AMP Capital Investors Ltd Boosts Position in Nasdaq Inc (NDAQ)

AMP Capital Investors Ltd boosted its stake in shares of Nasdaq Inc (NASDAQ:NDAQ) by 29.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 80,421 shares of the financial services provider’s stock after buying an additional 18,410 shares during the quarter. AMP Capital Investors Ltd’s holdings in Nasdaq were worth $6,952,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Cornerstone Wealth Management LLC acquired a new position in shares of Nasdaq during the second quarter worth approximately $122,000. Piedmont Investment Advisors LLC acquired a new stake in Nasdaq in the second quarter worth approximately $125,000. Aperio Group LLC lifted its position in Nasdaq by 4.4% in the second quarter. Aperio Group LLC now owns 103,546 shares of the financial services provider’s stock worth $9,451,000 after purchasing an additional 4,379 shares during the period. TD Asset Management Inc. lifted its position in Nasdaq by 26.1% in the second quarter. TD Asset Management Inc. now owns 53,088 shares of the financial services provider’s stock worth $4,845,000 after purchasing an additional 10,988 shares during the period. Finally, Commonwealth Equity Services LLC lifted its position in Nasdaq by 31.1% in the second quarter. Commonwealth Equity Services LLC now owns 8,572 shares of the financial services provider’s stock worth $782,000 after purchasing an additional 2,035 shares during the period. Institutional investors own 75.53% of the company’s stock.

A number of research firms have weighed in on NDAQ. BidaskClub upgraded Nasdaq from a “buy” rating to a “strong-buy” rating in a research report on Friday. Citigroup upped their target price on Nasdaq from $88.00 to $95.00 and gave the stock a “neutral” rating in a research report on Monday, December 3rd. Deutsche Bank cut their target price on Nasdaq from $103.00 to $97.00 and set a “buy” rating for the company in a research report on Thursday, October 11th. Zacks Investment Research upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Thursday, October 11th. Finally, Atlantic Securities began coverage on Nasdaq in a research report on Wednesday, November 28th. They issued an “overweight” rating and a $105.00 target price for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $96.79.

In other Nasdaq news, insider Ann M. Dennison sold 1,553 shares of the company’s stock in a transaction on Monday, October 29th. The stock was sold at an average price of $83.67, for a total value of $129,939.51. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lars Wedenborn sold 2,500 shares of the company’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $89.94, for a total value of $224,850.00. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

NASDAQ NDAQ opened at $87.36 on Friday. The firm has a market capitalization of $14.82 billion, a price-to-earnings ratio of 21.52, a P/E/G ratio of 1.98 and a beta of 0.50. Nasdaq Inc has a 1 year low of $72.98 and a 1 year high of $96.84. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.55.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.01. The company had revenue of $600.00 million for the quarter, compared to analysts’ expectations of $605.67 million. Nasdaq had a return on equity of 13.69% and a net margin of 17.95%. The firm’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 earnings per share. As a group, analysts anticipate that Nasdaq Inc will post 4.77 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.76 annualized dividend and a dividend yield of 2.01%. Nasdaq’s dividend payout ratio is currently 43.35%.

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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.

Further Reading: Bull Market

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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