Lbp Am Sa Has $41.70 Million Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

LBP AM SA grew its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 15.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 549,693 shares of the financial services provider's stock after acquiring an additional 75,106 shares during the quarter. LBP AM SA owned 0.10% of Nasdaq worth $41,700,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of NDAQ. Grove Bank & Trust lifted its position 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 worth $25,000 after acquiring an additional 216 shares during the period. Rakuten Securities Inc. bought a new stake in shares of Nasdaq in the 4th quarter worth approximately $26,000. Highline Wealth Partners LLC raised 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 worth $26,000 after buying an additional 317 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Nasdaq in the 1st quarter worth approximately $26,000. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Nasdaq in the 4th quarter worth approximately $37,000. Institutional investors own 72.47% of the company's stock.

Nasdaq Trading Down 1.5%

NDAQ stock traded down $1.32 during midday trading on Friday, hitting $89.41. 2,433,101 shares of the company's stock were exchanged, compared to its average volume of 3,083,024. The company has a market cap of $51.33 billion, a PE ratio of 40.64, a price-to-earnings-growth ratio of 2.20 and a beta of 1.01. The stock's fifty day moving average price is $84.84 and its 200-day moving average price is $79.75. Nasdaq, Inc. has a one year low of $62.21 and a one year high of $90.84. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.98 and a current ratio of 0.98.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.02. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. Nasdaq had a return on equity of 15.38% and a net margin of 16.36%. The company's quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.63 earnings per share. Research analysts predict 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 was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.21%. This is a positive change from Nasdaq's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, June 13th. Nasdaq's payout ratio is 49.09%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on NDAQ shares. Morgan Stanley cut Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 target price for the company. in a report on Tuesday, April 8th. Royal Bank Of Canada reissued an "outperform" rating and issued a $95.00 target price on shares of Nasdaq in a research note on Thursday, April 10th. Wall Street Zen raised Nasdaq from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. UBS Group lifted their target price on Nasdaq from $82.00 to $95.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, The Goldman Sachs Group lifted their target price on Nasdaq from $85.00 to $97.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Nasdaq currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.69.

Insider Activity

In related news, EVP Bradley J. Peterson sold 11,508 shares of Nasdaq stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $88.87, for a total value of $1,022,715.96. Following the sale, the executive vice president owned 111,035 shares of the company's stock, valued at approximately $9,867,680.45. The trade was a 9.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Pc Nelson Griggs sold 8,000 shares of Nasdaq stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $83.03, for a total value of $664,240.00. Following the completion of the sale, the insider directly owned 211,405 shares in the company, valued at approximately $17,552,957.15. This represents a 3.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,613 shares of company stock worth $1,874,659 over the last three months. 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.