Nasdaq, Inc. (NASDAQ:NDAQ) Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its holdings in Nasdaq, Inc. (NASDAQ:NDAQFree Report) by 6.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,106,984 shares of the financial services provider’s stock after purchasing an additional 71,048 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.19% of Nasdaq worth $80,821,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Y.D. More Investments Ltd raised its stake in Nasdaq by 94.8% during the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 202 shares during the last quarter. Hobbs Group Advisors LLC acquired a new position in shares of Nasdaq in the second quarter valued at approximately $26,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Nasdaq during the third quarter worth approximately $27,000. Crewe Advisors LLC lifted its holdings in shares of Nasdaq by 164.4% during the second quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 314 shares during the period. Finally, LRI Investments LLC purchased a new position in Nasdaq in the 1st quarter valued at $31,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Nasdaq Stock Down 2.3 %

Shares of NASDAQ NDAQ opened at $78.06 on Friday. The firm has a market cap of $44.87 billion, a P/E ratio of 46.74, a price-to-earnings-growth ratio of 3.10 and a beta of 0.95. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. Nasdaq, Inc. has a 1 year low of $53.17 and a 1 year high of $80.77. The firm’s 50 day moving average price is $74.15 and its 200 day moving average price is $67.22.

Nasdaq (NASDAQ:NDAQGet Free Report) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating 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 business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the business earned $0.71 earnings per share. The business’s revenue for the quarter was up 21.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Nasdaq, Inc. will post 2.78 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a $0.24 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.96 annualized dividend and a dividend yield of 1.23%. Nasdaq’s dividend payout ratio is presently 57.49%.

Insider Activity at Nasdaq

In other news, insider Pc Nelson Griggs sold 5,742 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total value of $444,086.28. Following the transaction, the insider now owns 205,821 shares of the company’s stock, valued at approximately $15,918,196.14. This trade represents a 2.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jeremy Skule sold 12,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $77.92, for a total transaction of $935,040.00. Following the sale, the executive vice president now directly owns 114,580 shares of the company’s stock, valued at approximately $8,928,073.60. This trade represents a 9.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,384 shares of company stock worth $2,860,902. 0.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. TD Cowen cut their price objective on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, October 28th. StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Friday, November 8th. The Goldman Sachs Group lifted their price objective on Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Raymond James raised Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 target price for the company in a research note on Monday, October 14th. Finally, Bank of America cut their price objective on Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.87.

Read Our Latest Stock Analysis on Nasdaq

Nasdaq Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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