Toronto Dominion Bank increased its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 14.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,242 shares of the financial services provider’s stock after purchasing an additional 5,610 shares during the period. Toronto Dominion Bank’s holdings in Nasdaq were worth $3,431,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in NDAQ. BT Investment Management Ltd acquired a new stake in shares of Nasdaq during the second quarter worth $97,982,000. Bessemer Group Inc. grew its stake in shares of Nasdaq by 43.5% during the second quarter. Bessemer Group Inc. now owns 2,332,475 shares of the financial services provider’s stock worth $166,749,000 after purchasing an additional 707,537 shares during the period. Sterling Capital Management LLC acquired a new stake in shares of Nasdaq during the second quarter worth $40,996,000. Robeco Institutional Asset Management B.V. grew its stake in shares of Nasdaq by 3,606.1% during the second quarter. Robeco Institutional Asset Management B.V. now owns 569,103 shares of the financial services provider’s stock worth $40,685,000 after purchasing an additional 553,747 shares during the period. Finally, Marshall Wace North America L.P. acquired a new stake in shares of Nasdaq during the second quarter worth $26,316,000. 75.82% of the stock is owned by institutional investors and hedge funds.
In other news, insider Pc Nelson Griggs sold 1,396 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $74.72, for a total transaction of $104,309.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is owned by corporate insiders.
Nasdaq, Inc. (NDAQ) opened at $76.89 on Tuesday. Nasdaq, Inc. has a 52 week low of $63.36 and a 52 week high of $78.31. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $12,670.00, a PE ratio of 18.39, a price-to-earnings-growth ratio of 2.12 and a beta of 0.76.
Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.04. The firm had revenue of $607.00 million during the quarter, compared to analysts’ expectations of $599.84 million. Nasdaq had a return on equity of 12.69% and a net margin of 6.72%. The company’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 earnings per share. equities research analysts predict that Nasdaq, Inc. will post 4.18 EPS for the current year.
The company 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 dividend of $0.38 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.98%. Nasdaq’s dividend payout ratio is currently 100.66%.
NDAQ has been the subject of a number of analyst reports. Keefe, Bruyette & Woods set a $76.00 price objective on Nasdaq and gave the stock a “hold” rating in a research note on Thursday, August 17th. Bank of America Corporation cut Nasdaq from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $77.00 to $75.00 in a research note on Monday, October 9th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $76.00 price objective on shares of Nasdaq in a research note on Monday, September 11th. BidaskClub raised Nasdaq from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Finally, Barclays PLC initiated coverage on Nasdaq in a research note on Friday, September 8th. They set an “overweight” rating and a $85.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $78.22.
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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