Nasdaq, Inc. (NASDAQ:NDAQ) Shares Bought by TD Asset Management Inc

TD Asset Management Inc grew its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 9.7% in the 2nd quarter, Holdings Channel reports. The fund owned 133,029 shares of the financial services provider’s stock after acquiring an additional 11,777 shares during the period. TD Asset Management Inc’s holdings in Nasdaq were worth $8,016,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of NDAQ. Hobbs Group Advisors LLC acquired a new stake in shares of Nasdaq during the second quarter valued at about $26,000. Salem Investment Counselors Inc. grew its stake in shares of Nasdaq by 89.3% during the first quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 201 shares in the last quarter. Crewe Advisors LLC grew its stake in Nasdaq by 164.4% in the second quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 314 shares in the last quarter. LRI Investments LLC acquired a new position in Nasdaq in the first quarter worth about $31,000. Finally, New Millennium Group LLC acquired a new position in Nasdaq in the second quarter worth about $34,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Seller Lp Argus sold 42,804,207 shares of Nasdaq stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the sale, the insider now owns 42,804,207 shares of the company’s stock, valued at $2,764,295,688.06. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on NDAQ. Bank of America upgraded Nasdaq from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $53.00 to $90.00 in a research note on Wednesday, September 4th. Argus lifted their price target on Nasdaq from $64.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, May 14th. Barclays lifted their price target on Nasdaq from $74.00 to $77.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Deutsche Bank Aktiengesellschaft lifted their price target on Nasdaq from $66.00 to $72.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Finally, Keefe, Bruyette & Woods lifted their price target on Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $72.08.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $71.75 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.85. The business has a 50 day moving average of $67.15 and a two-hundred day moving average of $62.70. Nasdaq, Inc. has a 52 week low of $46.88 and a 52 week high of $74.17. The company has a market cap of $41.32 billion, a P/E ratio of 37.76, a PEG ratio of 2.94 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The business’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 earnings per share. As a group, analysts anticipate that Nasdaq, Inc. will post 2.74 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, September 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.34%. Nasdaq’s dividend payout ratio (DPR) is presently 50.53%.

About Nasdaq

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.