Quadrant Capital Group LLC lessened its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ – Free 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
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:NDAQ – Get 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, 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.
- Five stocks we like better than Nasdaq
- Investing in Blue-Chip Stocks
- Safeguard your portfolio with these three bargain stocks
- Why Invest in High-Yield Dividend Stocks?
- Membership clubs gain leverage for the consumer rebound
- Stock Dividend Cuts Happen Are You Ready?
- Advanced Auto Parts may be worth more in pieces than the whole
Receive News & Ratings for Nasdaq Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq and related companies with MarketBeat.com's FREE daily email newsletter.