Korea Investment CORP Has $23.01 Million Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Korea Investment CORP grew its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 10.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 297,577 shares of the financial services provider’s stock after purchasing an additional 29,257 shares during the period. Korea Investment CORP’s holdings in Nasdaq were worth $23,006,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rakuten Securities Inc. bought a new position in Nasdaq in the fourth quarter valued at approximately $26,000. Founders Capital Management bought a new position in shares of Nasdaq in the 4th quarter worth $27,000. Kestra Investment Management LLC acquired a new stake in shares of Nasdaq during the fourth quarter worth $33,000. Raleigh Capital Management Inc. lifted its stake in Nasdaq by 106.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock valued at $34,000 after buying an additional 225 shares during the period. Finally, TCTC Holdings LLC acquired a new position in Nasdaq in the fourth quarter valued at about $41,000. Institutional investors own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NDAQ. Keefe, Bruyette & Woods lifted their price objective on shares of Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Thursday. Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 target price on shares of Nasdaq in a report on Thursday, January 30th. Barclays decreased their target price on Nasdaq from $96.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Finally, Oppenheimer raised their price target on Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $86.88.

Nasdaq Trading Down 1.9 %

Nasdaq stock opened at $74.91 on Friday. The company has a market cap of $43.08 billion, a price-to-earnings ratio of 39.02, a P/E/G ratio of 2.12 and a beta of 0.96. The firm has a 50-day moving average of $79.12 and a 200-day moving average of $77.59. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. Nasdaq, Inc. has a one year low of $58.10 and a one year high of $84.15.

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

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.28%. Nasdaq’s 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 shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the transaction, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the sale, the executive vice president now directly owns 59,694 shares of the company’s stock, valued at $4,398,253.92. The trade was a 20.04 % decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.

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.