BNP Paribas Arbitrage SA decreased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 31.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 214,284 shares of the financial services provider’s stock after selling 98,614 shares during the quarter. BNP Paribas Arbitrage SA owned approximately 0.13% of Nasdaq worth $16,622,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC boosted its holdings in shares of Nasdaq by 13.9% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 178 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Nasdaq by 8.6% during the 2nd quarter. Pacer Advisors Inc. now owns 2,568 shares of the financial services provider’s stock valued at $184,000 after acquiring an additional 203 shares in the last quarter. Conning Inc. acquired a new stake in shares of Nasdaq during the 3rd quarter valued at $200,000. MML Investors Services LLC acquired a new stake in shares of Nasdaq during the 2nd quarter valued at $201,000. Finally, IFP Advisors Inc boosted its holdings in shares of Nasdaq by 9.4% during the 2nd quarter. IFP Advisors Inc now owns 2,837 shares of the financial services provider’s stock valued at $203,000 after acquiring an additional 243 shares in the last quarter. 76.09% of the stock is currently owned by institutional investors.
Shares of Nasdaq, Inc. (NDAQ) traded up $1.04 during trading hours on Monday, reaching $74.61. The company had a trading volume of 100,427 shares, compared to its average volume of 880,972. 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 quick ratio of 1.15 and a current ratio of 1.15. The company has a market cap of $12,229.27, a price-to-earnings ratio of 17.81, a P/E/G ratio of 2.06 and a beta of 0.76.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.04. Nasdaq had a return on equity of 12.69% and a net margin of 6.72%. The firm had revenue of $607.00 million during the quarter, compared to analyst estimates of $599.84 million. During the same period last year, the company posted $0.91 EPS. The business’s quarterly revenue was up 3.8% on a year-over-year basis. equities analysts anticipate that Nasdaq, Inc. will post 4.18 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Thursday, December 14th. Nasdaq’s dividend payout ratio (DPR) is presently 100.00%.
Several equities research analysts recently weighed in on the company. Royal Bank Of Canada set a $74.00 price objective on Nasdaq and gave the company a “hold” rating in a report on Monday, July 17th. Barclays PLC cut their price objective on Nasdaq from $85.00 to $84.00 and set an “overweight” rating on the stock in a report on Thursday, October 26th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $78.00 price objective on shares of Nasdaq in a report on Thursday, October 12th. Zacks Investment Research raised Nasdaq from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, Citigroup Inc. raised their price objective on Nasdaq from $75.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday, October 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $77.40.
In other news, Director Lars Wedenborn sold 3,045 shares of Nasdaq stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $76.13, for a total value of $231,815.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ann M. Dennison sold 1,170 shares of Nasdaq stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $76.32, for a total value of $89,294.40. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.
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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