Korea Investment CORP Has $24.23 Million Stock Holdings in Nasdaq, Inc. $NDAQ

Key Points

• Korea Investment CORP increased its holdings in Nasdaq, Inc. by 7.3%, owning approximately 319,368 shares valued at $24.23 million as of the end of the first quarter.
• Nasdaq's recent quarterly earnings report showed earnings per share (EPS) of $0.85, surpassing analysts' expectations by $0.07 with revenues increasing by 12.7% year-over-year.
• The company announced a quarterly dividend of $0.27 per share, reflecting an annualized yield of 1.2% for shareholders of record on September 12th.

Korea Investment CORP grew its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 7.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 319,368 shares of the financial services provider's stock after buying an additional 21,791 shares during the period. Korea Investment CORP owned approximately 0.06% of Nasdaq worth $24,227,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. NewEdge Advisors LLC increased its position in Nasdaq by 56.2% during the fourth quarter. NewEdge Advisors LLC now owns 14,601 shares of the financial services provider's stock worth $1,129,000 after acquiring an additional 5,254 shares during the period. Marshall Wace LLP acquired a new position in shares of Nasdaq during the 4th quarter worth approximately $3,276,000. GeoWealth Management LLC increased its holdings in shares of Nasdaq by 107.7% during the fourth quarter. GeoWealth Management LLC now owns 5,059 shares of the financial services provider's stock worth $391,000 after purchasing an additional 2,623 shares during the period. First Trust Advisors LP raised its position in shares of Nasdaq by 6.3% in the fourth quarter. First Trust Advisors LP now owns 701,656 shares of the financial services provider's stock valued at $54,245,000 after buying an additional 41,359 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Nasdaq by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,518,513 shares of the financial services provider's stock valued at $194,710,000 after buying an additional 108,676 shares in the last quarter. Institutional investors own 72.47% of the company's stock.

Insider Activity

In related news, EVP Bradley J. Peterson sold 11,508 shares of the business's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $88.87, for a total value of $1,022,715.96. Following the transaction, the executive vice president owned 111,035 shares in the company, valued at $9,867,680.45. The trade was a 9.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Michelle Lynn Daly sold 8,691 shares of the company's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $93.45, for a total transaction of $812,173.95. Following the sale, the senior vice president directly owned 8,879 shares in the company, valued at $829,742.55. This trade represents a 49.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,409 shares of company stock worth $2,887,839 in the last 90 days. 0.70% of the stock is owned by company insiders.

Nasdaq Stock Performance

Shares of Nasdaq stock opened at $93.83 on Wednesday. The stock has a market cap of $53.84 billion, a price-to-earnings ratio of 36.09, a P/E/G ratio of 2.07 and a beta of 1.00. Nasdaq, Inc. has a twelve month low of $64.84 and a twelve month high of $97.63. The company's fifty day moving average is $91.15 and its 200 day moving average is $82.54. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.73.

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

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be given a dividend of $0.27 per share. 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, September 12th. Nasdaq's dividend payout ratio is currently 41.54%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NDAQ. Raymond James Financial reissued an "outperform" rating and set a $96.00 price target (up previously from $84.00) on shares of Nasdaq in a research report on Wednesday, July 9th. Royal Bank Of Canada increased their target price on Nasdaq from $95.00 to $108.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Citigroup restated a "neutral" rating on shares of Nasdaq in a research report on Wednesday, July 9th. UBS Group raised shares of Nasdaq from a "neutral" rating to a "buy" rating and upped their price target for the stock from $95.00 to $115.00 in a report on Friday, July 25th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Nasdaq in a research note on Friday, July 25th. Fourteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $97.06.

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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