LMR Partners LLP Acquires Shares of 5,861 Nasdaq Inc (NDAQ)

LMR Partners LLP acquired a new stake in shares of Nasdaq Inc (NASDAQ:NDAQ) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,861 shares of the financial services provider’s stock, valued at approximately $478,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Verity & Verity LLC grew its holdings in Nasdaq by 11.2% during the fourth quarter. Verity & Verity LLC now owns 32,227 shares of the financial services provider’s stock worth $2,629,000 after acquiring an additional 3,240 shares during the period. Huntington National Bank grew its holdings in Nasdaq by 20.2% during the fourth quarter. Huntington National Bank now owns 34,509 shares of the financial services provider’s stock worth $2,815,000 after acquiring an additional 5,805 shares during the period. FMR LLC grew its holdings in Nasdaq by 0.5% during the third quarter. FMR LLC now owns 1,659,626 shares of the financial services provider’s stock worth $142,396,000 after acquiring an additional 7,987 shares during the period. Ardevora Asset Management LLP grew its holdings in Nasdaq by 2.4% during the fourth quarter. Ardevora Asset Management LLP now owns 413,726 shares of the financial services provider’s stock worth $33,748,000 after acquiring an additional 9,800 shares during the period. Finally, CENTRAL TRUST Co grew its holdings in Nasdaq by 15.9% during the fourth quarter. CENTRAL TRUST Co now owns 1,775 shares of the financial services provider’s stock worth $145,000 after acquiring an additional 243 shares during the period. Institutional investors and hedge funds own 76.23% of the company’s stock.

In other Nasdaq news, insider Bradley J. Peterson sold 6,159 shares of the firm’s stock in a transaction dated Wednesday, January 30th. The stock was sold at an average price of $85.48, for a total transaction of $526,471.32. Following the completion of the sale, the insider now directly owns 39,482 shares in the company, valued at approximately $3,374,921.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bradley J. Peterson sold 5,841 shares of the firm’s stock in a transaction dated Friday, January 11th. The stock was sold at an average price of $79.96, for a total value of $467,046.36. The disclosure for this sale can be found here. Insiders sold a total of 13,339 shares of company stock worth $1,114,349 in the last three months. 0.40% of the stock is currently owned by company insiders.

A number of research firms recently issued reports on NDAQ. Zacks Investment Research raised Nasdaq from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Monday, December 31st. BidaskClub raised Nasdaq from a “hold” rating to a “buy” rating in a report on Thursday, February 28th. ValuEngine lowered Nasdaq from a “buy” rating to a “hold” rating in a report on Monday, January 7th. Raymond James lowered their target price on Nasdaq from $97.00 to $96.00 and set an “outperform” rating on the stock in a report on Tuesday, March 5th. Finally, Atlantic Securities began coverage on Nasdaq in a report on Wednesday, November 28th. They set an “overweight” rating and a $105.00 target price on the stock. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $96.00.

Shares of NDAQ opened at $83.55 on Friday. The stock has a market capitalization of $13.82 billion, a P/E ratio of 17.26, a P/E/G ratio of 2.05 and a beta of 0.64. Nasdaq Inc has a 1-year low of $75.49 and a 1-year high of $96.84. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 0.97.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, January 30th. The financial services provider reported $1.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.02. The firm had revenue of $645.00 million for the quarter, compared to analysts’ expectations of $642.95 million. Nasdaq had a return on equity of 14.53% and a net margin of 10.71%. Nasdaq’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the business posted $1.05 EPS. As a group, equities analysts forecast that Nasdaq Inc will post 5.11 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.76 dividend on an annualized basis and a yield of 2.11%. Nasdaq’s dividend payout ratio is currently 36.36%.

TRADEMARK VIOLATION NOTICE: This news story was reported by WKRB News and is the property of of WKRB News. If you are accessing this news story on another domain, it was stolen and republished in violation of international copyright and trademark laws. The original version of this news story can be read at https://www.wkrb13.com/2019/03/17/lmr-partners-llp-acquires-shares-of-5861-nasdaq-inc-ndaq.html.

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.

See Also: Catch-Up Contributions

Want to see what other hedge funds are holding NDAQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nasdaq Inc (NASDAQ:NDAQ).

Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

Receive News & Ratings for Nasdaq Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply