Los Angeles Capital Management LLC Purchases 46,780 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Los Angeles Capital Management LLC lifted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 215.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,519 shares of the financial services provider’s stock after buying an additional 46,780 shares during the period. Los Angeles Capital Management LLC’s holdings in Nasdaq were worth $5,003,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NDAQ. Private Advisor Group LLC boosted its stake in shares of Nasdaq by 11.8% during the 1st quarter. Private Advisor Group LLC now owns 8,020 shares of the financial services provider’s stock worth $506,000 after buying an additional 848 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Nasdaq by 35.8% during the 1st quarter. Empowered Funds LLC now owns 6,098 shares of the financial services provider’s stock worth $385,000 after buying an additional 1,609 shares during the last quarter. NorthRock Partners LLC boosted its stake in shares of Nasdaq by 7.6% during the 1st quarter. NorthRock Partners LLC now owns 3,890 shares of the financial services provider’s stock worth $245,000 after buying an additional 276 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Nasdaq by 99.3% during the 1st quarter. Russell Investments Group Ltd. now owns 591,993 shares of the financial services provider’s stock worth $37,350,000 after buying an additional 294,997 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its stake in shares of Nasdaq by 23.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 125,211 shares of the financial services provider’s stock worth $7,901,000 after buying an additional 23,993 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on NDAQ shares. Keefe, Bruyette & Woods raised their target price on shares of Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Bank of America cut their target price on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. The Goldman Sachs Group raised 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. Deutsche Bank Aktiengesellschaft raised their target price on shares of Nasdaq from $78.00 to $80.00 and gave the company a “hold” rating in a research note on Monday. Finally, TD Cowen cut their target price on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, October 28th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.87.

Nasdaq Stock Up 1.2 %

Shares of NDAQ opened at $79.66 on Tuesday. Nasdaq, Inc. has a 12 month low of $51.72 and a 12 month high of $80.41. The firm’s 50 day moving average is $73.77 and its 200-day moving average is $66.92. The stock has a market capitalization of $45.79 billion, a PE ratio of 47.70, a P/E/G ratio of 3.08 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 (NASDAQ:NDAQ) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the firm earned $0.71 earnings per share. The business’s revenue for the quarter was up 21.9% on a year-over-year basis. Equities research analysts forecast that Nasdaq, Inc. will post 2.78 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, December 6th. This represents a $0.96 annualized dividend and a dividend yield of 1.21%. Nasdaq’s dividend payout ratio is presently 57.49%.

Insider Transactions at Nasdaq

In other news, EVP Bradley J. Peterson sold 13,642 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the transaction, the executive vice president now directly owns 142,830 shares of the company’s stock, valued at approximately $10,757,955.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Pc Nelson Griggs sold 6,000 shares of Nasdaq 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 transaction, the insider now directly owns 215,563 shares of the company’s stock, valued at $16,320,274.73. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Bradley J. Peterson sold 13,642 shares of Nasdaq stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the completion of the transaction, the executive vice president now directly owns 142,830 shares in the company, valued at $10,757,955.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,384 shares of company stock valued at $2,860,902. 0.70% of the stock is currently owned by company insiders.

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.