Citigroup Inc. Raises Nasdaq, Inc. (NDAQ) Price Target to $82.00

Nasdaq, Inc. (NASDAQ:NDAQ) had its target price lifted by Citigroup Inc. from $75.00 to $82.00 in a research note published on Thursday morning. Citigroup Inc. currently has a neutral rating on the financial services provider’s stock.

A number of other brokerages have also recently issued reports on NDAQ. BidaskClub cut Nasdaq from a hold rating to a sell rating in a research note on Friday, June 23rd. Jefferies Group LLC reiterated a hold rating and set a $71.00 price objective (up previously from $68.00) on shares of Nasdaq in a research note on Monday, July 17th. Zacks Investment Research upgraded Nasdaq from a sell rating to a hold rating in a research note on Monday, July 17th. Royal Bank Of Canada set a $74.00 price objective on Nasdaq and gave the stock a hold rating in a research note on Monday, July 17th. Finally, UBS AG reiterated a buy rating and set a $85.00 price objective (up previously 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 five have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $77.50.

Shares of Nasdaq (NASDAQ:NDAQ) traded down 0.03% during trading on Thursday, reaching $72.92. 1,934,448 shares of the company traded hands. The stock has a market cap of $12.16 billion, a P/E ratio of 55.41 and a beta of 0.77. Nasdaq has a 12 month low of $63.30 and a 12 month high of $78.31. The stock’s 50 day moving average price is $75.42 and its 200-day moving average price is $72.14.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.06. The firm had revenue of $602.00 million for the quarter, compared to analysts’ expectations of $596.55 million. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.91 EPS. On average, equities research analysts expect that Nasdaq will post $4.16 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Citigroup Inc. Raises Nasdaq, Inc. (NDAQ) Price Target to $82.00” was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark laws. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/22/citigroup-inc-raises-nasdaq-inc-ndaq-price-target-to-82-00.html.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date was Thursday, September 14th. Nasdaq’s payout ratio is presently 118.75%.

In related news, insider Edward S. Knight sold 14,629 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $76.74, for a total transaction of $1,122,629.46. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Edward S. Knight sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $74.39, for a total value of $1,115,850.00. Following the transaction, the insider now directly owns 78,063 shares in the company, valued at $5,807,106.57. The disclosure for this sale can be found here. Insiders have sold a total of 36,844 shares of company stock worth $2,788,100 over the last three months. 1.60% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of NDAQ. BT Investment Management Ltd acquired a new position in shares of Nasdaq during the 2nd quarter worth approximately $97,982,000. NN Investment Partners Holdings N.V. increased its holdings in shares of Nasdaq by 26,658.6% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 1,178,181 shares of the financial services provider’s stock worth $84,227,000 after acquiring an additional 1,173,778 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Nasdaq by 43.5% during the 2nd quarter. Bessemer Group Inc. now owns 2,332,475 shares of the financial services provider’s stock worth $166,749,000 after acquiring an additional 707,537 shares during the last quarter. Sterling Capital Management LLC acquired a new position in shares of Nasdaq during the 2nd quarter worth approximately $40,996,000. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Nasdaq by 3,606.1% during the 2nd quarter. Robeco Institutional Asset Management B.V. now

A number of other brokerages have also recently issued reports on NDAQ. BidaskClub cut Nasdaq from a hold rating to a sell rating in a research note on Friday, June 23rd. Jefferies Group LLC reiterated a hold rating and set a $71.00 price objective (up previously from $68.00) on shares of Nasdaq in a research note on Monday, July 17th. Zacks Investment Research upgraded Nasdaq from a sell rating to a hold rating in a research note on Monday, July 17th. Royal Bank Of Canada set a $74.00 price objective on Nasdaq and gave the stock a hold rating in a research note on Monday, July 17th. Finally, UBS AG reiterated a buy rating and set a $85.00 price objective (up previously 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 five have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $77.50.

Shares of Nasdaq (NASDAQ:NDAQ) traded down 0.03% during trading on Thursday, reaching $72.92. 1,934,448 shares of the company traded hands. The stock has a market cap of $12.16 billion, a P/E ratio of 55.41 and a beta of 0.77. Nasdaq has a 12 month low of $63.30 and a 12 month high of $78.31. The stock’s 50 day moving average price is $75.42 and its 200-day moving average price is $72.14.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.06. The firm had revenue of $602.00 million for the quarter, compared to analysts’ expectations of $596.55 million. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.91 EPS. On average, equities research analysts expect that Nasdaq will post $4.16 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Citigroup Inc. Raises Nasdaq, Inc. (NDAQ) Price Target to $82.00” was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark laws. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/22/citigroup-inc-raises-nasdaq-inc-ndaq-price-target-to-82-00.html.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date was Thursday, September 14th. Nasdaq’s payout ratio is presently 118.75%.

In related news, insider Edward S. Knight sold 14,629 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $76.74, for a total transaction of $1,122,629.46. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Edward S. Knight sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $74.39, for a total value of $1,115,850.00. Following the transaction, the insider now directly owns 78,063 shares in the company, valued at $5,807,106.57. The disclosure for this sale can be found here. Insiders have sold a total of 36,844 shares of company stock worth $2,788,100 over the last three months. 1.60% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of NDAQ. BT Investment Management Ltd acquired a new position in shares of Nasdaq during the 2nd quarter worth approximately $97,982,000. NN Investment Partners Holdings N.V. increased its holdings in shares of Nasdaq by 26,658.6% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 1,178,181 shares of the financial services provider’s stock worth $84,227,000 after acquiring an additional 1,173,778 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Nasdaq by 43.5% during the 2nd quarter. Bessemer Group Inc. now owns 2,332,475 shares of the financial services provider’s stock worth $166,749,000 after acquiring an additional 707,537 shares during the last quarter. Sterling Capital Management LLC acquired a new position in shares of Nasdaq during the 2nd quarter worth approximately $40,996,000. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Nasdaq by 3,606.1% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 569,103 shares of the financial services provider’s stock worth $40,685,000 after acquiring an additional 553,747 shares during the last quarter. 74.44% of the stock is currently owned by institutional investors and hedge funds.

About Nasdaq

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)

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