LGT Group Foundation Acquires 295 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

LGT Group Foundation grew its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 0.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,880 shares of the financial services provider’s stock after acquiring an additional 295 shares during the period. LGT Group Foundation’s holdings in Nasdaq were worth $3,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of NDAQ. Thoma Bravo L.P. bought a new stake in shares of Nasdaq during the 4th quarter valued at $4,166,454,000. Norges Bank bought a new stake in shares of Nasdaq during the 4th quarter valued at $239,347,000. Vanguard Group Inc. grew its position in shares of Nasdaq by 7.0% during the 1st quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider’s stock valued at $3,043,936,000 after acquiring an additional 3,173,981 shares during the period. Farallon Capital Management LLC grew its position in shares of Nasdaq by 28.4% during the 1st quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider’s stock valued at $532,357,000 after acquiring an additional 1,866,219 shares during the period. Finally, Bain Capital Public Equity Management II LLC bought a new stake in shares of Nasdaq during the 4th quarter valued at $96,241,000. Institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Down 0.4 %

Shares of NDAQ stock opened at $71.65 on Tuesday. The stock has a market cap of $41.27 billion, a P/E ratio of 37.71, a PEG ratio of 2.94 and a beta of 0.95. Nasdaq, Inc. has a 52 week low of $46.88 and a 52 week high of $74.17. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.85. The company’s fifty day simple moving average is $66.91 and its two-hundred day simple moving average is $62.60.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.05. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The business’s revenue was up 25.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 EPS. Analysts predict that Nasdaq, Inc. will post 2.74 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Friday, September 13th. Nasdaq’s dividend payout ratio is 50.53%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NDAQ shares. Keefe, Bruyette & Woods upped their target price on shares of Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Bank of America raised shares of Nasdaq from an “underperform” rating to a “buy” rating and upped their target price for the stock from $53.00 to $90.00 in a report on Wednesday, September 4th. Oppenheimer upped their target price on shares of Nasdaq from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Monday. Barclays upped their target price on shares of Nasdaq from $74.00 to $77.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Nasdaq from $66.00 to $72.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $72.08.

Insider Activity

In other news, major shareholder Seller Lp Argus sold 42,804,207 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the sale, the insider now directly owns 42,804,207 shares in the company, valued at approximately $2,764,295,688.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.70% of the company’s stock.

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.