Global Financial Private Capital LLC Buys New Stake in Nasdaq Inc (NDAQ)

Global Financial Private Capital LLC bought a new position in shares of Nasdaq Inc (NASDAQ:NDAQ) during the fourth quarter, Holdings Channel reports. The institutional investor bought 13,045 shares of the financial services provider’s stock, valued at approximately $1,002,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kornitzer Capital Management Inc. KS lifted its position in shares of Nasdaq by 2.7% during the third quarter. Kornitzer Capital Management Inc. KS now owns 334,786 shares of the financial services provider’s stock worth $25,969,000 after purchasing an additional 8,695 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of Nasdaq by 32.8% in the third quarter. Teacher Retirement System of Texas now owns 167,237 shares of the financial services provider’s stock worth $12,973,000 after buying an additional 41,323 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of Nasdaq by 14.5% in the third quarter. Toronto Dominion Bank now owns 44,242 shares of the financial services provider’s stock worth $3,431,000 after buying an additional 5,610 shares during the last quarter. BB&T Corp increased its stake in shares of Nasdaq by 35.7% in the third quarter. BB&T Corp now owns 89,849 shares of the financial services provider’s stock worth $6,969,000 after buying an additional 23,629 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its stake in shares of Nasdaq by 6.6% in the third quarter. Handelsbanken Fonder AB now owns 645,200 shares of the financial services provider’s stock worth $50,048,000 after buying an additional 40,000 shares during the last quarter. 76.49% of the stock is currently owned by institutional investors and hedge funds.

In other Nasdaq news, Director Charlene T. Begley sold 4,017 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $81.37, for a total transaction of $326,863.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Pc Nelson Griggs sold 2,064 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $76.58, for a total transaction of $158,061.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,701 shares of company stock valued at $2,552,781. 1.60% of the stock is owned by insiders.

A number of brokerages recently issued reports on NDAQ. Zacks Investment Research lowered shares of Nasdaq from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Bank of America lifted their price target on shares of Nasdaq from $79.00 to $82.00 and gave the stock an “underperform” rating in a research note on Thursday, February 1st. Jefferies Group restated a “hold” rating and issued a $83.50 price target on shares of Nasdaq in a research note on Tuesday, January 16th. BidaskClub upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. Finally, Wells Fargo & Co upgraded shares of Nasdaq from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $83.00 to $85.00 in a research note on Monday, February 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $82.05.

Shares of Nasdaq Inc (NASDAQ NDAQ) opened at $79.02 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.15 and a debt-to-equity ratio of 0.63. Nasdaq Inc has a 12 month low of $65.98 and a 12 month high of $83.29. The firm has a market cap of $13,135.18, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 1.69 and a beta of 0.71.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, January 31st. The financial services provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.05. Nasdaq had a net margin of 18.49% and a return on equity of 12.75%. The firm had revenue of $635.00 million during the quarter, compared to analyst estimates of $628.36 million. During the same quarter in the previous year, the firm earned $0.95 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. equities research analysts forecast that Nasdaq Inc will post 4.8 EPS for the current year.

Nasdaq declared that its Board of Directors has initiated a stock repurchase plan on Monday, January 29th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $1.52 annualized dividend and a yield of 1.92%. Nasdaq’s payout ratio is 35.19%.

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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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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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