TD Asset Management Inc. Buys 10,988 Shares of Nasdaq Inc (NDAQ)

TD Asset Management Inc. lifted its stake in shares of Nasdaq Inc (NASDAQ:NDAQ) by 26.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,088 shares of the financial services provider’s stock after acquiring an additional 10,988 shares during the quarter. TD Asset Management Inc.’s holdings in Nasdaq were worth $4,845,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Cornerstone Wealth Management LLC purchased a new stake in shares of Nasdaq during the second quarter worth $122,000. Piedmont Investment Advisors LLC purchased a new position in Nasdaq in the second quarter valued at $125,000. TNB Financial purchased a new position in Nasdaq in the second quarter valued at $201,000. First Long Island Investors LLC purchased a new position in Nasdaq in the first quarter valued at $205,000. Finally, GWM Advisors LLC purchased a new position in Nasdaq in the second quarter valued at $207,000. 76.13% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ NDAQ opened at $92.56 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.93 and a quick ratio of 0.93. Nasdaq Inc has a 1 year low of $71.65 and a 1 year high of $96.19. The firm has a market capitalization of $15.15 billion, a price-to-earnings ratio of 22.80, a P/E/G ratio of 1.99 and a beta of 0.71.



Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Wednesday, July 25th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.01. Nasdaq had a net margin of 18.13% and a return on equity of 13.40%. The company had revenue of $615.00 million during the quarter, compared to the consensus estimate of $620.25 million. During the same quarter in the prior year, the firm posted $1.02 earnings per share. Nasdaq’s revenue for the quarter was up 3.2% on a year-over-year basis. sell-side analysts anticipate that Nasdaq Inc will post 4.82 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $1.76 annualized dividend and a yield of 1.90%. Nasdaq’s dividend payout ratio is presently 43.35%.

In other Nasdaq news, Director Lars Wedenborn sold 2,097 shares of the company’s stock in a transaction on Thursday, May 24th. The shares were sold at an average price of $91.89, for a total value of $192,693.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bradley J. Peterson sold 1,500 shares of the company’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $93.34, for a total transaction of $140,010.00. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

Several equities analysts recently commented on NDAQ shares. JPMorgan Chase & Co. increased their target price on Nasdaq from $87.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, April 26th. Bank of America raised Nasdaq from an “underperform” rating to a “neutral” rating and increased their target price for the company from $65.98 to $90.00 in a report on Thursday, April 26th. UBS Group increased their target price on Nasdaq from $101.00 to $107.00 and gave the company a “buy” rating in a report on Thursday, July 26th. Jefferies Financial Group reissued a “hold” rating and issued a $90.00 target price on shares of Nasdaq in a report on Friday, July 13th. Finally, Raymond James increased their target price on Nasdaq from $94.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, July 10th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $93.71.

Nasdaq 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.

Read More: What are the Different Types of Leveraged Buyouts?

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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