Quadrant Capital Group LLC Cuts Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Quadrant Capital Group LLC lessened its position in shares of Nasdaq, Inc. (NASDAQ:NDAQFree Report) by 10.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,100 shares of the financial services provider’s stock after selling 365 shares during the quarter. Quadrant Capital Group LLC’s holdings in Nasdaq were worth $155,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NDAQ. RB Capital Management LLC boosted its position in shares of Nasdaq by 15.9% in the 1st quarter. RB Capital Management LLC now owns 3,264 shares of the financial services provider’s stock worth $582,000 after purchasing an additional 448 shares in the last quarter. American Century Companies Inc. boosted its holdings in Nasdaq by 10.2% in the first quarter. American Century Companies Inc. now owns 2,209 shares of the financial services provider’s stock worth $394,000 after acquiring an additional 205 shares in the last quarter. Raymond James Trust N.A. grew its stake in shares of Nasdaq by 14.1% during the first quarter. Raymond James Trust N.A. now owns 3,932 shares of the financial services provider’s stock worth $701,000 after acquiring an additional 487 shares during the last quarter. Sei Investments Co. raised its position in shares of Nasdaq by 8.4% in the 1st quarter. Sei Investments Co. now owns 136,395 shares of the financial services provider’s stock valued at $24,319,000 after purchasing an additional 10,623 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its position in shares of Nasdaq by 32.0% in the 1st quarter. Allianz Asset Management GmbH now owns 316,344 shares of the financial services provider’s stock valued at $56,373,000 after purchasing an additional 76,603 shares during the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Transactions at Nasdaq

In other news, Director Johan Torgeby acquired 14,000 shares of Nasdaq stock in a transaction that occurred on Monday, October 23rd. The stock was purchased at an average cost of $50.42 per share, with a total value of $705,880.00. Following the purchase, the director now owns 22,466 shares in the company, valued at $1,132,735.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NDAQ shares. Oppenheimer restated an “outperform” rating and set a $65.00 price target on shares of Nasdaq in a research note on Thursday, October 19th. JPMorgan Chase & Co. lifted their price target on Nasdaq from $62.00 to $63.00 and gave the stock an “overweight” rating in a research report on Thursday, October 19th. Morgan Stanley raised their price objective on Nasdaq from $54.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 19th. Rosenblatt Securities reiterated a “buy” rating and issued a $82.00 price target on shares of Nasdaq in a report on Thursday, October 19th. Finally, StockNews.com downgraded shares of Nasdaq from a “hold” rating to a “sell” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $61.09.

View Our Latest Report on Nasdaq

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $54.14 on Tuesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.75 and a current ratio of 1.75. The firm has a fifty day moving average of $50.25 and a 200 day moving average of $51.44. The firm has a market cap of $31.24 billion, a PE ratio of 24.28, a PEG ratio of 5.57 and a beta of 0.94. Nasdaq, Inc. has a one year low of $46.88 and a one year high of $69.22.

Nasdaq (NASDAQ:NDAQGet Free Report) last released its earnings results on Wednesday, October 18th. The financial services provider reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The business had revenue of $940.00 million during the quarter, compared to analysts’ expectations of $931.14 million. Nasdaq had a net margin of 18.40% and a return on equity of 21.62%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.68 earnings per share. As a group, research analysts predict that Nasdaq, Inc. will post 2.78 EPS for the current fiscal year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be given a $0.22 dividend. The ex-dividend date is Thursday, December 7th. This represents a $0.88 annualized dividend and a dividend yield of 1.63%. Nasdaq’s dividend payout ratio (DPR) is presently 39.46%.

Nasdaq Profile

(Free Report)

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Market Platforms, Capital Access Platforms, and Anti-Financial Crime. The Market Platforms segment trading services, including equity derivative trading and clearing, cash equity trading, fixed income and commodities trading and clearing, and trade management service businesses.

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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