LGT Fund Management Co Ltd. Has $1.80 Million Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

LGT Fund Management Co Ltd. lowered its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 1.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 23,320 shares of the financial services provider’s stock after selling 436 shares during the period. LGT Fund Management Co Ltd.’s holdings in Nasdaq were worth $1,803,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of NDAQ. Wellington Management Group LLP grew its stake in Nasdaq by 163.3% in the 3rd quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock valued at $2,835,235,000 after buying an additional 24,084,154 shares during the last quarter. Mizuho Securities USA LLC grew its position in shares of Nasdaq by 13,532.3% during the 3rd quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock worth $292,040,000 after purchasing an additional 3,970,658 shares in the last quarter. State Street Corp grew its position in shares of Nasdaq by 11.2% during the 3rd quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock worth $1,310,653,000 after purchasing an additional 1,811,616 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Nasdaq during the 4th quarter worth approximately $110,867,000. Finally, Harris Associates L P grew its position in shares of Nasdaq by 14.6% during the 3rd quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock worth $627,596,000 after purchasing an additional 1,096,090 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Activity

In other news, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the sale, the executive vice president now directly owns 55,576 shares in the company, valued at $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.70% of the company’s stock.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ opened at $81.97 on Tuesday. The firm has a 50 day simple moving average of $79.92 and a 200 day simple moving average of $77.07. The company has a market cap of $47.14 billion, a price-to-earnings ratio of 42.69, a PEG ratio of 2.12 and a beta of 0.99. Nasdaq, Inc. has a one year low of $56.30 and a one year high of $84.15. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Research analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Friday, March 14th. Nasdaq’s payout ratio is currently 50.00%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NDAQ. Royal Bank of Canada restated an “outperform” rating and set a $95.00 target price on shares of Nasdaq in a research report on Thursday, January 30th. Argus increased their target price on shares of Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Keefe, Bruyette & Woods increased their target price on shares of Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Saturday, December 14th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a “hold” rating to a “buy” rating and upped their price target for the stock from $80.00 to $98.00 in a report on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Nasdaq has an average rating of “Moderate Buy” and a consensus price target of $86.88.

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.