Los Angeles Capital Management LLC Sells 6,128 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Los Angeles Capital Management LLC lowered its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQFree Report) by 40.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,077 shares of the financial services provider’s stock after selling 6,128 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Nasdaq were worth $528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company lifted its holdings in shares of Nasdaq by 214.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 6,281,617 shares of the financial services provider’s stock valued at $305,224,000 after purchasing an additional 4,280,846 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Nasdaq by 16.6% in the third quarter. Ameriprise Financial Inc. now owns 4,787,784 shares of the financial services provider’s stock worth $232,564,000 after acquiring an additional 681,238 shares in the last quarter. Northern Trust Corp grew its stake in shares of Nasdaq by 5.4% during the third quarter. Northern Trust Corp now owns 3,363,894 shares of the financial services provider’s stock worth $163,452,000 after acquiring an additional 171,959 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Nasdaq by 16.7% during the third quarter. Invesco Ltd. now owns 2,654,180 shares of the financial services provider’s stock valued at $128,967,000 after acquiring an additional 378,936 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich raised its position in shares of Nasdaq by 5.1% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,625,448 shares of the financial services provider’s stock valued at $152,644,000 after purchasing an additional 127,978 shares during the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Buying and Selling at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,036 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.89, for a total transaction of $181,826.04. Following the transaction, the executive vice president now owns 58,636 shares in the company, valued at approximately $3,511,710.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Bryan Everard Smith sold 3,036 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $59.89, for a total transaction of $181,826.04. Following the completion of the sale, the executive vice president now owns 58,636 shares of the company’s stock, valued at $3,511,710.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the completion of the transaction, the insider now directly owns 58,341,545 shares in the company, valued at $3,383,809,610. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,010,436 shares of company stock valued at $1,798,647,360. Company insiders own 0.75% of the company’s stock.

Nasdaq Price Performance

NASDAQ:NDAQ opened at $60.66 on Friday. The company has a 50 day moving average price of $60.77 and a 200-day moving average price of $57.22. Nasdaq, Inc. has a 1-year low of $46.88 and a 1-year high of $64.25. The firm has a market cap of $34.89 billion, a price-to-earnings ratio of 31.93, a price-to-earnings-growth ratio of 3.32 and a beta of 0.94. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.99 and a quick ratio of 0.99.

Nasdaq (NASDAQ:NDAQGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). Nasdaq had a net margin of 15.98% and a return on equity of 17.00%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the firm posted $0.69 EPS. The firm’s quarterly revenue was up 22.2% on a year-over-year basis. Equities research analysts forecast that Nasdaq, Inc. will post 2.69 EPS for the current year.

Nasdaq Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.58%. This is an increase from Nasdaq’s previous quarterly dividend of $0.22. Nasdaq’s dividend payout ratio is currently 46.32%.

Wall Street Analyst Weigh In

NDAQ has been the topic of several research analyst reports. Edward Jones started coverage on shares of Nasdaq in a research report on Wednesday, April 3rd. They set a “buy” rating on the stock. Barclays reduced their target price on Nasdaq from $76.00 to $73.00 and set an “overweight” rating for the company in a research note on Friday, April 26th. Rosenblatt Securities downgraded Nasdaq from a “buy” rating to a “neutral” rating and dropped their price target for the company from $76.00 to $64.00 in a research note on Wednesday. StockNews.com cut Nasdaq from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Finally, UBS Group upped their target price on Nasdaq from $56.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Nasdaq presently has an average rating of “Moderate Buy” and an average target price of $65.92.

Check Out Our Latest Stock Report on NDAQ

Nasdaq Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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