Hsbc Holdings PLC Sells 283,854 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Hsbc Holdings PLC lessened its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 21.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,033,521 shares of the financial services provider's stock after selling 283,854 shares during the period. Hsbc Holdings PLC owned about 0.18% of Nasdaq worth $79,937,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of NDAQ. Olstein Capital Management L.P. increased its stake in Nasdaq by 35.6% in the 4th quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider's stock valued at $6,185,000 after buying an additional 21,000 shares during the last quarter. NINE MASTS CAPITAL Ltd bought a new position in Nasdaq in the 4th quarter valued at about $274,000. Pacer Advisors Inc. lifted its holdings in Nasdaq by 75.7% during the 4th quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider's stock worth $4,170,000 after purchasing an additional 23,244 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Nasdaq by 892.3% in the fourth quarter. Teacher Retirement System of Texas now owns 60,647 shares of the financial services provider's stock valued at $4,689,000 after acquiring an additional 54,535 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Nasdaq by 26.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,173 shares of the financial services provider's stock valued at $3,454,000 after purchasing an additional 9,130 shares during the period. Institutional investors and hedge funds own 72.47% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NDAQ. Citigroup dropped their price objective on Nasdaq from $84.00 to $75.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Barclays cut their price objective on shares of Nasdaq from $86.00 to $84.00 and set an "overweight" rating for the company in a research report on Friday. Redburn Atlantic raised shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 target price on the stock in a report on Thursday, April 17th. UBS Group reaffirmed a "cautious" rating on shares of Nasdaq in a report on Monday. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Nasdaq from $87.00 to $88.00 and gave the company an "outperform" rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $85.18.

Insider Transactions at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 657 shares of Nasdaq stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $71.81, for a total value of $47,179.17. Following the sale, the executive vice president now owns 61,980 shares of the company's stock, valued at approximately $4,450,783.80. The trade was a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the transaction, the executive vice president now directly owns 59,694 shares of the company's stock, valued at $4,398,253.92. This represents a 20.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,116 shares of company stock worth $1,434,818 in the last ninety days. Company insiders own 0.70% of the company's stock.

Nasdaq Stock Up 0.4 %

Nasdaq stock traded up $0.26 during trading on Tuesday, hitting $75.36. 382,021 shares of the company were exchanged, compared to its average volume of 2,799,767. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The business's 50 day moving average is $74.92 and its 200 day moving average is $77.51. Nasdaq, Inc. has a 52 week low of $58.28 and a 52 week high of $84.15. The company has a market capitalization of $43.27 billion, a P/E ratio of 39.25, a PEG ratio of 2.12 and a beta of 1.02.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.77 by $0.02. The firm had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.22 billion. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. The company's quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.63 EPS. Analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Friday, June 13th. This is an increase from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's dividend payout ratio is 49.09%.

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.