Royal Bank Of Canada Reaffirms “Hold” Rating for Nasdaq, Inc. (NASDAQ:NDAQ)

Royal Bank Of Canada reaffirmed their hold rating on shares of Nasdaq, Inc. (NASDAQ:NDAQ) in a research note released on Monday, September 11th. Royal Bank Of Canada currently has a $76.00 price objective on the financial services provider’s stock.

Other research analysts also recently issued research reports about the stock. BidaskClub raised shares of Nasdaq from a hold rating to a buy rating in a research note on Friday, August 4th. UBS AG restated a buy rating and issued a $85.00 price target (up previously from $80.00) on shares of Nasdaq in a report on Thursday, July 27th. Deutsche Bank AG restated a buy rating and issued a $77.00 price target (down previously from $79.00) on shares of Nasdaq in a report on Monday, May 15th. Keefe, Bruyette & Woods set a $76.00 target price on Nasdaq and gave the stock a hold rating in a report on Thursday, August 17th. Finally, Zacks Investment Research upgraded Nasdaq from a sell rating to a hold rating in a report on Monday, July 17th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $76.10.

Shares of Nasdaq (NASDAQ NDAQ) opened at 76.74 on Monday. The stock’s 50 day moving average is $75.31 and its 200 day moving average is $71.24. The company has a market capitalization of $12.80 billion, a P/E ratio of 58.31 and a beta of 0.77. Nasdaq has a 12 month low of $63.30 and a 12 month high of $77.75.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.06. The business had revenue of $602.00 million during the quarter, compared to the consensus estimate of $596.55 million. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.91 EPS. On average, equities analysts predict that Nasdaq will post $4.17 EPS for the current fiscal year.

WARNING: “Royal Bank Of Canada Reaffirms “Hold” Rating for Nasdaq, Inc. (NASDAQ:NDAQ)” was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this news story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The original version of this news story can be accessed at https://stocknewstimes.com/2017/09/21/nasdaq-inc-ndaq-earns-hold-rating-from-royal-bank-of-canada.html.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Thursday, September 14th. Nasdaq’s dividend payout ratio is presently 118.75%.

In other news, Director Lars Wedenborn sold 3,045 shares of the company’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $76.13, for a total transaction of $231,815.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Edward S. Knight sold 15,000 shares of the company’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $74.39, for a total value of $1,115,850.00. Following the sale, the insider now directly owns 78,063 shares of the company’s stock, valued at $5,807,106.57. The disclosure for this sale can be found here. Insiders sold 36,844 shares of company stock worth $2,788,100 over the last ninety days. 1.60% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Advisor Partners LLC purchased a new stake in Nasdaq in the 2nd quarter worth about $214,000. Nikko Asset Management Americas Inc. raised its stake in shares of Nasdaq by 1,325.8% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 126,900 shares of the financial services provider’s stock worth $9,072,000 after purchasing an additional 118,000 shares in the last quarter. Commerce Bank raised its stake in shares of Nasdaq by 1.9% during the 2nd quarter. Commerce Bank now owns 283,835 shares of the financial services provider’s stock worth $20,292,000 after purchasing an additional 5,401 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of Nasdaq during the 2nd quarter worth about $645,000. Finally, GAM Holding AG raised its stake in shares of Nasdaq by 0.7% during the 2nd quarter. GAM Holding AG now owns 28,766 shares of the financial services provider’s stock worth $2,056,000 after purchasing an additional 200 shares in the last quarter. 74.37% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Nasdaq (NASDAQ:NDAQ)

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

Latest News

Leave a Reply