BNP Paribas Financial Markets Purchases 359,301 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

BNP Paribas Financial Markets boosted its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 71.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 862,843 shares of the financial services provider’s stock after acquiring an additional 359,301 shares during the period. BNP Paribas Financial Markets owned 0.15% of Nasdaq worth $62,996,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in Nasdaq in the 3rd quarter valued at about $128,000. Quantbot Technologies LP increased its position in shares of Nasdaq by 14.9% during the third quarter. Quantbot Technologies LP now owns 164,986 shares of the financial services provider’s stock valued at $12,046,000 after buying an additional 21,441 shares during the period. FMR LLC increased its position in shares of Nasdaq by 24.4% during the third quarter. FMR LLC now owns 977,949 shares of the financial services provider’s stock valued at $71,400,000 after buying an additional 191,705 shares during the period. D.A. Davidson & CO. increased its position in shares of Nasdaq by 4.1% during the third quarter. D.A. Davidson & CO. now owns 14,956 shares of the financial services provider’s stock valued at $1,092,000 after buying an additional 590 shares during the period. Finally, Dai ichi Life Insurance Company Ltd bought a new stake in shares of Nasdaq during the third quarter valued at about $2,106,000. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Stock Up 0.5 %

Shares of NDAQ opened at $83.05 on Thursday. The firm has a market cap of $47.73 billion, a P/E ratio of 49.73, a P/E/G ratio of 3.17 and a beta of 0.95. The stock has a 50 day simple moving average of $75.47 and a two-hundred day simple moving average of $68.46. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. Nasdaq, Inc. has a 1 year low of $53.62 and a 1 year high of $83.50.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 earnings per share. On average, analysts forecast that Nasdaq, Inc. will post 2.79 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq’s dividend payout ratio (DPR) is presently 57.49%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NDAQ. Barclays upped their price target on Nasdaq from $84.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. UBS Group upped their price target on Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Raymond James upgraded Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price target on the stock in a research report on Monday, October 14th. Morgan Stanley upped their price target on Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, TD Cowen decreased their price target on Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $80.87.

Insider Buying and Selling

In related news, EVP Bradley J. Peterson sold 13,642 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $75.32, for a total value of $1,027,515.44. Following the completion of the sale, the executive vice president now owns 142,830 shares of the company’s stock, valued at $10,757,955.60. This trade represents a 8.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jeremy Skule sold 12,075 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $78.75, for a total value of $950,906.25. Following the completion of the sale, the executive vice president now directly owns 102,505 shares of the company’s stock, valued at $8,072,268.75. The trade was a 10.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,459 shares of company stock valued at $3,811,808 over the last quarter. 0.70% of the stock is owned by company insiders.

Nasdaq Company 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.