Benjamin F. Edwards & Company Inc. decreased its holdings in shares of Nasdaq Inc (NASDAQ:NDAQ) by 9.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,601 shares of the financial services provider’s stock after selling 1,783 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Nasdaq were worth $1,749,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Benjamin Edwards Inc. grew its stake in Nasdaq by 13.5% in the third quarter. Benjamin Edwards Inc. now owns 1,002 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 119 shares in the last quarter. First Trust Advisors LP grew its stake in Nasdaq by 34.0% in the third quarter. First Trust Advisors LP now owns 502,239 shares of the financial services provider’s stock valued at $49,897,000 after purchasing an additional 127,342 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Nasdaq by 22.6% in the third quarter. Daiwa Securities Group Inc. now owns 5,310 shares of the financial services provider’s stock valued at $528,000 after purchasing an additional 978 shares in the last quarter. Sloane Robinson LLP grew its stake in Nasdaq by 20.5% in the third quarter. Sloane Robinson LLP now owns 108,300 shares of the financial services provider’s stock valued at $10,760,000 after purchasing an additional 18,400 shares in the last quarter. Finally, First Mercantile Trust Co. grew its stake in Nasdaq by 18.8% in the third quarter. First Mercantile Trust Co. now owns 3,020 shares of the financial services provider’s stock valued at $300,000 after purchasing an additional 477 shares in the last quarter. Institutional investors and hedge funds own 75.61% of the company’s stock.
Shares of NASDAQ NDAQ traded up $0.73 during trading hours on Wednesday, hitting $105.21. 578,853 shares of the company’s stock were exchanged, compared to its average volume of 738,867. Nasdaq Inc has a 1-year low of $75.49 and a 1-year high of $106.23. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.89. The stock has a market capitalization of $17.26 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 2.74 and a beta of 0.64. The company’s 50-day moving average price is $101.33 and its 200-day moving average price is $98.75.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.06. Nasdaq had a return on equity of 15.22% and a net margin of 12.16%. The business had revenue of $632.00 million during the quarter, compared to analysts’ expectations of $627.44 million. During the same quarter in the previous year, the firm earned $1.13 EPS. The firm’s revenue was up 5.3% compared to the same quarter last year. On average, research analysts expect that Nasdaq Inc will post 4.97 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.88 annualized dividend and a dividend yield of 1.79%. Nasdaq’s dividend payout ratio is presently 38.84%.
NDAQ has been the subject of a number of analyst reports. BidaskClub cut Nasdaq from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. UBS Group cut Nasdaq from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $113.00 to $107.00 in a research report on Friday, October 25th. Deutsche Bank boosted their price target on Nasdaq from $110.00 to $111.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Oppenheimer initiated coverage on Nasdaq in a research report on Monday, September 16th. They issued an “outperform” rating and a $111.00 price target for the company. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $102.44.
In related news, EVP Pc Nelson Griggs sold 1,444 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $101.09, for a total transaction of $145,973.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.50% of the stock is currently owned by insiders.
Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.
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