Trade Report: Today, CIBC World Markets Inc. Increases Position in Nasdaq Inc. (NDAQ)

Today, CIBC World Markets Inc. Increases Position in Nasdaq Inc. (NDAQ)

CIBC World Markets Inc. raised its position in shares of Nasdaq Inc. (NASDAQ:NDAQ) by 61.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,954 shares of the company’s stock after buying an additional 16,331 shares during the period. CIBC World Markets Inc.’s holdings in Nasdaq were worth $2,901,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of NDAQ. Northwestern Mutual Investment Management Company LLC boosted its position in Nasdaq by 0.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 4,393 shares of the company’s stock worth $284,000 after buying an additional 13 shares during the last quarter. Smith Salley & Associates boosted its position in Nasdaq by 0.3% in the second quarter. Smith Salley & Associates now owns 4,578 shares of the company’s stock worth $296,000 after buying an additional 15 shares during the last quarter. WESPAC Advisors SoCal LLC boosted its position in Nasdaq by 0.3% in the second quarter. WESPAC Advisors SoCal LLC now owns 9,550 shares of the company’s stock worth $618,000 after buying an additional 25 shares during the last quarter. Bank of Hawaii boosted its position in Nasdaq by 0.9% in the third quarter. Bank of Hawaii now owns 5,355 shares of the company’s stock worth $362,000 after buying an additional 50 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its position in Nasdaq by 0.6% in the second quarter. Mackenzie Financial Corp now owns 11,304 shares of the company’s stock worth $731,000 after buying an additional 67 shares during the last quarter. Institutional investors own 73.01% of the company’s stock.

Nasdaq Inc. (NASDAQ:NDAQ) traded down 1.69% during mid-day trading on Monday, reaching $64.58. The company’s stock had a trading volume of 837,007 shares. The stock’s 50 day moving average is $65.50 and its 200 day moving average is $67.02. Nasdaq Inc. has a one year low of $54.62 and a one year high of $71.92. The firm has a market cap of $10.67 billion, a PE ratio of 22.70 and a beta of 0.86.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, October 26th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.90 by $0.01. Nasdaq had a return on equity of 10.71% and a net margin of 13.38%. The business earned $585 million during the quarter, compared to analyst estimates of $586.20 million. During the same period last year, the business posted $0.88 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. On average, analysts anticipate that Nasdaq Inc. will post $3.66 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 16th will be given a dividend of $0.32 per share. The ex-dividend date is Wednesday, December 14th. This represents a $1.28 annualized dividend and a dividend yield of 1.98%. Nasdaq’s dividend payout ratio is currently 44.91%.

NDAQ has been the subject of a number of research analyst reports. Barclays PLC lowered Nasdaq to an “overweight” rating and lifted their target price for the company from $79.00 to $80.00 in a research report on Thursday, September 8th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $72.00 target price on shares of Nasdaq in a research report on Monday, August 8th. Jefferies Group reaffirmed a “hold” rating and set a $68.00 target price on shares of Nasdaq in a research report on Thursday, October 13th. Deutsche Bank AG lifted their target price on Nasdaq from $76.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, September 9th. Finally, Zacks Investment Research lowered Nasdaq from a “hold” rating to a “sell” rating in a research report on Wednesday, October 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $71.08.

About Nasdaq

Nasdaq, Inc (Nasdaq), formerly The NASDAQ OMX Group, Inc, is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services across approximately six continents. The Company manages, operates and provides its products and services through four segments: Market Services, Listing Services, Information Services and Technology Solutions.

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