Tokio Marine Asset Management Co. Ltd. Purchases 1,491 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Tokio Marine Asset Management Co. Ltd. lifted its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 13.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,741 shares of the financial services provider’s stock after buying an additional 1,491 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Nasdaq were worth $930,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Metis Global Partners LLC raised its holdings in shares of Nasdaq by 7.9% during the 3rd quarter. Metis Global Partners LLC now owns 27,553 shares of the financial services provider’s stock worth $2,012,000 after acquiring an additional 2,011 shares in the last quarter. KBC Group NV lifted its stake in shares of Nasdaq by 4.0% during the 3rd quarter. KBC Group NV now owns 110,804 shares of the financial services provider’s stock worth $8,090,000 after purchasing an additional 4,296 shares during the last quarter. MQS Management LLC acquired a new position in shares of Nasdaq during the third quarter worth $358,000. Cumberland Partners Ltd acquired a new position in Nasdaq during the 3rd quarter valued at approximately $10,400,000. Finally, Aigen Investment Management LP purchased a new position in shares of Nasdaq in the third quarter worth about $660,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Bank of America reduced their price objective on Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. The Goldman Sachs Group upped their price objective on Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Morgan Stanley lifted their target price on shares of Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Friday, October 25th. TD Cowen reduced their price target 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. Finally, Raymond James raised Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price objective on the stock in a research note on Monday, October 14th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.87.

Nasdaq Stock Up 0.9 %

NDAQ stock opened at $78.76 on Friday. The company has a 50-day moving average of $74.28 and a two-hundred day moving average of $67.35. The stock has a market capitalization of $45.27 billion, a price-to-earnings ratio of 47.16, a price-to-earnings-growth ratio of 3.12 and a beta of 0.95. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. Nasdaq, Inc. has a 52-week low of $53.36 and a 52-week high of $80.77.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the company earned $0.71 EPS. The firm’s quarterly revenue was up 21.9% on a year-over-year basis. As a group, equities research analysts anticipate that Nasdaq, Inc. will post 2.78 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 annualized dividend and a yield of 1.22%. Nasdaq’s dividend payout ratio is presently 57.49%.

Insiders Place Their Bets

In related news, EVP Bradley J. Peterson sold 13,642 shares of Nasdaq stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the completion of the transaction, the executive vice president now owns 142,830 shares in the company, valued at approximately $10,757,955.60. This trade represents a 8.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jeremy Skule sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $77.92, for a total value of $935,040.00. Following the sale, the executive vice president now owns 114,580 shares of the company’s stock, valued at approximately $8,928,073.60. This represents a 9.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,384 shares of company stock worth $2,860,902 over the last ninety days. 0.70% of the stock is currently owned by corporate insiders.

About Nasdaq

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.