Nasdaq, Inc. (NASDAQ:NDAQ) Stake Lowered by New World Advisors LLC

New World Advisors LLC trimmed its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 24.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,720 shares of the financial services provider’s stock after selling 1,500 shares during the period. New World Advisors LLC’s holdings in Nasdaq were worth $345,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of NDAQ. Vanguard Group Inc. lifted its holdings in shares of Nasdaq by 7.0% during the 1st quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider’s stock valued at $3,043,936,000 after buying an additional 3,173,981 shares during the last quarter. Farallon Capital Management LLC grew its position in Nasdaq by 28.4% in the first quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider’s stock worth $532,357,000 after acquiring an additional 1,866,219 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in shares of Nasdaq by 283.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 1,154,143 shares of the financial services provider’s stock worth $72,880,000 after purchasing an additional 853,414 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Nasdaq by 67.6% during the 2nd quarter. Principal Financial Group Inc. now owns 2,022,546 shares of the financial services provider’s stock valued at $121,879,000 after purchasing an additional 815,946 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in Nasdaq by 196.5% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,010,992 shares of the financial services provider’s stock worth $63,793,000 after purchasing an additional 670,024 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Price Performance

Nasdaq stock traded down $0.55 during trading hours on Friday, hitting $74.69. 2,230,617 shares of the stock were exchanged, compared to its average volume of 2,896,922. The stock has a market capitalization of $43.02 billion, a P/E ratio of 42.93, a P/E/G ratio of 3.09 and a beta of 0.95. The business’s 50-day moving average is $72.56 and its two-hundred day moving average is $65.70. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.94 and a current ratio of 0.94. Nasdaq, Inc. has a 12 month low of $47.56 and a 12 month high of $75.68.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the company earned $0.71 EPS. Nasdaq’s revenue for the quarter was up 21.9% on a year-over-year basis. Equities research analysts expect that Nasdaq, Inc. will post 2.75 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.24 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.29%. Nasdaq’s dividend payout ratio is 55.17%.

Insider Activity at Nasdaq

In other Nasdaq news, major shareholder Seller Lp Argus sold 42,804,207 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $64.58, for a total value of $2,764,295,688.06. Following the completion of the sale, the insider now owns 42,804,207 shares in the company, valued at approximately $2,764,295,688.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Raymond James raised Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price target for the company in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft boosted their target price on Nasdaq from $66.00 to $72.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. The Goldman Sachs Group increased their price target on Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Bank of America lowered their price target on Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Finally, UBS Group boosted their target price on shares of Nasdaq from $73.00 to $79.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $79.47.

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.