AG2R LA Mondiale Gestion D Actifs Purchases Shares of 17,221 Nasdaq, Inc. $NDAQ

Key Points

• AG2R LA Mondiale Gestion D Actifs purchased 17,221 shares of Nasdaq, Inc., valued at approximately $1.44 million, in the 1st quarter.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Nasdaq, with a price target of $97.06, indicating potential growth for the company.
• Nasdaq recently announced a quarterly dividend of $0.27 per share, which gives an annualized yield of 1.1%, reflecting a 41.54% payout ratio.

AG2R LA Mondiale Gestion D Actifs purchased a new stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 17,221 shares of the financial services provider's stock, valued at approximately $1,439,000.

Other large investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its holdings in Nasdaq by 7.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 43,161 shares of the financial services provider's stock valued at $3,274,000 after acquiring an additional 3,096 shares in the last quarter. USA Financial Formulas raised its holdings in Nasdaq by 61.1% in the 1st quarter. USA Financial Formulas now owns 17,842 shares of the financial services provider's stock valued at $1,353,000 after acquiring an additional 6,764 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Nasdaq by 1.2% in the 1st quarter. Principal Financial Group Inc. now owns 2,268,620 shares of the financial services provider's stock valued at $172,098,000 after purchasing an additional 27,622 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Nasdaq in the 4th quarter valued at approximately $48,749,000. Finally, FUKOKU MUTUAL LIFE INSURANCE Co bought a new stake in shares of Nasdaq in the 1st quarter valued at approximately $222,000. Institutional investors and hedge funds own 72.47% of the company's stock.

Wall Street Analysts Forecast Growth

NDAQ has been the topic of several analyst reports. Oppenheimer reiterated an "outperform" rating and issued a $101.00 price objective (up from $96.00) on shares of Nasdaq in a research note on Tuesday, July 15th. The Goldman Sachs Group reiterated a "buy" rating on shares of Nasdaq in a research note on Friday, July 25th. Raymond James Financial reiterated an "outperform" rating and issued a $96.00 price objective (up from $84.00) on shares of Nasdaq in a research note on Wednesday, July 9th. Citigroup reiterated a "neutral" rating on shares of Nasdaq in a research note on Wednesday, July 9th. Finally, Royal Bank Of Canada upped their price objective on Nasdaq from $95.00 to $108.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Fourteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $97.06.

Nasdaq Stock Down 2.0%

NASDAQ NDAQ opened at $93.95 on Friday. The firm has a market cap of $53.91 billion, a PE ratio of 36.13, a price-to-earnings-growth ratio of 2.10 and a beta of 1.02. Nasdaq, Inc. has a one year low of $64.84 and a one year high of $97.63. The stock's 50 day simple moving average is $93.60 and its 200 day simple moving average is $84.18. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.96.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.07. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.26 billion. Nasdaq had a return on equity of 15.90% and a net margin of 18.59%.Nasdaq's revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.69 EPS. As a group, sell-side analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, September 12th. Nasdaq's dividend payout ratio (DPR) is presently 41.54%.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $95.49, for a total value of $201,006.45. Following the transaction, the executive vice president directly owned 92,551 shares in the company, valued at approximately $8,837,694.99. This trade represents a 2.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michelle Lynn Daly sold 8,691 shares of the stock in a transaction on Friday, July 25th. The shares were sold at an average price of $93.45, for a total value of $812,173.95. Following the completion of the transaction, the senior vice president owned 8,879 shares in the company, valued at $829,742.55. The trade was a 49.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,409 shares of company stock worth $2,223,599. Insiders own 0.70% of the company's stock.

Nasdaq 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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