First Republic Investment Management Inc. lifted its holdings in Nasdaq Inc (NASDAQ:NDAQ) by 2.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,796 shares of the financial services provider’s stock after purchasing an additional 223 shares during the quarter. First Republic Investment Management Inc.’s holdings in Nasdaq were worth $682,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. boosted its stake in Nasdaq by 6.4% during the first quarter. Cullen Frost Bankers Inc. now owns 235,003 shares of the financial services provider’s stock valued at $20,477,000 after buying an additional 14,032 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Nasdaq by 34.7% during the first quarter. Janney Montgomery Scott LLC now owns 4,983 shares of the financial services provider’s stock valued at $436,000 after buying an additional 1,283 shares in the last quarter. Dupont Capital Management Corp bought a new position in Nasdaq during the first quarter valued at about $96,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in Nasdaq during the first quarter valued at about $419,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Nasdaq by 1.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,668 shares of the financial services provider’s stock valued at $1,896,000 after buying an additional 239 shares in the last quarter. 75.65% of the stock is owned by institutional investors.
NASDAQ:NDAQ opened at $91.17 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.84 and a quick ratio of 0.84. Nasdaq Inc has a 1-year low of $75.49 and a 1-year high of $96.84. The firm has a market capitalization of $15.07 billion, a P/E ratio of 18.84, a P/E/G ratio of 2.30 and a beta of 0.64.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $1.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.05. Nasdaq had a return on equity of 14.60% and a net margin of 12.67%. The business had revenue of $638.00 million during the quarter, compared to analyst estimates of $632.71 million. During the same quarter last year, the company posted $1.22 EPS. Nasdaq’s revenue for the quarter was down 13.2% on a year-over-year basis. Research analysts expect that Nasdaq Inc will post 4.93 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.47 dividend. This is a positive change from Nasdaq’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.06%. Nasdaq’s dividend payout ratio (DPR) is 36.36%.
In related news, EVP Pc Nelson Griggs sold 1,339 shares of the stock in a transaction on Monday, February 25th. The stock was sold at an average price of $90.24, for a total value of $120,831.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas A. Wittman sold 13,561 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $88.04, for a total value of $1,193,910.44. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.
Several research analysts recently weighed in on the company. BidaskClub raised Nasdaq from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. Zacks Investment Research cut Nasdaq from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. UBS Group raised their target price on Nasdaq from $100.00 to $103.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Finally, Raymond James decreased their target price on Nasdaq from $97.00 to $96.00 and set an “outperform” rating for the company in a research note on Tuesday, March 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. Nasdaq has a consensus rating of “Buy” and an average target price of $97.92.
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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