Nasdaq, Inc. (NDAQ) Position Raised by Mitsubishi UFJ Trust & Banking Corp
Mitsubishi UFJ Trust & Banking Corp boosted its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 11.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 259,106 shares of the financial services provider’s stock after purchasing an additional 26,517 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.16% of Nasdaq worth $18,523,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Nikko Asset Management Americas Inc. lifted its position in Nasdaq by 1,325.8% in the second quarter. Nikko Asset Management Americas Inc. now owns 126,900 shares of the financial services provider’s stock valued at $9,072,000 after purchasing an additional 118,000 shares during the period. Advisor Partners LLC acquired a new stake in Nasdaq in the second quarter valued at about $214,000. Summit Securities Group LLC acquired a new stake in Nasdaq in the second quarter valued at about $645,000. Aperio Group LLC lifted its position in Nasdaq by 2.4% in the second quarter. Aperio Group LLC now owns 95,486 shares of the financial services provider’s stock valued at $6,826,000 after purchasing an additional 2,218 shares during the period. Finally, GAM Holding AG lifted its position in Nasdaq by 0.7% in the second quarter. GAM Holding AG now owns 28,766 shares of the financial services provider’s stock valued at $2,056,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 74.31% of the company’s stock.
In related news, insider Ann M. Dennison sold 1,170 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $76.32, for a total value of $89,294.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Lars Wedenborn sold 3,045 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $76.13, for a total transaction of $231,815.85. The disclosure for this sale can be found here. Insiders sold a total of 36,844 shares of company stock worth $2,788,100 over the last quarter. Insiders own 1.60% of the company’s stock.
Nasdaq, Inc. (NASDAQ:NDAQ) opened at 75.37 on Tuesday. Nasdaq, Inc. has a 52 week low of $63.30 and a 52 week high of $77.75. The stock’s 50 day moving average is $74.67 and its 200-day moving average is $70.98. The stock has a market capitalization of $12.57 billion, a PE ratio of 57.27 and a beta of 0.77.
Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.06. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The business had revenue of $602 million for the quarter, compared to the consensus estimate of $596.55 million. During the same period in the previous year, the firm earned $0.91 EPS. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities research analysts forecast that Nasdaq, Inc. will post $4.17 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.38 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.02%. Nasdaq’s payout ratio is currently 118.75%.
A number of equities research analysts recently commented on the stock. BidaskClub downgraded shares of Nasdaq from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $76.00 target price (up from $74.00) on shares of Nasdaq in a report on Thursday, July 27th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $71.00 target price (up from $68.00) on shares of Nasdaq in a report on Monday, July 17th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $77.00 target price (down from $79.00) on shares of Nasdaq in a report on Monday, May 15th. Finally, UBS AG reaffirmed a “buy” rating and issued a $85.00 target price (up from $80.00) on shares of Nasdaq in a report on Thursday, July 27th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Nasdaq has a consensus rating of “Hold” and a consensus target price of $75.30.
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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.
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