Asset Management One Co. Ltd. Grows Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Asset Management One Co. Ltd. increased its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 7.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 182,851 shares of the financial services provider's stock after acquiring an additional 13,182 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Nasdaq were worth $13,871,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Grove Bank & Trust increased its holdings in shares of Nasdaq by 194.6% in the 1st quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 216 shares during the period. Highline Wealth Partners LLC increased its holdings in shares of Nasdaq by 1,509.5% in the 1st quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 317 shares during the period. Rakuten Securities Inc. acquired a new position in shares of Nasdaq in the 4th quarter valued at $26,000. Opal Wealth Advisors LLC purchased a new position in Nasdaq in the 1st quarter valued at $26,000. Finally, Kapitalo Investimentos Ltda purchased a new position in Nasdaq in the 4th quarter valued at $37,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NDAQ. UBS Group reiterated a "cautious" rating on shares of Nasdaq in a research report on Monday, April 28th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $95.00 price objective on shares of Nasdaq in a research report on Thursday, April 10th. Morgan Stanley lowered shares of Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 price objective on the stock. in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods lifted their price objective on shares of Nasdaq from $87.00 to $88.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. Finally, Oppenheimer set a $96.00 price objective on shares of Nasdaq and gave the company an "outperform" rating in a research report on Tuesday, June 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $87.19.

Nasdaq Price Performance

Shares of NASDAQ NDAQ traded up $0.69 during trading on Friday, hitting $89.08. 5,368,029 shares of the company were exchanged, compared to its average volume of 3,039,935. The company has a market cap of $51.14 billion, a price-to-earnings ratio of 40.49, a PEG ratio of 2.27 and a beta of 1.00. Nasdaq, Inc. has a 1 year low of $59.46 and a 1 year high of $89.46. The firm's fifty day moving average price is $81.54 and its 200 day moving average price is $78.96. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.98 and a quick ratio of 0.98.

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 (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.02. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. Nasdaq had a return on equity of 15.38% and a net margin of 16.36%. The business's revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.63 EPS. On average, 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. Stockholders of record on Friday, June 13th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Friday, June 13th. This is an increase from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's payout ratio is 49.09%.

Insider Transactions at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 657 shares of the company's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $71.81, for a total value of $47,179.17. Following the transaction, the executive vice president now directly owns 61,980 shares in the company, valued at approximately $4,450,783.80. This represents a 1.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Pc Nelson Griggs sold 8,000 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $83.03, for a total transaction of $664,240.00. Following the completion of the transaction, the insider now owns 211,405 shares in the company, valued at approximately $17,552,957.15. This trade represents a 3.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.