Mirae Asset Global Investments Co. Ltd. Increases Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 0.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 113,150 shares of the financial services provider’s stock after purchasing an additional 239 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Nasdaq were worth $6,579,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Tritonpoint Wealth LLC bought a new stake in Nasdaq during the 4th quarter valued at approximately $688,000. Stratos Wealth Partners LTD. boosted its position in Nasdaq by 2.2% during the 4th quarter. Stratos Wealth Partners LTD. now owns 47,590 shares of the financial services provider’s stock valued at $2,767,000 after acquiring an additional 1,005 shares in the last quarter. Prime Capital Investment Advisors LLC bought a new stake in Nasdaq during the 4th quarter valued at approximately $2,950,000. Allworth Financial LP boosted its position in Nasdaq by 74.9% during the 4th quarter. Allworth Financial LP now owns 815 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 349 shares in the last quarter. Finally, Avitas Wealth Management LLC boosted its position in Nasdaq by 1.7% during the 4th quarter. Avitas Wealth Management LLC now owns 19,094 shares of the financial services provider’s stock valued at $1,110,000 after acquiring an additional 315 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Activity

In other news, EVP Bryan Everard Smith sold 7,400 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $62.91, for a total transaction of $465,534.00. Following the transaction, the executive vice president now directly owns 61,672 shares of the company’s stock, valued at approximately $3,879,785.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the transaction, the insider now directly owns 58,341,545 shares of the company’s stock, valued at approximately $3,383,809,610. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Bryan Everard Smith sold 7,400 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $62.91, for a total value of $465,534.00. Following the completion of the transaction, the executive vice president now directly owns 61,672 shares in the company, valued at $3,879,785.52. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on NDAQ shares. Oppenheimer boosted their price target on Nasdaq from $65.00 to $68.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Citigroup upped their price target on Nasdaq from $56.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, January 12th. UBS Group upped their price target on Nasdaq from $56.00 to $60.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Piper Sandler upped their price target on Nasdaq from $70.00 to $71.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Finally, Rosenblatt Securities restated a “buy” rating and issued a $82.00 price target on shares of Nasdaq in a research note on Thursday, February 1st. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $67.09.

Nasdaq Stock Performance

Shares of NDAQ opened at $61.52 on Monday. The business’s fifty day simple moving average is $59.08 and its two-hundred day simple moving average is $55.74. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.94. Nasdaq, Inc. has a 12 month low of $46.88 and a 12 month high of $64.25. The company has a market cap of $35.39 billion, a price-to-earnings ratio of 29.16, a P/E/G ratio of 2.80 and a beta of 0.93.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, January 31st. The financial services provider reported $0.72 EPS for the quarter, beating the consensus estimate of $0.70 by $0.02. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. Nasdaq had a return on equity of 19.28% and a net margin of 17.48%. The company’s revenue was up 21.4% compared to the same quarter last year. During the same period last year, the business posted $0.64 EPS. Research analysts anticipate that Nasdaq, Inc. will post 2.75 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.88 annualized dividend and a dividend yield of 1.43%. Nasdaq’s payout ratio is 41.71%.

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.