Daiwa Securities Group Inc. Has $8.39 Million Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Daiwa Securities Group Inc. lifted its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 3.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 108,577 shares of the financial services provider’s stock after buying an additional 3,869 shares during the period. Daiwa Securities Group Inc.’s holdings in Nasdaq were worth $8,394,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of NDAQ. Assetmark Inc. lifted its holdings in shares of Nasdaq by 4.9% during the third quarter. Assetmark Inc. now owns 20,869 shares of the financial services provider’s stock valued at $1,524,000 after acquiring an additional 984 shares during the period. Atria Investments Inc grew its holdings in shares of Nasdaq by 23.5% in the 3rd quarter. Atria Investments Inc now owns 31,665 shares of the financial services provider’s stock worth $2,312,000 after purchasing an additional 6,035 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in shares of Nasdaq by 8.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 28,343 shares of the financial services provider’s stock worth $2,070,000 after purchasing an additional 2,317 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in Nasdaq by 215.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 68,519 shares of the financial services provider’s stock valued at $5,003,000 after purchasing an additional 46,780 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in Nasdaq in the third quarter valued at about $58,000. Institutional investors own 72.47% of the company’s stock.

Wall Street Analyst Weigh In

NDAQ has been the subject of several recent analyst reports. Oppenheimer raised their price objective on shares of Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a report on Monday, January 13th. Citigroup raised their price target on Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a report on Friday, January 10th. UBS Group lifted their price objective on Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Raymond James increased their target price on Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Finally, StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a report on Saturday, December 14th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $86.88.

Insider Buying and Selling at Nasdaq

In related news, EVP Bryan Everard Smith sold 3,500 shares of the business’s stock in a transaction that occurred 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 owns 55,576 shares in the company, valued at approximately $4,532,778.56. The trade was a 5.92 % 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 link. Insiders own 0.70% of the company’s stock.

Nasdaq Trading Down 0.8 %

NDAQ opened at $72.29 on Wednesday. The firm has a 50 day simple moving average of $79.59 and a 200 day simple moving average of $77.30. Nasdaq, Inc. has a fifty-two week low of $57.96 and a fifty-two week high of $84.15. The company has a market cap of $41.58 billion, a price-to-earnings ratio of 37.65, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. 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 (NASDAQ:NDAQ) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS 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, sell-side analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued 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 1.33%. Nasdaq’s dividend payout ratio is presently 50.00%.

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.