CIBC Asset Management Inc Has $1.01 Million Holdings in Nasdaq Inc (NDAQ)
CIBC Asset Management Inc lowered its position in Nasdaq Inc (NASDAQ:NDAQ) by 1.6% in the 4th quarter, Holdings Channel reports. The firm owned 12,346 shares of the financial services provider’s stock after selling 204 shares during the quarter. CIBC Asset Management Inc’s holdings in Nasdaq were worth $1,007,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Northern Trust Corp increased its holdings in Nasdaq by 3.8% during the fourth quarter. Northern Trust Corp now owns 1,362,893 shares of the financial services provider’s stock valued at $111,171,000 after buying an additional 50,381 shares during the period. Blueshift Asset Management LLC purchased a new position in Nasdaq during the fourth quarter valued at approximately $253,000. GSA Capital Partners LLP purchased a new position in Nasdaq during the fourth quarter valued at approximately $451,000. Penobscot Investment Management Company Inc. increased its holdings in Nasdaq by 1.2% during the fourth quarter. Penobscot Investment Management Company Inc. now owns 10,250 shares of the financial services provider’s stock valued at $836,000 after buying an additional 120 shares during the period. Finally, Findlay Park Partners LLP increased its holdings in Nasdaq by 70.5% during the fourth quarter. Findlay Park Partners LLP now owns 1,875,000 shares of the financial services provider’s stock valued at $152,944,000 after buying an additional 775,000 shares during the period. 76.23% of the stock is owned by institutional investors and hedge funds.
In other news, insider Bradley J. Peterson sold 6,159 shares of Nasdaq stock in a transaction on Wednesday, January 30th. The shares were sold at an average price of $85.48, for a total transaction of $526,471.32. Following the completion of the sale, the insider now directly owns 39,482 shares in the company, valued at $3,374,921.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Pc Nelson Griggs sold 1,339 shares of Nasdaq stock in a transaction on Monday, February 25th. The stock was sold at an average price of $90.24, for a total transaction of $120,831.36. The disclosure for this sale can be found here. Insiders have sold 13,339 shares of company stock valued at $1,114,349 over the last quarter. Insiders own 0.40% of the company’s stock.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, January 30th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.02. Nasdaq had a net margin of 10.71% and a return on equity of 14.53%. The business had revenue of $645.00 million for the quarter, compared to analyst estimates of $642.95 million. During the same period in the previous year, the company earned $1.05 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. Sell-side analysts anticipate that Nasdaq Inc will post 5.11 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.44 per share. The ex-dividend date is Thursday, March 14th. This represents a $1.76 annualized dividend and a dividend yield of 2.10%. Nasdaq’s payout ratio is currently 36.36%.
Several equities analysts recently issued reports on NDAQ shares. BidaskClub lowered shares of Nasdaq from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 5th. Zacks Investment Research raised shares of Nasdaq from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a report on Monday, December 31st. Argus assumed coverage on shares of Nasdaq in a report on Wednesday, February 6th. They issued a “buy” rating and a $97.00 price target on the stock. Finally, ValuEngine lowered shares of Nasdaq from a “buy” rating to a “hold” rating in a report on Monday, January 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $96.00.
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Nasdaq Company Profile
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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