Daiwa Securities Group Inc. Raises Position in Nasdaq Inc (NDAQ)

Daiwa Securities Group Inc. boosted its holdings in shares of Nasdaq Inc (NASDAQ:NDAQ) by 14.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 4,722 shares of the financial services provider’s stock after purchasing an additional 600 shares during the period. Daiwa Securities Group Inc.’s holdings in Nasdaq were worth $431,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. BP PLC grew its holdings in shares of Nasdaq by 514.3% during the second quarter. BP PLC now owns 86,000 shares of the financial services provider’s stock worth $7,849,000 after buying an additional 72,000 shares in the last quarter. First National Trust Co lifted its position in shares of Nasdaq by 5.4% during the second quarter. First National Trust Co now owns 28,527 shares of the financial services provider’s stock worth $2,604,000 after purchasing an additional 1,474 shares in the last quarter. Cypress Asset Management Inc. TX acquired a new position in shares of Nasdaq during the second quarter worth $1,658,000. Piedmont Investment Advisors LLC acquired a new position in shares of Nasdaq during the second quarter worth $125,000. Finally, Svenska Handelsbanken AB publ lifted its position in shares of Nasdaq by 32.3% during the second quarter. Svenska Handelsbanken AB publ now owns 21,700 shares of the financial services provider’s stock worth $1,981,000 after purchasing an additional 5,300 shares in the last quarter. Institutional investors own 75.70% of the company’s stock.

In other Nasdaq news, insider Bradley J. Peterson sold 1,500 shares of the stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $93.34, for a total transaction of $140,010.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.40% of the company’s stock.

Shares of NDAQ traded up $0.94 during trading hours on Friday, reaching $95.44. The company’s stock had a trading volume of 806,800 shares, compared to its average volume of 924,444. The company has a market capitalization of $15.64 billion, a price-to-earnings ratio of 23.51, a P/E/G ratio of 2.06 and a beta of 0.71. Nasdaq Inc has a 1-year low of $71.65 and a 1-year high of $96.19. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.93 and a quick ratio of 0.93.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, July 25th. The financial services provider reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.01. Nasdaq had a return on equity of 13.40% and a net margin of 18.13%. The company had revenue of $615.00 million for the quarter, compared to the consensus estimate of $620.25 million. During the same quarter in the prior year, the company earned $1.02 EPS. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. equities research analysts expect that Nasdaq Inc will post 4.82 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be issued a dividend of $0.44 per share. The ex-dividend date is Thursday, September 13th. This represents a $1.76 annualized dividend and a yield of 1.84%. Nasdaq’s dividend payout ratio (DPR) is presently 43.35%.

Several analysts recently issued reports on NDAQ shares. Citigroup upped their price target on shares of Nasdaq from $89.00 to $95.00 and gave the company a “$95.59” rating in a report on Wednesday, July 18th. Wells Fargo & Co reiterated a “buy” rating and set a $104.00 target price on shares of Nasdaq in a research note on Friday, June 22nd. Zacks Investment Research upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a research note on Tuesday, June 12th. BidaskClub lowered shares of Nasdaq from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 27th. Finally, UBS Group upped their price target on shares of Nasdaq from $101.00 to $107.00 and gave the stock a “buy” rating in a research report on Thursday, July 26th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $93.71.

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.

See Also: Market Capitalization in the Stock Market

Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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