US Bancorp DE lowered its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 25.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,030 shares of the financial services provider’s stock after selling 10,700 shares during the period. US Bancorp DE’s holdings in Nasdaq were worth $2,290,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in NDAQ. Tompkins Financial Corp bought a new stake in shares of Nasdaq during the first quarter valued at approximately $143,000. Pacer Advisors Inc. increased its stake in shares of Nasdaq by 3.4% in the first quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock valued at $164,000 after buying an additional 77 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Nasdaq during the first quarter valued at approximately $189,000. Ameritas Investment Partners Inc. bought a new stake in shares of Nasdaq during the first quarter valued at approximately $190,000. Finally, Mn Services Vermogensbeheer B.V. increased its stake in shares of Nasdaq by 5.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,091 shares of the financial services provider’s stock valued at $201,000 after buying an additional 161 shares during the last quarter. Institutional investors and hedge funds own 75.50% of the company’s stock.
Shares of Nasdaq, Inc. (NASDAQ:NDAQ) traded up 0.44% on Tuesday, hitting $74.70. The stock had a trading volume of 262,350 shares. The stock has a market cap of $12.36 billion, a P/E ratio of 57.20 and a beta of 0.75. Nasdaq, Inc. has a 1-year low of $63.30 and a 1-year high of $75.23. The firm’s 50-day moving average is $71.62 and its 200 day moving average is $69.84.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.06. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The business had revenue of $602 million during the quarter, compared to analysts’ expectations of $596.55 million. During the same quarter in the previous year, the firm earned $0.91 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. Equities analysts forecast that Nasdaq, Inc. will post $4.16 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.52 annualized dividend and a yield of 2.04%. Nasdaq’s dividend payout ratio (DPR) is 118.75%.
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Several brokerages recently commented on NDAQ. BidaskClub upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Royal Bank Of Canada set a $74.00 price objective on Nasdaq and gave the stock a “hold” rating in a report on Monday, July 17th. Jefferies Group LLC restated a “hold” rating and set a $68.00 price objective on shares of Nasdaq in a report on Monday, April 10th. Evercore ISI restated an “in-line” rating and set a $74.00 price objective on shares of Nasdaq in a report on Friday, April 28th. Finally, Zacks Investment Research upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $75.22.
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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