Mufg Securities Americas Inc. Invests $472,000 in Nasdaq, Inc. (NASDAQ:NDAQ)

Mufg Securities Americas Inc. acquired a new position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,110 shares of the financial services provider's stock, valued at approximately $472,000.

A number of other institutional investors also recently bought and sold shares of the stock. Malaga Cove Capital LLC purchased a new position in Nasdaq in the fourth quarter worth about $205,000. Nissay Asset Management Corp Japan ADV boosted its position in shares of Nasdaq by 1.3% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 52,295 shares of the financial services provider's stock valued at $4,101,000 after buying an additional 669 shares during the last quarter. NorthRock Partners LLC bought a new stake in Nasdaq in the 4th quarter worth approximately $432,000. Nuveen Asset Management LLC grew its stake in shares of Nasdaq by 8.0% during the 4th quarter. Nuveen Asset Management LLC now owns 3,086,173 shares of the financial services provider's stock valued at $238,592,000 after purchasing an additional 228,816 shares during the period. Finally, OMERS ADMINISTRATION Corp increased its stake in shares of Nasdaq by 25.4% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 15,042 shares of the financial services provider's stock worth $1,163,000 after purchasing an additional 3,043 shares in the last quarter. 72.47% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Bryan Everard Smith sold 657 shares of the company's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $71.81, for a total transaction of $47,179.17. Following the completion of the sale, the executive vice president now directly owns 61,980 shares in the company, valued at $4,450,783.80. This represents a 1.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Sarah Youngwood sold 14,959 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the transaction, the executive vice president now owns 59,694 shares of the company's stock, valued at $4,398,253.92. This represents a 20.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.

Nasdaq Trading Down 0.4%

NDAQ stock traded down $0.31 during midday trading on Wednesday, reaching $81.52. 924,106 shares of the company traded hands, compared to its average volume of 2,899,572. The firm has a market capitalization of $46.80 billion, a price-to-earnings ratio of 42.46, a P/E/G ratio of 2.12 and a beta of 1.00. Nasdaq, Inc. has a 52-week low of $58.28 and a 52-week high of $84.15. The business has a 50 day moving average of $75.37 and a 200-day moving average of $78.04. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the firm posted $0.63 EPS. Nasdaq's quarterly revenue was up 10.7% compared to the same quarter last year. As a group, sell-side analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.32%. This is an increase from Nasdaq's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, June 13th. Nasdaq's dividend payout ratio is presently 49.09%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NDAQ. UBS Group restated a "cautious" rating on shares of Nasdaq in a research report on Monday, April 28th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $95.00 price objective on shares of Nasdaq in a report on Thursday, April 10th. Redburn Atlantic raised shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 target price on the stock in a report on Thursday, April 17th. Oppenheimer reduced their price target on shares of Nasdaq from $89.00 to $85.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Finally, Barclays dropped their price objective on shares of Nasdaq from $86.00 to $84.00 and set an "overweight" rating for the company in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $86.50.

About Nasdaq

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.