Nasdaq, Inc. (NASDAQ:NDAQ) Stock Position Decreased by LGT Capital Partners LTD.

LGT Capital Partners LTD. trimmed its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 19.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,019,020 shares of the financial services provider’s stock after selling 247,070 shares during the period. Nasdaq accounts for about 3.0% of LGT Capital Partners LTD.’s investment portfolio, making the stock its 12th largest position. LGT Capital Partners LTD. owned approximately 0.18% of Nasdaq worth $78,780,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Wellington Management Group LLP raised its stake in shares of Nasdaq by 163.3% in the 3rd quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock valued at $2,835,235,000 after acquiring an additional 24,084,154 shares in the last quarter. State Street Corp raised its stake in shares of Nasdaq by 11.2% in the 3rd quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock valued at $1,310,653,000 after acquiring an additional 1,811,616 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Nasdaq by 9.5% in the 3rd quarter. Geode Capital Management LLC now owns 10,761,240 shares of the financial services provider’s stock valued at $783,181,000 after acquiring an additional 932,665 shares in the last quarter. Harris Associates L P raised its stake in shares of Nasdaq by 14.6% in the 3rd quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock valued at $627,596,000 after acquiring an additional 1,096,090 shares in the last quarter. Finally, Mizuho Securities USA LLC raised its stake in shares of Nasdaq by 13,532.3% in the 3rd quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock valued at $292,040,000 after acquiring an additional 3,970,658 shares in the last quarter. 72.47% of the stock is owned by institutional investors.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ opened at $74.66 on Friday. The business’s 50 day moving average is $79.78 and its 200-day moving average is $77.22. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $42.94 billion, a PE ratio of 38.89, a PEG ratio of 2.12 and a beta of 0.96. Nasdaq, Inc. has a 1-year low of $57.96 and a 1-year high of $84.15.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. Sell-side analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.29%. The ex-dividend date is Friday, March 14th. Nasdaq’s dividend payout ratio is 50.00%.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the transaction, the executive vice president now owns 55,576 shares in the company, valued at approximately $4,532,778.56. The trade was a 5.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NDAQ. Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 price objective on shares of Nasdaq in a research note on Thursday, January 30th. UBS Group lifted their price target on Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. William Blair started coverage on Nasdaq in a research report on Monday, November 25th. They issued an “outperform” rating on the stock. Citigroup lifted their price target on Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Finally, Keefe, Bruyette & Woods lifted their price target on Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.88.

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.