Nasdaq, Inc. (NASDAQ:NDAQ) Stake Raised by Benjamin Edwards Inc.

Benjamin Edwards Inc. grew its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 2,143.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 401,235 shares of the financial services provider’s stock after purchasing an additional 383,354 shares during the period. Benjamin Edwards Inc. owned approximately 0.07% of Nasdaq worth $29,295,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Citizens Financial Group Inc. RI boosted its holdings in Nasdaq by 3.6% during the third quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider’s stock worth $290,000 after buying an additional 137 shares in the last quarter. First Pacific Financial boosted its stake in shares of Nasdaq by 1.0% during the 3rd quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock worth $1,011,000 after acquiring an additional 142 shares in the last quarter. Crestwood Advisors Group LLC grew its holdings in shares of Nasdaq by 4.2% in the 3rd quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 149 shares during the last quarter. Kentucky Retirement Systems raised its position in shares of Nasdaq by 0.5% during the third quarter. Kentucky Retirement Systems now owns 28,828 shares of the financial services provider’s stock worth $2,105,000 after purchasing an additional 154 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of Nasdaq by 2.5% during the third quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 162 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NDAQ. Royal Bank of Canada restated an “outperform” rating and set a $88.00 price objective on shares of Nasdaq in a report on Tuesday, November 19th. Morgan Stanley upped their price target on shares of Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. William Blair began coverage on shares of Nasdaq in a research report on Monday, November 25th. They set an “outperform” rating on the stock. UBS Group boosted their target price on shares of Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Nasdaq from $78.00 to $80.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Nasdaq presently has an average rating of “Moderate Buy” and a consensus target price of $80.87.

Nasdaq Trading Down 0.1 %

NASDAQ:NDAQ opened at $82.99 on Monday. The company has a market capitalization of $47.70 billion, a P/E ratio of 49.69, a P/E/G ratio of 3.23 and a beta of 0.95. The stock’s 50 day moving average price is $76.02 and its 200 day moving average price is $68.87. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. Nasdaq, Inc. has a 52 week low of $53.62 and a 52 week high of $83.77.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. Nasdaq’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 EPS. On average, research analysts forecast that Nasdaq, Inc. will post 2.79 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 annualized dividend and a dividend yield of 1.16%. Nasdaq’s dividend payout ratio (DPR) is presently 57.49%.

Insider Activity

In related news, EVP Bradley J. Peterson sold 13,642 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $75.32, for a total value of $1,027,515.44. Following the transaction, the executive vice president now directly owns 142,830 shares in the company, valued at approximately $10,757,955.60. This trade represents a 8.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Jeremy Skule sold 12,075 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $78.75, for a total transaction of $950,906.25. Following the transaction, the executive vice president now directly owns 102,505 shares of the company’s stock, valued at approximately $8,072,268.75. This represents a 10.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,459 shares of company stock valued at $3,811,808. Insiders own 0.70% of the company’s stock.

Nasdaq Profile

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.