LGT Capital Partners LTD. increased its holdings in shares of Nasdaq Inc (NASDAQ:NDAQ) by 11.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 221,110 shares of the financial services provider’s stock after acquiring an additional 22,370 shares during the quarter. LGT Capital Partners LTD. owned about 0.13% of Nasdaq worth $16,988,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of NDAQ. BT Investment Management Ltd acquired a new position in Nasdaq during the second quarter worth about $97,982,000. Sterling Capital Management LLC purchased a new position in Nasdaq during the second quarter worth about $40,996,000. Ardevora Asset Management LLP purchased a new position in Nasdaq during the third quarter worth about $35,504,000. American Century Companies Inc. purchased a new position in Nasdaq during the third quarter worth about $19,865,000. Finally, Perpetual Ltd raised its stake in Nasdaq by 132.4% during the second quarter. Perpetual Ltd now owns 437,421 shares of the financial services provider’s stock worth $31,271,000 after purchasing an additional 249,201 shares during the period. Hedge funds and other institutional investors own 75.74% of the company’s stock.
In other news, EVP Pc Nelson Griggs sold 2,064 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $76.58, for a total value of $158,061.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.60% of the stock is currently owned by insiders.
NDAQ has been the topic of a number of analyst reports. Bank of America downgraded shares of Nasdaq from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $77.00 to $75.00 in a research note on Monday, October 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $78.00 target price on shares of Nasdaq in a research note on Thursday, October 12th. Zacks Investment Research downgraded shares of Nasdaq from a “hold” rating to a “sell” rating in a research note on Monday, October 9th. Citigroup lifted their target price on shares of Nasdaq from $75.00 to $82.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. Finally, Barclays reduced their target price on shares of Nasdaq from $85.00 to $84.00 and set an “overweight” rating on the stock in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $80.09.
Nasdaq Inc (NDAQ) traded up $1.06 during trading on Thursday, hitting $81.23. 929,500 shares of the stock were exchanged, compared to its average volume of 919,786. The stock has a market cap of $13,450.00, a P/E ratio of 53.79, a price-to-earnings-growth ratio of 2.06 and a beta of 0.79. Nasdaq Inc has a twelve month low of $65.98 and a twelve month high of $81.38. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.63.
Nasdaq (NASDAQ:NDAQ) last released its quarterly 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 business had revenue of $607.00 million for the quarter, compared to the consensus estimate of $599.84 million. Nasdaq had a net margin of 6.72% and a return on equity of 12.69%. The business’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 EPS. equities research analysts forecast that Nasdaq Inc will post 4.18 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Thursday, December 14th. Nasdaq’s dividend payout ratio (DPR) is 100.66%.
TRADEMARK VIOLATION WARNING: This article was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another site, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The correct version of this article can be viewed at https://ledgergazette.com/2018/01/11/lgt-capital-partners-ltd-acquires-22370-shares-of-nasdaq-inc-ndaq.html.
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.
Want to see what other hedge funds are holding NDAQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nasdaq Inc (NASDAQ:NDAQ).
Receive News & Ratings for Nasdaq Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq and related companies with MarketBeat.com's FREE daily email newsletter.