Huntington National Bank Buys 959 Shares of Nasdaq Inc (NDAQ)
Huntington National Bank grew its stake in Nasdaq Inc (NASDAQ:NDAQ) by 3.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,704 shares of the financial services provider’s stock after acquiring an additional 959 shares during the quarter. Huntington National Bank’s holdings in Nasdaq were worth $2,463,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of NDAQ. First Hawaiian Bank acquired a new stake in shares of Nasdaq in the 3rd quarter worth $101,000. Cornerstone Wealth Management LLC acquired a new stake in shares of Nasdaq in the 2nd quarter worth $122,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Nasdaq in the 2nd quarter worth $125,000. TNB Financial acquired a new stake in shares of Nasdaq in the 2nd quarter worth $201,000. Finally, GWM Advisors LLC purchased a new position in shares of Nasdaq during the 2nd quarter worth $207,000. 75.67% of the stock is owned by institutional investors and hedge funds.
In related news, insider Bradley J. Peterson sold 1,500 shares of the firm’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.40% of the company’s stock.
NASDAQ NDAQ opened at $80.72 on Monday. The firm has a market cap of $13.28 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 1.76 and a beta of 0.64. 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 Inc has a twelve month low of $71.65 and a twelve month high of $96.84.
Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, July 25th. The financial services provider reported $1.18 EPS 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 during the quarter, compared to analysts’ expectations of $620.25 million. During the same period last year, the business posted $1.02 EPS. Nasdaq’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, equities analysts expect that Nasdaq Inc will post 4.79 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend was Thursday, September 13th. Nasdaq’s dividend payout ratio (DPR) is 43.35%.
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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