Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by ING Groep NV

ING Groep NV trimmed its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 53.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,867 shares of the financial services provider’s stock after selling 26,208 shares during the period. ING Groep NV’s holdings in Nasdaq were worth $1,670,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its holdings in Nasdaq by 12.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 517,000 shares of the financial services provider’s stock valued at $32,624,000 after purchasing an additional 57,900 shares during the period. Swedbank AB acquired a new stake in shares of Nasdaq during the 1st quarter worth $2,595,000. Blair William & Co. IL raised its position in shares of Nasdaq by 55.8% in the 1st quarter. Blair William & Co. IL now owns 27,622 shares of the financial services provider’s stock worth $1,743,000 after buying an additional 9,894 shares during the period. Diversified Trust Co boosted its holdings in Nasdaq by 45.2% in the second quarter. Diversified Trust Co now owns 28,813 shares of the financial services provider’s stock valued at $1,736,000 after acquiring an additional 8,974 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in Nasdaq by 52.7% during the first quarter. Cetera Investment Advisers now owns 30,214 shares of the financial services provider’s stock valued at $1,907,000 after acquiring an additional 10,427 shares during the period. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

NDAQ has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $88.00 price objective on shares of Nasdaq in a research note on Friday, October 25th. Barclays lifted their price target on shares of Nasdaq from $84.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Bank of America reduced their target price on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Finally, Morgan Stanley increased their price target on Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Nasdaq presently has an average rating of “Moderate Buy” and a consensus price target of $80.87.

Insider Activity at Nasdaq

In other news, insider Pc Nelson Griggs sold 5,742 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total transaction of $444,086.28. Following the sale, the insider now directly owns 205,821 shares in the company, valued at approximately $15,918,196.14. This represents a 2.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bradley J. Peterson sold 13,642 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $10,757,955.60. This represents a 8.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,384 shares of company stock valued at $2,860,902 in the last quarter. Insiders own 0.70% of the company’s stock.

Nasdaq Trading Up 0.9 %

NDAQ opened at $78.76 on Monday. Nasdaq, Inc. has a 12-month low of $53.36 and a 12-month high of $80.77. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $45.27 billion, a PE ratio of 47.16, a P/E/G ratio of 3.07 and a beta of 0.95. The firm’s fifty day moving average price is $74.28 and its 200 day moving average price is $67.46.

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

Nasdaq Dividend Announcement

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

Nasdaq 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.