31st. The financial services provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. Nasdaq had a net margin of 2.94% and a return on equity of 10.99%. The company earned $599 million during the quarter, compared to analysts’ expectations of $600.89 million. During the same quarter in the previous year, the company earned $0.89 earnings per share. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. Equities analysts expect that Nasdaq Inc will post $4.18 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Friday, March 17th were issued a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, March 15th. This represents a $1.28 dividend on an annualized basis and a yield of 1.83%. Nasdaq’s payout ratio is 206.45%.
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NDAQ has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Nasdaq from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Wednesday, December 28th. Royal Bank of Canada restated a “sector perform” rating and set a $71.00 price target on shares of Nasdaq in a report on Thursday, March 30th. Finally, Jefferies Group LLC restated a “hold” rating and set a $68.00 price target on shares of Nasdaq in a report on Monday, April 10th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $72.55.
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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