Nasdaq, Inc. $NDAQ Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQFree Report) by 41.7% in the third quarter, HoldingsChannel.com reports. 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 SEC filing.

Other large investors have also recently made changes to their positions in the company. Empowered Funds LLC lifted its stake in Nasdaq by 3.8% in the first quarter. Empowered Funds LLC now owns 14,574 shares of the financial services provider’s stock worth $1,106,000 after acquiring an additional 538 shares during the last quarter. Woodline Partners LP raised its holdings in shares of Nasdaq by 40.7% in the 1st quarter. Woodline Partners LP now owns 34,962 shares of the financial services provider’s stock valued at $2,652,000 after purchasing an additional 10,110 shares in the last quarter. Focus Partners Wealth lifted its position in shares of Nasdaq by 22.0% during the 1st quarter. Focus Partners Wealth now owns 14,351 shares of the financial services provider’s stock worth $1,089,000 after purchasing an additional 2,584 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Nasdaq by 345.5% during the first quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 463 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in Nasdaq by 10.8% in the second quarter. Janney Montgomery Scott LLC now owns 47,837 shares of the financial services provider’s stock valued at $4,278,000 after buying an additional 4,676 shares during the last quarter. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Nasdaq

Here are the key news stories impacting Nasdaq this week:

Insider Activity

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

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $96.89 on Friday. The stock 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, Inc. has a twelve month low of $64.84 and a twelve month high of $101.79. The stock has a 50 day moving average of $95.74 and a two-hundred day moving average of $92.63. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.70.

Nasdaq (NASDAQ:NDAQGet Free Report) last announced its earnings results on Thursday, January 29th. The financial services provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. Nasdaq had a net margin of 21.77% and a return on equity of 16.90%. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the previous year, the company posted $0.76 EPS. The company’s quarterly revenue was up 13.4% on a year-over-year basis. On average, research analysts forecast 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. Shareholders of record on Monday, March 16th will be paid a $0.27 dividend. The ex-dividend date is Monday, March 16th. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. Nasdaq’s payout ratio is currently 38.57%.

Analyst Ratings Changes

A number of analysts have issued reports on NDAQ shares. TD Cowen lifted their price target on Nasdaq from $104.00 to $105.00 and gave the stock a “hold” rating in a report on Friday. Royal Bank Of Canada restated an “outperform” rating and set a $108.00 target price on shares of Nasdaq in a research note on Friday. Morgan Stanley set a $116.00 price target on Nasdaq and gave the company an “overweight” rating in a report on Friday. JPMorgan Chase & Co. raised their price objective on shares of Nasdaq from $100.00 to $101.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Nasdaq in a research report on Friday, January 9th. Fourteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $103.13.

View Our Latest Report on Nasdaq

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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