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.

A number of equities analysts have recently weighed in on NDAQ shares. ValuEngine cut Nasdaq from a “buy” rating to a “hold” rating in a report on Thursday, September 27th. BidaskClub cut Nasdaq from a “buy” rating to a “hold” rating in a report on Saturday, July 7th. Citigroup increased their price target on Nasdaq from $89.00 to $95.00 and gave the stock a “$95.59” rating in a report on Wednesday, July 18th. Barclays increased their price target on Nasdaq from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Thursday, July 12th. Finally, Deutsche Bank lowered their price target on Nasdaq from $103.00 to $97.00 and set a “buy” rating for the company in a report on Thursday, October 11th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $96.00.

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%.

About Nasdaq

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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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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