Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank decreased its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 52.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 149,109 shares of the financial services provider’s stock after selling 163,197 shares during the period. Toronto Dominion Bank’s holdings in Nasdaq were worth $8,985,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Y.D. More Investments Ltd lifted its position in Nasdaq by 94.8% during the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 202 shares during the period. Hobbs Group Advisors LLC purchased a new stake in shares of Nasdaq during the second quarter worth approximately $26,000. Salem Investment Counselors Inc. lifted its holdings 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 worth $27,000 after purchasing an additional 201 shares during the period. Crewe Advisors LLC grew its position in Nasdaq by 164.4% in the 2nd quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $30,000 after buying an additional 314 shares during the last quarter. Finally, LRI Investments LLC acquired a new position in Nasdaq in the 1st quarter valued at $31,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. TD Cowen started coverage on shares of Nasdaq in a research note on Thursday. They issued a “hold” rating and a $83.00 target price for the company. Bank of America upgraded shares of Nasdaq from an “underperform” rating to a “buy” rating and raised their price objective for the company from $53.00 to $90.00 in a research report on Wednesday, September 4th. Barclays boosted their target price on Nasdaq from $74.00 to $77.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods raised their price target on Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, Oppenheimer lifted their price target on Nasdaq from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday, September 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.87.

Insiders Place Their Bets

In other news, major shareholder Seller Lp Argus sold 42,804,207 shares of the business’s stock in a transaction that occurred on 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 transaction, 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 document filed with the SEC, which is accessible through this link. 0.70% of the stock is owned by corporate insiders.

Nasdaq Stock Up 0.1 %

NDAQ stock opened at $72.60 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.94 and a quick ratio of 0.94. Nasdaq, Inc. has a 12 month low of $46.88 and a 12 month high of $74.88. The firm has a market capitalization of $41.76 billion, a PE ratio of 38.21, a P/E/G ratio of 3.04 and a beta of 0.95. The company’s 50 day simple moving average is $70.10 and its 200-day simple moving average is $64.07.

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, topping the consensus estimate of $0.64 by $0.05. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the business posted $0.71 earnings per share. Nasdaq’s revenue was up 25.3% compared to the same quarter last year. Equities analysts expect that Nasdaq, Inc. will post 2.75 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.96 dividend on an annualized basis and a yield of 1.32%. Nasdaq’s dividend payout ratio (DPR) is 50.53%.

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.