Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Advisory Services Network LLC

Advisory Services Network LLC lessened its stake in Nasdaq, Inc. (NASDAQ:NDAQFree Report) by 62.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,834 shares of the financial services provider’s stock after selling 6,409 shares during the period. Advisory Services Network LLC’s holdings in Nasdaq were worth $223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its stake in shares of Nasdaq by 214.0% during the third quarter. The Manufacturers Life Insurance Company now owns 6,281,617 shares of the financial services provider’s stock worth $305,224,000 after buying an additional 4,280,846 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Nasdaq by 16.6% during the third quarter. Ameriprise Financial Inc. now owns 4,787,784 shares of the financial services provider’s stock worth $232,564,000 after buying an additional 681,238 shares during the period. Norges Bank acquired a new stake in shares of Nasdaq during the fourth quarter worth about $239,347,000. Northern Trust Corp boosted its stake in shares of Nasdaq by 5.4% during the third quarter. Northern Trust Corp now owns 3,363,894 shares of the financial services provider’s stock worth $163,452,000 after buying an additional 171,959 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Nasdaq by 16.7% during the third quarter. Invesco Ltd. now owns 2,654,180 shares of the financial services provider’s stock worth $128,967,000 after buying an additional 378,936 shares during the period. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the business’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 completion of the transaction, the insider now directly owns 58,341,545 shares in the company, valued at approximately $3,383,809,610. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the business’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 completion of the transaction, the insider now directly owns 58,341,545 shares in the company, valued at approximately $3,383,809,610. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Bryan Everard Smith sold 3,036 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $59.89, for a total value of $181,826.04. Following the completion of the transaction, the executive vice president now owns 58,636 shares of the company’s stock, valued at $3,511,710.04. The disclosure for this sale can be found here. In the last three months, insiders sold 31,010,436 shares of company stock worth $1,798,647,360. Insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NDAQ. Argus increased their target price on shares of Nasdaq from $64.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, May 14th. StockNews.com downgraded shares of Nasdaq from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Morgan Stanley upgraded shares of Nasdaq from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $59.00 to $80.00 in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods reduced their price objective on shares of Nasdaq from $75.00 to $74.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. Finally, The Goldman Sachs Group raised shares of Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 target price for the company in a report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $65.92.

Get Our Latest Stock Report on NDAQ

Nasdaq Trading Up 1.2 %

Shares of Nasdaq stock opened at $59.43 on Wednesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.99 and a quick ratio of 0.99. Nasdaq, Inc. has a 1 year low of $46.88 and a 1 year high of $64.25. The company has a market capitalization of $34.18 billion, a P/E ratio of 31.28, a P/E/G ratio of 3.19 and a beta of 0.94. The business has a 50 day moving average price of $61.13 and a 200 day moving average price of $58.47.

Nasdaq (NASDAQ:NDAQGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.02). Nasdaq had a return on equity of 17.00% and a net margin of 15.98%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the firm earned $0.69 earnings per share. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. Sell-side analysts anticipate that Nasdaq, Inc. will post 2.68 EPS for the current fiscal year.

Nasdaq Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.24 dividend. The ex-dividend date is Friday, June 14th. This is an increase from Nasdaq’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a yield of 1.62%. Nasdaq’s payout ratio is 46.32%.

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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