AIA Group Ltd Increases Stock Holdings in Nasdaq, Inc. $NDAQ

AIA Group Ltd grew its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 18.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 89,100 shares of the financial services provider’s stock after purchasing an additional 13,600 shares during the quarter. AIA Group Ltd’s holdings in Nasdaq were worth $7,564,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. MV Capital Management Inc. acquired a new position in shares of Nasdaq in the 4th quarter valued at $28,000. SOA Wealth Advisors LLC. purchased a new position in shares of Nasdaq in the 4th quarter valued at $34,000. Nemes Rush Group LLC acquired a new stake in Nasdaq during the 4th quarter worth $35,000. Uniplan Investment Counsel Inc. purchased a new stake in Nasdaq in the fourth quarter valued at $35,000. Finally, Fideuram Asset Management Ireland dac purchased a new stake in Nasdaq in the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Performance

Shares of Nasdaq stock opened at $91.64 on Monday. Nasdaq, Inc. has a 1 year low of $76.55 and a 1 year high of $101.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $51.83 billion, a P/E ratio of 27.60, a PEG ratio of 1.46 and a beta of 0.99. The company’s fifty day moving average is $87.32 and its two-hundred day moving average is $88.68.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, April 23rd. The financial services provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. Nasdaq had a net margin of 23.15% and a return on equity of 17.51%. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the prior year, the company earned $0.79 earnings per share. The business’s revenue was up 13.7% compared to the same quarter last year. Analysts forecast that Nasdaq, Inc. will post 3.92 earnings per share for the current year.

Nasdaq Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a $0.31 dividend. This is a boost from Nasdaq’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, June 12th. This represents a $1.24 annualized dividend and a yield of 1.4%. Nasdaq’s payout ratio is presently 37.35%.

Insider Buying and Selling

In other Nasdaq news, insider Cohen Tal sold 15,518 shares of Nasdaq stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $90.75, for a total value of $1,408,258.50. Following the transaction, the insider directly owned 215,208 shares in the company, valued at approximately $19,530,126. This trade represents a 6.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Michelle Lynn Daly sold 1,323 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $88.82, for a total value of $117,508.86. Following the completion of the transaction, the senior vice president directly owned 10,089 shares in the company, valued at approximately $896,104.98. The trade was a 11.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 24,551 shares of company stock valued at $2,225,990 in the last quarter. 0.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NDAQ has been the subject of several research analyst reports. Rothschild & Co Redburn set a $110.00 price objective on shares of Nasdaq in a research note on Thursday, June 11th. Loop Capital set a $113.00 target price on Nasdaq in a research report on Friday, April 24th. Keefe, Bruyette & Woods boosted their target price on Nasdaq from $92.00 to $97.00 and gave the company a “market perform” rating in a report on Friday, April 24th. Barclays decreased their target price on Nasdaq from $114.00 to $108.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $113.00 price target (up from $111.00) on shares of Nasdaq in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $107.42.

About Nasdaq

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.