Russell Investments Group Ltd. Has $20.97 Million Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Key Points

• Russell Investments Group Ltd. increased its stake in Nasdaq, Inc. by 5.3%, owning 276,861 shares worth approximately $20.97 million as of the latest SEC filing.
• Several institutional investors significantly raised their positions in Nasdaq, with Ameriprise Financial Inc. and Invesco Ltd. showing notable increases of 37.9% and 40.8%, respectively.
• Nasdaq recently reported a net margin of 18.59% and a 12.7% revenue increase year-over-year, while also announcing a quarterly dividend of $0.27 per share.

Russell Investments Group Ltd. grew its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 5.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 276,861 shares of the financial services provider's stock after purchasing an additional 13,820 shares during the period. Russell Investments Group Ltd.'s holdings in Nasdaq were worth $20,973,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in NDAQ. Nuveen LLC acquired a new position in shares of Nasdaq during the first quarter valued at about $241,614,000. Ameriprise Financial Inc. raised its holdings in shares of Nasdaq by 37.9% in the 4th quarter. Ameriprise Financial Inc. now owns 6,005,047 shares of the financial services provider's stock worth $464,676,000 after acquiring an additional 1,650,201 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Nasdaq by 40.8% in the 1st quarter. Invesco Ltd. now owns 5,494,271 shares of the financial services provider's stock worth $416,795,000 after acquiring an additional 1,592,057 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Nasdaq by 7,367.6% in the 1st quarter. GAMMA Investing LLC now owns 1,129,328 shares of the financial services provider's stock worth $85,671,000 after acquiring an additional 1,114,205 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of 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 acquiring an additional 993,553 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on NDAQ shares. Raymond James Financial restated an "outperform" rating and issued a $96.00 target price (up previously from $84.00) on shares of Nasdaq in a report on Wednesday, July 9th. Barclays upped their target price on shares of Nasdaq from $101.00 to $109.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Royal Bank Of Canada upped their target price on shares of Nasdaq from $95.00 to $108.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Citigroup reiterated a "neutral" rating on shares of Nasdaq in a research note on Wednesday, July 9th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Nasdaq in a research note on Friday, July 25th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $97.06.

Insider Buying and Selling at Nasdaq

In related news, insider Pc Nelson Griggs sold 8,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the insider directly owned 211,405 shares of the company's stock, valued at approximately $17,552,957.15. This trade represents a 3.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $201,006.45. Following the completion of the transaction, the executive vice president directly owned 92,551 shares of the company's stock, valued at approximately $8,837,694.99. This trade represents a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,409 shares of company stock valued at $2,887,839 in the last quarter. Corporate insiders own 0.70% of the company's stock.

Nasdaq Stock Down 0.8%

Nasdaq stock opened at $94.68 on Friday. Nasdaq, Inc. has a twelve month low of $64.84 and a twelve month high of $97.63. The firm has a 50 day moving average price of $90.82 and a 200-day moving average price of $82.38. The company has a market capitalization of $54.33 billion, a P/E ratio of 36.42, a P/E/G ratio of 2.08 and a beta of 1.00. 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 released its earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.07. Nasdaq had a net margin of 18.59% and a return on equity of 15.90%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the firm earned $0.69 EPS. The company's revenue was up 12.7% compared to the same quarter last year. As a group, equities analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued a $0.27 dividend. 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 41.54%.

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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