Thrivent Financial for Lutherans Sells 52,665 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Thrivent Financial for Lutherans decreased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 6.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 820,466 shares of the financial services provider’s stock after selling 52,665 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Nasdaq were worth $63,530,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC boosted its stake in Nasdaq by 25.4% in the 3rd quarter. Empowered Funds LLC now owns 8,860 shares of the financial services provider’s stock worth $647,000 after purchasing an additional 1,795 shares during the period. Mutual of America Capital Management LLC boosted its stake in Nasdaq by 6.2% in the 3rd quarter. Mutual of America Capital Management LLC now owns 50,959 shares of the financial services provider’s stock worth $3,721,000 after purchasing an additional 2,974 shares during the period. Claro Advisors LLC bought a new position in Nasdaq in the 3rd quarter worth about $203,000. Quest Partners LLC bought a new position in Nasdaq in the 3rd quarter worth about $124,000. Finally, Caprock Group LLC boosted its stake in Nasdaq by 10.2% in the 3rd quarter. Caprock Group LLC now owns 8,003 shares of the financial services provider’s stock worth $584,000 after purchasing an additional 744 shares during the period. Institutional investors own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on NDAQ shares. Royal Bank of Canada restated an “outperform” rating and issued a $95.00 target price on shares of Nasdaq in a research note on Thursday, January 30th. JPMorgan Chase & Co. lifted their price target on Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Raymond James lifted their price target on Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. William Blair initiated coverage on Nasdaq in a research report on Monday, November 25th. They set an “outperform” rating for the company. Finally, Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a “hold” rating to a “buy” rating and lifted their price target for the company from $80.00 to $98.00 in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $86.88.

Insiders Place Their Bets

In other news, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $73.68, for a total value of $1,102,179.12. Following the sale, the executive vice president now directly owns 59,694 shares in the company, valued at approximately $4,398,253.92. This trade represents a 20.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction that occurred 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 sale, the executive vice president now owns 55,576 shares in the company, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

Nasdaq Price Performance

Shares of Nasdaq stock opened at $76.58 on Thursday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The business’s 50 day simple moving average is $79.20 and its two-hundred day simple moving average is $77.38. The stock has a market capitalization of $44.04 billion, a P/E ratio of 39.89, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. Nasdaq, Inc. has a one year low of $58.10 and a one 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, topping analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. Analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.25%. Nasdaq’s dividend payout ratio (DPR) is currently 50.00%.

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.