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.
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%.
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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