Vanguard Group Inc. grew its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,916,887 shares of the financial services provider's stock after acquiring an additional 268,481 shares during the period. Vanguard Group Inc. owned 10.49% of Nasdaq worth $5,819,727,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in Nasdaq by 41.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 77,090 shares of the financial services provider's stock worth $6,819,000 after acquiring an additional 22,685 shares during the last quarter. National Pension Service raised its position in Nasdaq by 3.3% during the third quarter. National Pension Service now owns 605,551 shares of the financial services provider's stock worth $53,561,000 after acquiring an additional 19,078 shares in the last quarter. Cibc World Market Inc. raised its position in Nasdaq by 162.1% during the third quarter. Cibc World Market Inc. now owns 25,447 shares of the financial services provider's stock worth $2,251,000 after acquiring an additional 15,739 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Nasdaq by 2.5% in the third quarter. American Century Companies Inc. now owns 2,552,783 shares of the financial services provider's stock valued at $225,794,000 after purchasing an additional 61,230 shares during the last quarter. Finally, Intech Investment Management LLC boosted its stake in Nasdaq by 129.2% in the 3rd quarter. Intech Investment Management LLC now owns 55,134 shares of the financial services provider's stock valued at $4,877,000 after purchasing an additional 31,081 shares during the period. Institutional investors and hedge funds own 72.47% of the company's stock.
Insider Activity at Nasdaq
In other news, CEO Adena T. Friedman sold 300,000 shares of the business's stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $96.91, for a total transaction of $29,073,000.00. Following the completion of the transaction, the chief executive officer owned 1,924,903 shares of the company's stock, valued at approximately $186,542,349.73. The trade was a 13.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 506,451 shares of company stock worth $47,142,951 over the last ninety days. 0.70% of the stock is currently owned by insiders.
Nasdaq Price Performance
NDAQ opened at $90.43 on Tuesday. The firm's fifty day moving average price is $85.87 and its two-hundred day moving average price is $89.61. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.00 and a quick ratio of 1.01. The company has a market capitalization of $51.40 billion, a price-to-earnings ratio of 27.24, a P/E/G ratio of 1.94 and a beta of 1.02. Nasdaq, Inc. has a 1 year low of $74.11 and a 1 year high of $101.79.
Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.03. Nasdaq had a return on equity of 17.51% and a net margin of 23.15%.The business had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $1.42 billion. During the same period in the previous year, the business posted $0.79 EPS. The firm's quarterly revenue was up 13.7% compared to the same quarter last year. As a group, analysts anticipate that Nasdaq, Inc. will post 3.84 earnings per share for the current fiscal year.
Nasdaq Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, June 12th. This is a positive change from Nasdaq's previous quarterly dividend of $0.27. This represents a $1.24 annualized dividend and a dividend yield of 1.4%. Nasdaq's payout ratio is presently 32.53%.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on NDAQ shares. JPMorgan Chase & Co. upped their price target on shares of Nasdaq from $100.00 to $101.00 and gave the company an "overweight" rating in a research note on Friday, January 30th. Wall Street Zen downgraded shares of Nasdaq from a "hold" rating to a "sell" rating in a research note on Saturday. Barclays increased their price objective on shares of Nasdaq from $115.00 to $116.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 8th. Keefe, Bruyette & Woods increased their price objective on shares of Nasdaq from $92.00 to $97.00 and gave the stock a "market perform" rating in a research note on Friday. Finally, Morgan Stanley set a $116.00 price objective on shares of Nasdaq and gave the stock an "overweight" rating in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Nasdaq currently has a consensus rating of "Moderate Buy" and an average price target of $107.15.
Check Out Our Latest Stock Analysis on Nasdaq
About Nasdaq
(
Free Report)
Nasdaq, Inc is a global financial technology company that operates one of the world's leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.
Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.
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