Nasdaq, Inc. (NASDAQ:NDAQ – Get Rating) declared a quarterly dividend on Wednesday, April 20th, RTT News reports. Investors of record on Friday, June 10th will be given a dividend of 0.60 per share by the financial services provider on Friday, June 24th. This represents a $2.40 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Thursday, June 9th. This is a positive change from Nasdaq’s previous quarterly dividend of $0.54.
Nasdaq has a dividend payout ratio of 25.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Nasdaq to earn $8.60 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 25.1%.
NDAQ opened at $169.44 on Friday. The firm has a market capitalization of $27.86 billion, a P/E ratio of 24.03, a P/E/G ratio of 1.87 and a beta of 0.90. The firm’s 50 day moving average is $175.02 and its 200-day moving average is $190.06. Nasdaq has a 52-week low of $156.72 and a 52-week high of $214.96. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.75.
A number of analysts have recently weighed in on NDAQ shares. The Goldman Sachs Group downgraded shares of Nasdaq from a “neutral” rating to a “sell” rating and set a $190.00 price target for the company. in a research report on Tuesday, January 4th. Rosenblatt Securities lifted their price objective on shares of Nasdaq from $199.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday. Credit Suisse Group assumed coverage on shares of Nasdaq in a report on Tuesday, February 15th. They issued an “outperform” rating and a $225.00 price objective for the company. Morgan Stanley decreased their price objective on shares of Nasdaq from $245.00 to $239.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Bank of America lifted their price objective on shares of Nasdaq from $262.00 to $277.00 and gave the stock a “buy” rating in a report on Thursday, January 27th. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $208.50.
In related news, EVP Lauren B. Dillard sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 29th. The stock was sold at an average price of $180.00, for a total value of $450,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bradley J. Peterson sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, February 24th. The stock was sold at an average price of $163.79, for a total value of $1,228,425.00. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.
Several hedge funds have recently modified their holdings of NDAQ. Marshall Wace LLP raised its stake in shares of Nasdaq by 333.2% in the fourth quarter. Marshall Wace LLP now owns 20,797 shares of the financial services provider’s stock valued at $4,369,000 after purchasing an additional 15,996 shares in the last quarter. Metropolitan Life Insurance Co NY grew its position in Nasdaq by 16.9% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 13,175 shares of the financial services provider’s stock valued at $2,767,000 after acquiring an additional 1,904 shares during the period. Cubist Systematic Strategies LLC grew its position in Nasdaq by 1,613.7% in the fourth quarter. Cubist Systematic Strategies LLC now owns 9,665 shares of the financial services provider’s stock valued at $2,030,000 after acquiring an additional 9,101 shares during the period. NewEdge Advisors LLC grew its position in Nasdaq by 80.1% in the fourth quarter. NewEdge Advisors LLC now owns 7,683 shares of the financial services provider’s stock valued at $1,614,000 after acquiring an additional 3,417 shares during the period. Finally, Advisors Asset Management Inc. grew its position in Nasdaq by 6.3% in the fourth quarter. Advisors Asset Management Inc. now owns 7,022 shares of the financial services provider’s stock valued at $1,475,000 after acquiring an additional 419 shares during the period. Institutional investors own 71.78% of the company’s stock.
Nasdaq Company Profile (Get Rating)
Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. The Market Technology segment includes anti financial crime technology business, which offers Nasdaq Trade Surveillance, a SaaS solution for brokers and other market participants to assist them in complying with market rules, regulations, and internal market surveillance policies; Nasdaq Automated Investigator, a cloud-deployed anti-money laundering tool; and Verafin, a SaaS technology provider of anti-financial crime management solutions.
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