9,206 Shares in Nasdaq, Inc. $NDAQ Bought by AGF Management Ltd.

AGF Management Ltd. purchased a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,206 shares of the financial services provider’s stock, valued at approximately $823,000.

Other large investors have also recently made changes to their positions in the company. Nuveen LLC purchased a new position in Nasdaq in the first quarter worth about $241,614,000. Invesco Ltd. lifted its stake in shares of Nasdaq by 40.8% in the 1st quarter. Invesco Ltd. now owns 5,494,271 shares of the financial services provider’s stock valued at $416,795,000 after purchasing an additional 1,592,057 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Nasdaq by 54.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,689,196 shares of the financial services provider’s stock worth $240,468,000 after purchasing an additional 952,354 shares during the period. Lord Abbett & CO. LLC boosted its holdings in shares of Nasdaq by 104.5% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,655,341 shares of the financial services provider’s stock worth $125,574,000 after purchasing an additional 845,725 shares during the period. Finally, Jefferies Financial Group Inc. increased its position in shares of Nasdaq by 2,462.5% during the 1st quarter. Jefferies Financial Group Inc. now owns 788,249 shares of the financial services provider’s stock valued at $59,797,000 after purchasing an additional 757,488 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Stock Up 0.0%

Shares of Nasdaq stock opened at $87.83 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market cap of $50.15 billion, a price-to-earnings ratio of 31.37, a PEG ratio of 1.79 and a beta of 0.98. The firm’s 50-day moving average is $89.35 and its two-hundred day moving average is $88.50. Nasdaq, Inc. has a 1 year low of $64.84 and a 1 year high of $97.63.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.82 by $0.06. Nasdaq had a net margin of 19.90% and a return on equity of 16.28%. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the business posted $0.74 EPS. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, research analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, December 5th. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. Nasdaq’s dividend payout ratio is currently 38.57%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. TD Cowen raised their price target on Nasdaq from $94.00 to $96.00 and gave the stock a “hold” rating in a research report on Wednesday, October 22nd. Keefe, Bruyette & Woods increased their target price on shares of Nasdaq from $103.00 to $104.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Barclays set a $109.00 price target on shares of Nasdaq and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. The Goldman Sachs Group reissued a “buy” rating on shares of Nasdaq in a research report on Friday, July 25th. Finally, Cowen restated a “hold” rating on shares of Nasdaq in a research report on Wednesday, October 22nd. Fourteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $99.67.

Insider Transactions at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $85.40, for a total transaction of $179,767.00. Following the sale, the executive vice president owned 84,974 shares of the company’s stock, valued at approximately $7,256,779.60. This trade represents a 2.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.70% of the company’s stock.

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.