Mirae Asset Global Investments Co. Ltd. Grows Stock Holdings in Nasdaq, Inc. $NDAQ

Mirae Asset Global Investments Co. Ltd. grew its stake in Nasdaq, Inc. (NASDAQ:NDAQFree Report) by 41.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,090 shares of the financial services provider’s stock after purchasing an additional 22,685 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Nasdaq were worth $6,819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Cary Street Partners Investment Advisory LLC boosted its stake in Nasdaq by 2.3% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 4,935 shares of the financial services provider’s stock worth $441,000 after buying an additional 110 shares during the last quarter. Leavell Investment Management Inc. raised its holdings in shares of Nasdaq by 0.4% during the 2nd quarter. Leavell Investment Management Inc. now owns 26,156 shares of the financial services provider’s stock worth $2,339,000 after acquiring an additional 116 shares during the period. Fielder Capital Group LLC boosted its position in shares of Nasdaq by 3.0% during the 2nd quarter. Fielder Capital Group LLC now owns 4,253 shares of the financial services provider’s stock valued at $380,000 after acquiring an additional 122 shares during the last quarter. Freedom Investment Management Inc. grew its holdings in shares of Nasdaq by 2.3% in the second quarter. Freedom Investment Management Inc. now owns 5,684 shares of the financial services provider’s stock valued at $508,000 after purchasing an additional 128 shares during the period. Finally, Advisors Capital Management LLC increased its position in Nasdaq by 3.4% during the second quarter. Advisors Capital Management LLC now owns 3,968 shares of the financial services provider’s stock worth $355,000 after purchasing an additional 129 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq News Roundup

Here are the key news stories impacting Nasdaq this week:

Nasdaq Trading Down 1.2%

NDAQ opened at $96.89 on Friday. Nasdaq, Inc. has a 52 week low of $64.84 and a 52 week high of $101.79. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.70. The business has a fifty day simple moving average of $95.74 and a 200-day simple moving average of $92.63. The firm has a market cap of $55.32 billion, a P/E ratio of 31.36, a P/E/G ratio of 1.47 and a beta of 1.01.

Nasdaq (NASDAQ:NDAQGet Free Report) last posted its earnings results on Thursday, January 29th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.04. Nasdaq had a return on equity of 16.90% and a net margin of 21.77%.The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the company earned $0.76 EPS. Nasdaq’s revenue was up 13.4% on a year-over-year basis. On average, equities analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.08 annualized dividend and a dividend yield of 1.1%. Nasdaq’s dividend payout ratio (DPR) is presently 38.57%.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $85.40, for a total value of $179,767.00. Following the completion of the transaction, the executive vice president owned 84,974 shares in the company, valued at $7,256,779.60. The trade was a 2.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP John Zecca sold 4,500 shares of the company’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $100.01, for a total value of $450,045.00. Following the sale, the executive vice president directly owned 125,674 shares in the company, valued at $12,568,656.74. This represents a 3.46% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 306,605 shares of company stock worth $29,546,812. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NDAQ shares. Royal Bank Of Canada restated an “outperform” rating and set a $108.00 price target on shares of Nasdaq in a report on Friday. UBS Group reiterated a “buy” rating and issued a $120.00 price objective (up from $115.00) on shares of Nasdaq in a report on Monday, January 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of Nasdaq in a research note on Friday, January 9th. Morgan Stanley set a $116.00 price target on Nasdaq and gave the company an “overweight” rating in a research note on Friday. Finally, TD Cowen raised their price objective on Nasdaq from $104.00 to $105.00 and gave the stock a “hold” rating in a research report on Friday. Fourteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Nasdaq presently has a consensus rating of “Moderate Buy” and an average target price of $103.13.

Get Our Latest Research Report on NDAQ

About Nasdaq

(Free Report)

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.

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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