PNC Financial Services Group Inc. lowered its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 3.0% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 7,646 shares of the financial services provider’s stock after selling 235 shares during the period. PNC Financial Services Group Inc.’s holdings in Nasdaq were worth $531,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Pioneer Investment Management Inc. raised its stake in Nasdaq by 5.0% in the first quarter. Pioneer Investment Management Inc. now owns 1,157,740 shares of the financial services provider’s stock worth $80,405,000 after buying an additional 54,799 shares during the last quarter. William Blair Investment Management LLC raised its stake in Nasdaq by 7.4% in the first quarter. William Blair Investment Management LLC now owns 960,568 shares of the financial services provider’s stock worth $66,711,000 after buying an additional 66,552 shares during the last quarter. Credit Agricole S A raised its stake in Nasdaq by 57.8% in the first quarter. Credit Agricole S A now owns 738,195 shares of the financial services provider’s stock worth $51,266,000 after buying an additional 270,415 shares during the last quarter. AXA raised its stake in Nasdaq by 35.2% in the first quarter. AXA now owns 617,814 shares of the financial services provider’s stock worth $42,907,000 after buying an additional 160,714 shares during the last quarter. Finally, WINTON GROUP Ltd raised its stake in Nasdaq by 453.0% in the first quarter. WINTON GROUP Ltd now owns 396,932 shares of the financial services provider’s stock worth $26,809,000 after buying an additional 325,148 shares during the last quarter. Institutional investors and hedge funds own 75.50% of the company’s stock.

Nasdaq, Inc. (NASDAQ:NDAQ) traded up 0.03% during trading on Friday, reaching $75.11. 742,352 shares of the company traded hands. The firm has a market capitalization of $12.42 billion, a price-to-earnings ratio of 57.51 and a beta of 0.76. Nasdaq, Inc. has a 52 week low of $63.30 and a 52 week high of $75.68. The company’s 50-day moving average price is $71.74 and its 200 day moving average price is $69.89.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.06. The firm had revenue of $602 million for the quarter, compared to analyst estimates of $596.55 million. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 earnings per share. On average, equities research analysts expect that Nasdaq, Inc. will post $4.17 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Thursday, September 14th. Nasdaq’s dividend payout ratio (DPR) is currently 118.75%.

ILLEGAL ACTIVITY NOTICE: “Nasdaq, Inc. (NDAQ) Shares Sold by PNC Financial Services Group Inc.” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another domain, it was copied illegally and republished in violation of United States & international copyright & trademark law. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2017/08/04/nasdaq-inc-ndaq-position-lowered-by-pnc-financial-services-group-inc-updated-updated-updated.html.

A number of equities research analysts have recently commented on NDAQ shares. Jefferies Group LLC reaffirmed a “hold” rating and issued a $68.00 price objective on shares of Nasdaq in a research note on Monday, April 10th. Zacks Investment Research upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th. Royal Bank Of Canada set a $70.00 target price on shares of Nasdaq and gave the company a “hold” rating in a research report on Friday, April 21st. Deutsche Bank AG dropped their target price on shares of Nasdaq from $80.00 to $79.00 and set a “buy” rating on the stock in a research report on Friday, April 28th. Finally, Evercore ISI reiterated an “in-line” rating and set a $74.00 target price on shares of Nasdaq in a research report on Friday, April 28th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $75.22.

In other Nasdaq news, insider Edward S. Knight sold 15,000 shares of the business’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $74.39, for a total transaction of $1,115,850.00. Following the transaction, the insider now owns 78,063 shares of the company’s stock, valued at $5,807,106.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.60% of the company’s stock.

Nasdaq Company Profile

Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.

Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

Receive News & Stock Ratings for Nasdaq Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq Inc. and related stocks with our FREE daily email newsletter.