Asset Management One Co. Ltd. Has $17.46 Million Position in Nasdaq, Inc. $NDAQ

Key Points

• Asset Management One Co. Ltd. increased its stake in Nasdaq, Inc. by 6.8% in Q2, raising its holdings to 195,256 shares worth $17.46 million.
• Nasdaq reported a quarterly earnings per share (EPS) of $0.88, surpassing analysts' expectations of $0.82, alongside a 14.7% year-over-year revenue growth to $1.32 billion.
• The company announced a quarterly dividend of $0.27 to be paid on December 19, representing an annualized yield of 1.2%.

Asset Management One Co. Ltd. boosted its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 6.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 195,256 shares of the financial services provider's stock after purchasing an additional 12,405 shares during the period. Asset Management One Co. Ltd.'s holdings in Nasdaq were worth $17,460,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Nasdaq by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 52,979,661 shares of the financial services provider's stock worth $4,019,037,000 after purchasing an additional 403,248 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Nasdaq by 5.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 20,433,885 shares of the financial services provider's stock worth $1,550,115,000 after purchasing an additional 993,553 shares in the last quarter. Harris Associates L P increased its holdings in Nasdaq by 1.2% in the 1st quarter. Harris Associates L P now owns 8,693,469 shares of the financial services provider's stock worth $659,487,000 after purchasing an additional 101,983 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Nasdaq by 9.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,785,047 shares of the financial services provider's stock worth $438,854,000 after purchasing an additional 484,750 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Nasdaq by 40.8% in the first quarter. Invesco Ltd. now owns 5,494,271 shares of the financial services provider's stock valued at $416,795,000 after buying an additional 1,592,057 shares during the period. Institutional investors and hedge funds own 72.47% of the company's stock.

Insider Buying and Selling at Nasdaq

In other news, EVP Jeremy Skule sold 2,105 shares of the firm's stock in a transaction that occurred 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 owned 92,551 shares in the company, valued at $8,837,694.99. This trade represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is owned by corporate insiders.

Nasdaq Trading Down 0.4%

Shares of Nasdaq stock opened at $88.44 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.96 and a current ratio of 0.99. Nasdaq, Inc. has a 52 week low of $64.84 and a 52 week high of $97.63. The stock has a 50 day moving average price of $91.22 and a two-hundred day moving average price of $87.09. The stock has a market capitalization of $50.75 billion, a PE ratio of 31.59, a price-to-earnings-growth ratio of 1.96 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.06. Nasdaq had a return on equity of 16.28% and a net margin of 19.90%.The firm had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter last year, the firm posted $0.74 earnings per share. The company's revenue for the quarter was up 14.7% compared to the same quarter last year. As a group, equities analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, December 5th. Nasdaq's dividend payout ratio (DPR) is 38.57%.

Analyst Upgrades and Downgrades

NDAQ has been the subject of several recent research reports. Royal Bank Of Canada reissued an "outperform" rating and issued a $108.00 price target on shares of Nasdaq in a research note on Thursday, October 9th. Cowen reissued a "hold" rating on shares of Nasdaq in a research note on Wednesday. Oppenheimer reissued an "outperform" rating and issued a $101.00 price target (up previously from $96.00) on shares of Nasdaq in a research note on Tuesday, July 15th. Raymond James Financial reaffirmed an "outperform" rating and set a $100.00 target price (up previously from $99.00) on shares of Nasdaq in a research note on Monday, October 13th. Finally, Keefe, Bruyette & Woods raised their target price on Nasdaq from $103.00 to $104.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Fifteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $98.56.

Nasdaq Company 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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