National Bank of Canada FI Buys 524,874 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

National Bank of Canada FI grew its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 435.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 645,359 shares of the financial services provider’s stock after acquiring an additional 524,874 shares during the period. National Bank of Canada FI owned 0.11% of Nasdaq worth $38,386,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Smithfield Trust Co lifted its holdings in shares of Nasdaq by 22.0% during the first quarter. Smithfield Trust Co now owns 960 shares of the financial services provider’s stock worth $59,000 after buying an additional 173 shares in the last quarter. Greenleaf Trust increased its position in shares of Nasdaq by 1.6% in the first quarter. Greenleaf Trust now owns 11,330 shares of the financial services provider’s stock worth $715,000 after purchasing an additional 183 shares during the period. Oregon Public Employees Retirement Fund lifted its position in Nasdaq by 0.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 32,647 shares of the financial services provider’s stock worth $1,967,000 after purchasing an additional 200 shares during the period. Salem Investment Counselors Inc. grew its stake in Nasdaq by 89.3% during the first quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock worth $27,000 after buying an additional 201 shares in the last quarter. Finally, Hilltop National Bank grew its stake in Nasdaq by 18.6% during the second quarter. Hilltop National Bank now owns 1,591 shares of the financial services provider’s stock worth $96,000 after buying an additional 250 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Barclays boosted their target price on shares of Nasdaq from $74.00 to $77.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods raised their price target on shares of Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Argus boosted their price objective on shares of Nasdaq from $64.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, May 14th. Deutsche Bank Aktiengesellschaft raised their target price on Nasdaq from $66.00 to $72.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Finally, Bank of America upgraded Nasdaq from an “underperform” rating to a “buy” rating and upped their price target for the company from $53.00 to $90.00 in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.69.

Nasdaq Trading Down 0.1 %

Shares of Nasdaq stock opened at $73.40 on Friday. The stock has a market capitalization of $42.22 billion, a PE ratio of 38.63, a price-to-earnings-growth ratio of 3.06 and a beta of 0.94. Nasdaq, Inc. has a 52 week low of $46.88 and a 52 week high of $74.17. The stock has a 50 day moving average price of $66.44 and a two-hundred day moving average price of $62.28. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.94 and a current ratio of 0.94.

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

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, September 13th. Nasdaq’s dividend payout ratio (DPR) is presently 50.53%.

Insider Buying and Selling

In other Nasdaq news, major shareholder Seller Lp Argus sold 42,804,207 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $64.58, for a total value of $2,764,295,688.06. Following the completion of the sale, the insider now owns 42,804,207 shares in the company, valued at approximately $2,764,295,688.06. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.70% of the stock is currently owned by corporate insiders.

Nasdaq Profile

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.