Robeco Institutional Asset Management B.V. grew its holdings in shares of Nasdaq Inc (NASDAQ:NDAQ) by 67.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 3,466 shares of the financial services provider’s stock after purchasing an additional 1,400 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Nasdaq were worth $297,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the business. CIBC Asset Management Inc boosted its holdings in shares of Nasdaq by 4.6% during the 2nd quarter. CIBC Asset Management Inc now owns 12,547 shares of the financial services provider’s stock worth $1,145,000 after buying an additional 553 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of Nasdaq by 3.8% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 15,742 shares of the financial services provider’s stock worth $1,437,000 after buying an additional 578 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Nasdaq by 14.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,722 shares of the financial services provider’s stock worth $431,000 after buying an additional 600 shares in the last quarter. DNB Asset Management AS boosted its holdings in shares of Nasdaq by 4.3% during the 3rd quarter. DNB Asset Management AS now owns 14,500 shares of the financial services provider’s stock worth $1,244,000 after buying an additional 600 shares in the last quarter. Finally, Signature Wealth Management Group boosted its holdings in shares of Nasdaq by 11.8% during the 2nd quarter. Signature Wealth Management Group now owns 5,727 shares of the financial services provider’s stock worth $523,000 after buying an additional 605 shares in the last quarter. Hedge funds and other institutional investors own 75.74% of the company’s stock.
In related news, insider Ann M. Dennison sold 1,553 shares of the stock in a transaction on Monday, October 29th. The stock was sold at an average price of $83.67, for a total value of $129,939.51. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.40% of the stock is owned by company insiders.
Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, October 24th. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.01. Nasdaq had a return on equity of 13.69% and a net margin of 17.95%. The company had revenue of $600.00 million for the quarter, compared to analysts’ expectations of $605.67 million. During the same period last year, the business earned $1.01 EPS. Nasdaq’s quarterly revenue was down .5% compared to the same quarter last year. As a group, sell-side analysts forecast that Nasdaq Inc will post 4.77 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Thursday, December 13th. Nasdaq’s dividend payout ratio is currently 43.35%.
A number of equities analysts have issued reports on the company. BidaskClub cut Nasdaq from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 16th. Citigroup cut their price target on Nasdaq from $93.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday, October 25th. Zacks Investment Research upgraded Nasdaq from a “sell” rating to a “buy” rating and set a $101.00 price target on the stock in a report on Tuesday, September 25th. Rosenblatt Securities began coverage on Nasdaq in a report on Wednesday, September 5th. They set a “neutral” rating and a $99.00 price target on the stock. Finally, UBS Group increased their target price on Nasdaq from $101.00 to $107.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $95.62.
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Nasdaq Company Profile
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.
Further Reading: How can you know how many shares are floating?
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