Asset Management One Co. Ltd. increased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 10.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 171,745 shares of the financial services provider's stock after purchasing an additional 16,136 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Nasdaq were worth $12,539,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. National Pension Service raised its position in shares of Nasdaq by 2.7% in the 3rd quarter. National Pension Service now owns 593,719 shares of the financial services provider's stock valued at $43,347,000 after buying an additional 15,809 shares in the last quarter. Whitener Capital Management Inc. increased its stake in Nasdaq by 3.3% in the third quarter. Whitener Capital Management Inc. now owns 11,248 shares of the financial services provider's stock valued at $821,000 after acquiring an additional 361 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Nasdaq by 12.2% in the third quarter. Janney Montgomery Scott LLC now owns 42,828 shares of the financial services provider's stock valued at $3,127,000 after acquiring an additional 4,651 shares during the last quarter. Private Wealth Partners LLC raised its position in Nasdaq by 24.4% during the third quarter. Private Wealth Partners LLC now owns 6,470 shares of the financial services provider's stock valued at $472,000 after purchasing an additional 1,270 shares in the last quarter. Finally, Greenwich Wealth Management LLC lifted its stake in Nasdaq by 1.1% during the third quarter. Greenwich Wealth Management LLC now owns 30,223 shares of the financial services provider's stock worth $2,207,000 after purchasing an additional 323 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.
NDAQ has been the topic of several recent analyst reports. TD Cowen decreased their price target on Nasdaq from $81.00 to $80.00 and set a "hold" rating on the stock in a research note on Monday, October 28th. Deutsche Bank Aktiengesellschaft boosted their target price on Nasdaq from $66.00 to $72.00 and gave the stock a "hold" rating in a research note on Thursday, August 15th. Morgan Stanley raised their price target on shares of Nasdaq from $92.00 to $93.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Royal Bank of Canada reiterated an "outperform" rating and set a $88.00 price objective on shares of Nasdaq in a research report on Friday, October 25th. Finally, Oppenheimer raised their target price on shares of Nasdaq from $84.00 to $86.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Nasdaq currently has a consensus rating of "Moderate Buy" and an average target price of $80.33.
Get Our Latest Analysis on Nasdaq
In related news, EVP Bradley J. Peterson sold 13,642 shares of the business's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $75.32, for a total value of $1,027,515.44. Following the transaction, the executive vice president now owns 142,830 shares in the company, valued at $10,757,955.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Bradley J. Peterson sold 13,642 shares of Nasdaq stock in a transaction on Monday, October 28th. The shares were sold at an average price of $75.32, for a total value of $1,027,515.44. Following the completion of the sale, the executive vice president now owns 142,830 shares in the company, valued at $10,757,955.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Pc Nelson Griggs sold 6,000 shares of the company's stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.71, for a total transaction of $454,260.00. Following the transaction, the insider now owns 215,563 shares in the company, valued at $16,320,274.73. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.
Shares of NASDAQ:NDAQ opened at $77.59 on Thursday. The firm has a market cap of $44.60 billion, a P/E ratio of 46.46, a P/E/G ratio of 2.93 and a beta of 0.95. Nasdaq, Inc. has a 12-month low of $50.60 and a 12-month high of $79.27. The business has a fifty day simple moving average of $73.22 and a 200 day simple moving average of $66.43. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84.
Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the company earned $0.71 earnings per share. The firm's revenue was up 21.9% compared to the same quarter last year. Analysts predict that Nasdaq, Inc. will post 2.78 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq's dividend payout ratio is currently 57.49%.
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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