Thrivent Financial for Lutherans Has $39.92 Million Position in Nasdaq, Inc. $NDAQ

Thrivent Financial for Lutherans decreased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 37.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 446,611 shares of the financial services provider’s stock after selling 273,007 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.08% of Nasdaq worth $39,921,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NDAQ. US Bancorp DE grew its holdings in Nasdaq by 35.9% during the 2nd quarter. US Bancorp DE now owns 64,153 shares of the financial services provider’s stock worth $5,737,000 after acquiring an additional 16,950 shares during the period. Pallas Capital Advisors LLC acquired a new stake in shares of Nasdaq during the second quarter worth $498,000. 111 Capital increased its holdings in Nasdaq by 67.0% in the second quarter. 111 Capital now owns 11,089 shares of the financial services provider’s stock valued at $992,000 after purchasing an additional 4,450 shares during the last quarter. FORA Capital LLC acquired a new position in Nasdaq in the first quarter valued at about $664,000. Finally, Fiduciary Alliance LLC boosted its holdings in Nasdaq by 18.9% during the second quarter. Fiduciary Alliance LLC now owns 25,012 shares of the financial services provider’s stock worth $2,237,000 after buying an additional 3,976 shares during the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Jeremy Skule sold 2,105 shares of Nasdaq stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $85.40, for a total value of $179,767.00. Following the sale, the executive vice president owned 84,974 shares of the company’s stock, valued at approximately $7,256,779.60. This trade represents a 2.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.70% of the company’s stock.

Nasdaq Stock Down 0.7%

Shares of NDAQ stock opened at $92.93 on Tuesday. Nasdaq, Inc. has a 12-month low of $64.84 and a 12-month high of $97.63. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.72. The firm has a fifty day moving average of $88.62 and a 200-day moving average of $90.07. The company has a market capitalization of $53.06 billion, a price-to-earnings ratio of 33.19, a P/E/G ratio of 1.70 and a beta of 1.02.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. Nasdaq had a net margin of 19.90% and a return on equity of 16.28%. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.74 EPS. As a group, equities research analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, December 5th. Nasdaq’s dividend payout ratio is currently 38.57%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Barclays reaffirmed an “overweight” rating and issued a $114.00 price target (up from $109.00) on shares of Nasdaq in a research note on Friday. TD Cowen upped their target price on shares of Nasdaq from $94.00 to $96.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. Cowen reissued a “hold” rating on shares of Nasdaq in a research report on Wednesday, October 22nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $108.00 price target on shares of Nasdaq in a report on Thursday, October 9th. Finally, Morgan Stanley raised Nasdaq from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $97.00 to $110.00 in a research note on Thursday, November 20th. Fourteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.33.

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.