Aviance Capital Partners LLC Sells 695 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Aviance Capital Partners LLC lowered its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 7.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,240 shares of the financial services provider’s stock after selling 695 shares during the quarter. Aviance Capital Partners LLC’s holdings in Nasdaq were worth $602,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mizuho Securities USA LLC increased its position in Nasdaq by 13,532.3% during the third 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 during the last quarter. Farallon Capital Management LLC boosted its stake in shares of Nasdaq by 28.4% during the 1st quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider’s stock worth $532,357,000 after purchasing an additional 1,866,219 shares during the period. Principal Financial Group Inc. grew its holdings in 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 during the last quarter. National Bank of Canada FI raised its position in Nasdaq by 435.6% in the 2nd quarter. National Bank of Canada FI now owns 645,359 shares of the financial services provider’s stock worth $38,386,000 after purchasing an additional 524,874 shares during the period. Finally, Shapiro Capital Management LLC lifted its stake in Nasdaq by 34.4% in the second quarter. Shapiro Capital Management LLC now owns 1,887,199 shares of the financial services provider’s stock worth $113,723,000 after purchasing an additional 483,361 shares during the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Analyst Ratings Changes

NDAQ has been the topic of several recent analyst reports. Argus increased their price target on Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. UBS Group increased their target price on Nasdaq from $73.00 to $79.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. The Goldman Sachs Group boosted their target price on shares of Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Barclays raised their price target on shares of Nasdaq from $84.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, Raymond James raised shares of Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price objective for the company in a research report on Monday, October 14th. One 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.87.

Nasdaq Trading Up 0.5 %

Shares of NASDAQ:NDAQ opened at $80.16 on Wednesday. The company has a market capitalization of $46.07 billion, a PE ratio of 48.00, a P/E/G ratio of 3.07 and a beta of 0.95. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84. Nasdaq, Inc. has a 12-month low of $53.36 and a 12-month high of $80.77. The business’s fifty day simple moving average is $74.62 and its 200-day simple moving average is $67.73.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.05. The company had revenue of $1.15 billion for 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 firm’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 earnings per share. As a group, equities research analysts predict that Nasdaq, Inc. will post 2.78 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a yield of 1.20%. Nasdaq’s payout ratio is 57.49%.

Insider Buying and Selling at Nasdaq

In other news, insider Pc Nelson Griggs sold 6,000 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $75.71, for a total value of $454,260.00. Following the completion of the sale, the insider now owns 215,563 shares of the company’s stock, valued at $16,320,274.73. This trade represents a 2.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jeremy Skule sold 12,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $77.92, for a total value of $935,040.00. Following the transaction, the executive vice president now directly owns 114,580 shares in the company, valued at $8,928,073.60. This represents a 9.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,384 shares of company stock worth $2,860,902 over the last three months. Corporate insiders own 0.70% of the company’s stock.

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.