DekaBank Deutsche Girozentrale decreased its position in shares of Nasdaq Inc (NASDAQ:NDAQ) by 28.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,252 shares of the financial services provider’s stock after selling 4,106 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Nasdaq were worth $1,116,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. CWM LLC increased its position in Nasdaq by 71.2% during the 3rd quarter. CWM LLC now owns 250 shares of the financial services provider’s stock worth $25,000 after buying an additional 104 shares during the period. Whittier Trust Co. increased its position in Nasdaq by 1,261.5% during the 3rd quarter. Whittier Trust Co. now owns 354 shares of the financial services provider’s stock worth $35,000 after buying an additional 328 shares during the period. Valeo Financial Advisors LLC bought a new position in Nasdaq during the 4th quarter worth $35,000. Global Retirement Partners LLC increased its position in shares of Nasdaq by 140.1% in the fourth quarter. Global Retirement Partners LLC now owns 857 shares of the financial services provider’s stock worth $92,000 after purchasing an additional 500 shares during the period. Finally, KCS Wealth Advisory bought a new position in shares of Nasdaq in the third quarter worth $94,000. Hedge funds and other institutional investors own 75.54% of the company’s stock.
A number of brokerages recently commented on NDAQ. Wells Fargo & Co raised their price target on Nasdaq from $111.00 to $122.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 14th. They noted that the move was a valuation call. UBS Group cut Nasdaq from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $113.00 to $107.00 in a research report on Friday, October 25th. BidaskClub cut Nasdaq from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. Credit Suisse Group began coverage on Nasdaq in a research report on Monday, December 16th. They issued an “outperform” rating on the stock. Finally, Deutsche Bank decreased their price target on Nasdaq from $125.00 to $124.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Nasdaq currently has a consensus rating of “Hold” and an average target price of $106.75.
Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $1.29 EPS for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.02. The company had revenue of $646.00 million for the quarter, compared to analysts’ expectations of $641.65 million. Nasdaq had a return on equity of 15.16% and a net margin of 18.15%. Nasdaq’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the business earned $1.26 earnings per share. Equities research analysts forecast that Nasdaq Inc will post 5.43 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Thursday, March 12th. Nasdaq’s dividend payout ratio (DPR) is presently 37.60%.
Nasdaq Company Profile
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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