Nasdaq, Inc. (NASDAQ:NDAQ – Get Free Report) announced a quarterly dividend on Thursday, October 24th, RTT News reports. Shareholders of record on Friday, December 6th will be paid a dividend of 0.24 per share by the financial services provider on Friday, December 20th. This represents a $0.96 annualized dividend and a dividend yield of 1.30%.
Nasdaq has raised its dividend payment by an average of 10.0% per year over the last three years and has increased its dividend annually for the last 13 consecutive years. Nasdaq has a payout ratio of 30.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Nasdaq to earn $3.10 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 31.0%.
Nasdaq Trading Down 0.5 %
Shares of NASDAQ NDAQ opened at $73.91 on Thursday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $42.51 billion, a P/E ratio of 38.90, a price-to-earnings-growth ratio of 2.99 and a beta of 0.95. Nasdaq has a 1-year low of $47.56 and a 1-year high of $74.93. The business has a fifty day moving average price of $72.35 and a 200 day moving average price of $65.53.
Insider Buying and Selling at Nasdaq
In other Nasdaq news, major shareholder Seller Lp Argus sold 42,804,207 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the transaction, the insider now directly owns 42,804,207 shares of the company’s stock, valued at $2,764,295,688.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have issued reports on NDAQ shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Nasdaq from $66.00 to $72.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Royal Bank of Canada restated an “outperform” rating and set a $88.00 price target on shares of Nasdaq in a research note on Tuesday, October 8th. Barclays upped their price target on shares of Nasdaq from $77.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Morgan Stanley upped their price target on shares of Nasdaq from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Finally, UBS Group increased their price objective on shares of Nasdaq from $73.00 to $79.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $79.07.
Check Out Our Latest Research Report on Nasdaq
Nasdaq Company 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.
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