Commonwealth Bank of Australia grew its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 15.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 15,226 shares of the financial services provider’s stock after acquiring an additional 2,000 shares during the period. Commonwealth Bank of Australia’s holdings in Nasdaq were worth $1,176,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the company. WINTON GROUP Ltd raised its stake in Nasdaq by 709.7% during the third quarter. WINTON GROUP Ltd now owns 35,085 shares of the financial services provider’s stock worth $2,722,000 after buying an additional 30,752 shares during the last quarter. Investec Asset Management LTD bought a new position in Nasdaq during the third quarter worth $9,979,000. Wells Fargo & Company MN raised its stake in Nasdaq by 29.3% during the third quarter. Wells Fargo & Company MN now owns 572,956 shares of the financial services provider’s stock worth $44,444,000 after buying an additional 129,716 shares during the last quarter. Zeke Capital Advisors LLC bought a new position in Nasdaq during the third quarter worth $241,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Nasdaq by 12.1% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,495 shares of the financial services provider’s stock worth $737,000 after buying an additional 1,028 shares during the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.
NDAQ has been the subject of a number of analyst reports. Keefe, Bruyette & Woods set a $76.00 target price on shares of Nasdaq and gave the stock a “hold” rating in a research note on Thursday, August 17th. Barclays started coverage on shares of Nasdaq in a research note on Friday, September 8th. They issued an “overweight” rating and a $85.00 price target for the company. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $76.00 price target on shares of Nasdaq in a research note on Monday, September 11th. Bank of America downgraded shares of Nasdaq from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $77.00 to $75.00 in a research note on Monday, October 9th. Finally, Zacks Investment Research downgraded shares of Nasdaq from a “hold” rating to a “sell” rating in a research note on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $78.22.
In other news, EVP Pc Nelson Griggs sold 2,064 shares of Nasdaq stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $76.58, for a total transaction of $158,061.12. The sale 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 company insiders.
Shares of Nasdaq, Inc. (NASDAQ:NDAQ) opened at $78.51 on Wednesday. Nasdaq, Inc. has a 52 week low of $64.75 and a 52 week high of $80.00. 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 firm has a market cap of $13,120.24, a price-to-earnings ratio of 19.11, a price-to-earnings-growth ratio of 2.21 and a beta of 0.78.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.04. Nasdaq had a net margin of 6.72% and a return on equity of 12.69%. The firm had revenue of $607.00 million during the quarter, compared to the consensus estimate of $599.84 million. During the same period in the previous year, the firm posted $0.91 earnings per share. The business’s revenue was up 3.8% compared to the same quarter last year. equities research analysts predict that Nasdaq, Inc. will post 4.18 EPS for the current 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 issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Thursday, December 14th. Nasdaq’s dividend payout ratio is currently 100.00%.
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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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