Russell Frank Co cut its position in shares of NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) by 21.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 192,538 shares of the company’s stock after selling 52,340 shares during the period. Russell Frank Co owned about 0.12% of NASDAQ OMX Group worth $11,364,000 as of its most recent filing with the SEC.
Shares of NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) opened at 64.51 on Friday. The stock has a market cap of $10.57 billion and a price-to-earnings ratio of 25.80. NASDAQ OMX Group, Inc. has a 52 week low of $47.81 and a 52 week high of $67.61. The firm has a 50-day moving average price of $63.38 and a 200 day moving average price of $57.85.
NASDAQ OMX Group (NASDAQ:NDAQ) last posted its earnings results on Thursday, January 28th. The company reported $0.89 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.89. The firm earned $536 million during the quarter, compared to the consensus estimate of $528.94 million. During the same period in the prior year, the company posted $0.75 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. On average, analysts forecast that NASDAQ OMX Group, Inc. will post $3.79 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 28th. Shareholders of record on Monday, March 14th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, March 10th.
A number of equities research analysts recently issued reports on the company. Credit Suisse restated an “outperform” rating and issued a $68.00 price objective on shares of NASDAQ OMX Group in a research note on Thursday. JPMorgan Chase Co. boosted their price objective on NASDAQ OMX Group from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, March 14th. Deutsche Bank restated a “buy” rating and issued a $70.00 price objective on shares of NASDAQ OMX Group in a research note on Sunday, March 13th. Bank of America reaffirmed a “neutral” rating and set a $62.00 target price (up previously from $61.00) on shares of NASDAQ OMX Group in a report on Sunday, January 31st. Finally, Barclays lifted their target price on NASDAQ OMX Group from $66.00 to $67.00 and gave the company an “overweight” rating in a report on Tuesday, February 16th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $62.04.
In other NASDAQ OMX Group news, President Hans-Ole Jochumsen sold 35,000 shares of the stock in a transaction dated Monday, February 1st. The stock was sold at an average price of $61.44, for a total value of $2,150,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Pc Nelson Griggs sold 1,893 shares of the stock in a transaction dated Tuesday, February 2nd. The shares were sold at an average price of $62.18, for a total value of $117,706.74. The disclosure for this sale can be found here.
Nasdaq Inc (NASDAQ:NDAQ), 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 six continents.
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