Daiwa Securities Group Inc. Boosts Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Daiwa Securities Group Inc. boosted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 39.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 104,708 shares of the financial services provider’s stock after acquiring an additional 29,568 shares during the period. Daiwa Securities Group Inc.’s holdings in Nasdaq were worth $7,645,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Citizens Financial Group Inc. RI increased its position in Nasdaq by 3.6% in the third quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider’s stock worth $290,000 after purchasing an additional 137 shares during the last quarter. First Pacific Financial boosted its stake in shares of Nasdaq by 1.0% during the third quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock valued at $1,011,000 after purchasing an additional 142 shares during the period. Crestwood Advisors Group LLC boosted its stake in shares of Nasdaq by 4.2% during the third quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 149 shares during the period. Kentucky Retirement Systems raised its holdings in shares of Nasdaq by 0.5% in the third quarter. Kentucky Retirement Systems now owns 28,828 shares of the financial services provider’s stock valued at $2,105,000 after acquiring an additional 154 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Nasdaq by 2.5% in the third quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider’s stock valued at $481,000 after acquiring an additional 162 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Bradley J. Peterson sold 13,642 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the completion of the sale, the executive vice president now owns 142,830 shares in the company, valued at $10,757,955.60. This trade represents a 8.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Pc Nelson Griggs sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.71, for a total value of $454,260.00. Following the sale, the insider now owns 215,563 shares of the company’s stock, valued at approximately $16,320,274.73. This trade represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,459 shares of company stock worth $3,811,808. 0.70% of the stock is currently owned by company insiders.

Nasdaq Stock Up 0.6 %

NDAQ opened at $81.52 on Tuesday. The business’s fifty day simple moving average is $75.27 and its 200 day simple moving average is $68.30. Nasdaq, Inc. has a 52 week low of $53.62 and a 52 week high of $82.39. The firm has a market cap of $46.85 billion, a P/E ratio of 48.81, a PEG ratio of 3.16 and a beta of 0.95. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data 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. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The company’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same period last year, the business posted $0.71 EPS. As a group, equities research analysts anticipate that Nasdaq, Inc. will post 2.79 EPS for the current fiscal year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 annualized dividend and a dividend yield of 1.18%. Nasdaq’s payout ratio is currently 57.49%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on NDAQ shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Nasdaq from $78.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Argus boosted their target price on shares of Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. TD Cowen reduced their target price on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a report on Monday, October 28th. Morgan Stanley upped their price objective on shares of Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, UBS Group upped their target price on Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.87.

Nasdaq 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.