18,283 Shares of Nasdaq, Inc. $NDAQ Acquired by IPG Investment Advisors LLC

Key Points

• IPG Investment Advisors opened a Nasdaq position in the third quarter, buying 18,283 shares valued at approximately $1.68 million. Institutional investors collectively own 72.47% of the company’s stock.
• Nasdaq reported quarterly EPS of $1.04, topping the $1.02 consensus estimate, while revenue rose 12.6% year over year to $2.39 billion.
• Nasdaq announced a quarterly dividend of $0.31 per share, equivalent to a 1.2% annualized yield. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $113.53.

IPG Investment Advisors LLC purchased a new position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 18,283 shares of the financial services provider's stock, valued at approximately $1,682,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NDAQ. BlackRock Inc. bought a new position in shares of Nasdaq during the second quarter worth $2,931,637,000. Bank of America Corp DE purchased a new position in Nasdaq during the second quarter valued at $603,631,000. The Manufacturers Life Insurance Company purchased a new position in Nasdaq during the second quarter valued at $377,818,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Nasdaq by 4.8% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,884,101 shares of the financial services provider's stock valued at $306,145,000 after acquiring an additional 177,114 shares during the last quarter. Finally, Amundi increased its holdings in Nasdaq by 19.6% in the 1st quarter. Amundi now owns 2,910,390 shares of the financial services provider's stock valued at $247,063,000 after acquiring an additional 476,913 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Trading Down 1.5%

NASDAQ:NDAQ opened at $106.97 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a 50-day simple moving average of $96.08 and a 200-day simple moving average of $90.77. Nasdaq, Inc. has a one year low of $76.55 and a one year high of $108.69. The firm has a market cap of $59.36 billion, a P/E ratio of 29.23, a P/E/G ratio of 1.91 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.02. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $1.47 billion. Nasdaq had a net margin of 22.81% and a return on equity of 19.03%. Nasdaq's revenue was up 12.6% compared to the same quarter last year. During the same period last year, the company posted $0.88 earnings per share. Equities analysts anticipate that Nasdaq, Inc. will post 4.15 EPS for the current fiscal year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, December 4th. Nasdaq's payout ratio is 33.88%.

Analyst Ratings Changes

Several research analysts have commented on NDAQ shares. TD Cowen dropped their price objective on shares of Nasdaq from $108.00 to $107.00 and set a "buy" rating for the company in a report on Monday, October 12th. Rothschild & Co Redburn decreased their target price on shares of Nasdaq from $110.00 to $107.00 and set a "buy" rating on the stock in a research report on Thursday, September 10th. Morgan Stanley raised their price objective on Nasdaq from $118.00 to $132.00 and gave the company an "overweight" rating in a research note on Friday, October 23rd. Jefferies Financial Group reiterated a "hold" rating on shares of Nasdaq in a report on Thursday, October 22nd. Finally, Argus lifted their target price on Nasdaq from $103.00 to $111.00 in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $113.53.

Insider Buying and Selling

In other news, EVP Jeremy Skule sold 1,125 shares of the stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $95.00, for a total transaction of $106,875.00. Following the completion of the sale, the executive vice president owned 96,561 shares in the company, valued at approximately $9,173,295. This represents a 1.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Bradley Peterson sold 4,000 shares of the firm's stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $103.38, for a total value of $413,520.00. Following the completion of the sale, the executive vice president directly owned 118,293 shares of the company's stock, valued at $12,229,130.34. The trade was a 3.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 22,877 shares of company stock worth $2,330,505 in the last 90 days. 0.60% of the stock is owned by corporate insiders.

Nasdaq Profile

Nasdaq, Inc is a global financial technology and market infrastructure company best known for operating the Nasdaq Stock Market, one of the world's largest electronic stock exchanges. The company provides listing services for public companies and operates trading venues for equities, options and other financial products. Its exchange business serves companies, investors and market participants in the United States, as well as through Nasdaq's Nordic and Baltic market operations.

Beyond its exchange activities, Nasdaq provides market data, analytics, indexes and technology used by exchanges, brokers, banks, asset managers and other financial institutions.

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