Norinchukin Bank The Has $1.64 Million Stock Position in Nasdaq, Inc. $NDAQ

Key Points

• Norinchukin Bank The has increased its stake in Nasdaq, Inc. by 15.4%, owning 21,629 shares valued at approximately $1.64 million.
• A number of institutional investors have also intensified their holdings in Nasdaq, with Grove Bank & Trust increasing its stake by 194.6% in the first quarter.
• Equity analysts have raised their price targets for Nasdaq, with recommendations ranging from $96 to $115, reflecting a consensus target price of $97.06.

Norinchukin Bank The raised its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 15.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,629 shares of the financial services provider's stock after buying an additional 2,879 shares during the quarter. Norinchukin Bank The's holdings in Nasdaq were worth $1,641,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Grove Bank & Trust lifted its stake 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 purchasing an additional 216 shares in the last quarter. Highline Wealth Partners LLC lifted its stake 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 purchasing an additional 317 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Nasdaq in the 1st quarter valued at about $26,000. First Command Advisory Services Inc. acquired a new position in Nasdaq during the 1st quarter worth approximately $30,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Nasdaq during the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 72.47% of the company's stock.

Nasdaq Stock Performance

Shares of NDAQ stock traded down $0.06 on Wednesday, hitting $94.84. 1,958,664 shares of the stock traded hands, compared to its average volume of 3,266,761. Nasdaq, Inc. has a 1-year low of $64.84 and a 1-year high of $97.63. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.96. The company's fifty day moving average is $91.96 and its 200 day moving average is $82.95. The company has a market capitalization of $54.42 billion, a PE ratio of 36.48, a PEG ratio of 2.07 and a beta of 1.00.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share 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 firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the company earned $0.69 earnings per share. The firm's revenue for the quarter was up 12.7% on a year-over-year basis. On average, equities research analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $1.08 annualized dividend and a yield of 1.1%. Nasdaq's dividend payout ratio (DPR) is currently 41.54%.

Insider Activity at Nasdaq

In related news, EVP Bradley J. Peterson sold 11,508 shares of the stock in a transaction on 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 completion of the transaction, the executive vice president owned 111,035 shares in the company, valued at $9,867,680.45. This trade represents a 9.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jeremy Skule sold 2,105 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $95.49, for a total value of $201,006.45. Following the completion of the transaction, the executive vice president owned 92,551 shares of the company's stock, valued at $8,837,694.99. This trade represents a 2.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,409 shares of company stock valued at $2,223,599 over the last 90 days. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

NDAQ has been the topic of several recent research reports. The Goldman Sachs Group reissued a "buy" rating on shares of Nasdaq in a research report on Friday, July 25th. Barclays boosted their price target on Nasdaq from $101.00 to $109.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Keefe, Bruyette & Woods boosted their price target on Nasdaq from $103.00 to $104.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Citigroup reissued a "neutral" rating on shares of Nasdaq in a research report on Wednesday, July 9th. Finally, Oppenheimer reissued an "outperform" rating and set a $101.00 price target (up from $96.00) on shares of Nasdaq in a research report on Tuesday, July 15th. Fourteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $97.06.

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.