Commerce Bank lifted its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 3.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 293,028 shares of the financial services provider’s stock after acquiring an additional 9,193 shares during the period. Commerce Bank owned 0.18% of Nasdaq worth $22,730,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. YorkBridge Wealth Partners LLC lifted its stake in Nasdaq by 13.9% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 178 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Nasdaq by 8.6% during the second quarter. Pacer Advisors Inc. now owns 2,568 shares of the financial services provider’s stock valued at $184,000 after purchasing an additional 203 shares during the last quarter. Conning Inc. acquired a new stake in Nasdaq during the third quarter valued at approximately $200,000. MML Investors Services LLC acquired a new stake in Nasdaq during the second quarter valued at approximately $201,000. Finally, IFP Advisors Inc lifted its stake in Nasdaq by 9.4% during the second quarter. IFP Advisors Inc now owns 2,837 shares of the financial services provider’s stock valued at $203,000 after purchasing an additional 243 shares during the last quarter. 76.09% of the stock is owned by institutional investors.
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In other Nasdaq news, insider Ann M. Dennison sold 1,170 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $76.32, for a total value of $89,294.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Lars Wedenborn sold 3,045 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $76.13, for a total transaction of $231,815.85. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,611 shares of company stock worth $425,419. Company insiders own 1.60% of the company’s stock.
Nasdaq, Inc. (NASDAQ:NDAQ) traded down $0.04 during mid-day trading on Thursday, hitting $75.93. 1,292,200 shares of the stock were exchanged, compared to its average volume of 885,826. Nasdaq, Inc. has a twelve month low of $63.36 and a twelve month high of $78.31. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market capitalization of $12,700.00, a price-to-earnings ratio of 18.40, a P/E/G ratio of 2.12 and a beta of 0.76.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.04. The firm had revenue of $607.00 million for the quarter, compared to analyst estimates of $599.84 million. Nasdaq had a net margin of 6.72% and a return on equity of 12.69%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 EPS. equities research analysts predict that Nasdaq, Inc. will post 4.2 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a $0.38 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.52 annualized dividend and a yield of 2.00%. Nasdaq’s dividend payout ratio is presently 100.66%.
NDAQ has been the subject of several recent research reports. Keefe, Bruyette & Woods set a $76.00 target price on shares of Nasdaq and gave the company a “hold” rating in a research note on Thursday, August 17th. Barclays PLC initiated coverage on shares of Nasdaq in a research note on Friday, September 8th. They set an “overweight” rating and a $85.00 target price for the company. Royal Bank Of Canada reissued a “hold” rating and set a $76.00 target price on shares of Nasdaq in a research note on Monday, September 11th. Bank of America Corporation lowered shares of Nasdaq from a “neutral” rating to an “underperform” rating and cut their target price for the company from $77.00 to $75.00 in a research note on Monday, October 9th. Finally, UBS AG reissued a “buy” rating and set a $85.00 target price (up from $80.00) on shares of Nasdaq in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. Nasdaq presently has an average rating of “Hold” and an average price target of $77.40.
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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