Guggenheim Capital LLC lessened its position in shares of Nasdaq Inc (NASDAQ:NDAQ) by 3.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 530,583 shares of the financial services provider’s stock after selling 19,327 shares during the quarter. Guggenheim Capital LLC owned approximately 0.32% of Nasdaq worth $40,765,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Deutsche Bank AG increased its position in Nasdaq by 41.7% during the 4th quarter. Deutsche Bank AG now owns 2,100,466 shares of the financial services provider’s stock valued at $161,374,000 after purchasing an additional 618,137 shares during the period. Brandywine Global Investment Management LLC increased its position in Nasdaq by 2.8% during the 4th quarter. Brandywine Global Investment Management LLC now owns 125,364 shares of the financial services provider’s stock valued at $9,632,000 after purchasing an additional 3,471 shares during the period. Jefferies Group LLC acquired a new stake in Nasdaq during the 4th quarter valued at approximately $5,050,000. AMP Capital Investors Ltd increased its position in Nasdaq by 41.1% during the 4th quarter. AMP Capital Investors Ltd now owns 76,905 shares of the financial services provider’s stock valued at $5,907,000 after purchasing an additional 22,411 shares during the period. Finally, Thrivent Financial For Lutherans increased its position in Nasdaq by 20.2% during the 4th quarter. Thrivent Financial For Lutherans now owns 73,390 shares of the financial services provider’s stock valued at $5,639,000 after purchasing an additional 12,330 shares during the period. 76.48% of the stock is owned by institutional investors and hedge funds.
In related news, insider Bradley J. Peterson sold 19,169 shares of the stock in a transaction on Friday, January 12th. The stock was sold at an average price of $80.70, for a total value of $1,546,938.30. Following the transaction, the insider now directly owns 32,214 shares in the company, valued at approximately $2,599,669.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Charlene T. Begley sold 4,017 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $81.37, for a total value of $326,863.29. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,837 shares of company stock valued at $3,442,932. Insiders own 1.60% of the company’s stock.
Shares of Nasdaq stock opened at $83.97 on Monday. The company has a market cap of $13,986.01, a P/E ratio of 19.85, a PEG ratio of 1.79 and a beta of 0.70. Nasdaq Inc has a 52-week low of $65.98 and a 52-week high of $87.00. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.63.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.00 by $0.05. The company had revenue of $635.00 million during the quarter, compared to the consensus estimate of $628.36 million. Nasdaq had a net margin of 18.49% and a return on equity of 12.75%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.95 EPS. research analysts expect that Nasdaq Inc will post 4.82 earnings per share for the current year.
Nasdaq declared that its Board of Directors has initiated a share repurchase program on Monday, January 29th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Thursday, March 15th. Nasdaq’s dividend payout ratio (DPR) is 35.19%.
A number of research firms have weighed in on NDAQ. UBS reissued a “buy” rating and set a $100.00 target price (up previously from $97.00) on shares of Nasdaq in a research report on Tuesday, March 6th. ValuEngine downgraded shares of Nasdaq from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. BidaskClub downgraded shares of Nasdaq from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th. Zacks Investment Research raised shares of Nasdaq from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Wednesday, January 10th. Finally, Wells Fargo reissued a “market perform” rating and set a $83.00 target price (up previously from $77.00) on shares of Nasdaq in a research report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $84.23.
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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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