SG Americas Securities LLC Acquires 33,035 Shares of Nasdaq, Inc. $NDAQ

SG Americas Securities LLC raised its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 224.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 47,732 shares of the financial services provider’s stock after purchasing an additional 33,035 shares during the period. SG Americas Securities LLC’s holdings in Nasdaq were worth $4,222,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of NDAQ. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Nasdaq by 2.3% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 4,935 shares of the financial services provider’s stock valued at $441,000 after purchasing an additional 110 shares in the last quarter. Leavell Investment Management Inc. raised its position in Nasdaq by 0.4% in the 2nd quarter. Leavell Investment Management Inc. now owns 26,156 shares of the financial services provider’s stock worth $2,339,000 after buying an additional 116 shares during the last quarter. Bruce G. Allen Investments LLC lifted its stake in Nasdaq by 72.7% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 120 shares during the period. Fielder Capital Group LLC boosted its holdings in shares of Nasdaq by 3.0% during the 2nd quarter. Fielder Capital Group LLC now owns 4,253 shares of the financial services provider’s stock valued at $380,000 after acquiring an additional 122 shares during the last quarter. Finally, Freedom Investment Management Inc. grew its stake in shares of Nasdaq by 2.3% in the second quarter. Freedom Investment Management Inc. now owns 5,684 shares of the financial services provider’s stock worth $508,000 after acquiring an additional 128 shares during the period. Institutional investors own 72.47% of the company’s stock.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP John Zecca sold 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $100.01, for a total value of $450,045.00. Following the completion of the transaction, the executive vice president directly owned 125,674 shares in the company, valued at $12,568,656.74. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Adena T. Friedman sold 300,000 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $96.39, for a total transaction of $28,917,000.00. Following the completion of the sale, the chief executive officer directly owned 1,924,903 shares of the company’s stock, valued at approximately $185,541,400.17. This trade represents a 13.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 306,605 shares of company stock valued at $29,546,812 over the last 90 days. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Morgan Stanley restated an “overweight” rating and set a $111.00 price objective (up previously from $110.00) on shares of Nasdaq in a research report on Monday, December 22nd. TD Cowen increased their price target on Nasdaq from $94.00 to $96.00 and gave the company a “hold” rating in a report on Wednesday, October 22nd. Raymond James Financial reaffirmed an “outperform” rating and issued a $100.00 price objective (up previously from $99.00) on shares of Nasdaq in a report on Monday, October 13th. Royal Bank Of Canada reiterated an “outperform” rating and set a $108.00 price objective on shares of Nasdaq in a research report on Thursday, October 9th. Finally, Barclays set a $115.00 target price on Nasdaq and gave the stock an “overweight” rating in a research report on Thursday. Fourteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Nasdaq has a consensus rating of “Moderate Buy” and an average target price of $101.47.

Nasdaq Price Performance

NASDAQ NDAQ opened at $98.24 on Monday. The business’s fifty day moving average is $92.08 and its 200 day moving average is $91.65. Nasdaq, Inc. has a fifty-two week low of $64.84 and a fifty-two week high of $101.21. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $56.09 billion, a PE ratio of 35.09, a price-to-earnings-growth ratio of 1.58 and a beta of 1.01.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. Nasdaq had a return on equity of 16.28% and a net margin of 19.90%.The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the business posted $0.74 earnings per share. The business’s quarterly revenue was up 14.7% on a year-over-year basis. Sell-side analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, December 5th. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. Nasdaq’s dividend payout ratio (DPR) is presently 38.57%.

Nasdaq Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.