International Assets Investment Management LLC Has $629,000 Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

International Assets Investment Management LLC cut its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 78.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,814 shares of the financial services provider’s stock after selling 39,795 shares during the period. International Assets Investment Management LLC’s holdings in Nasdaq were worth $629,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NDAQ. Loomis Sayles & Co. L P acquired a new position in Nasdaq in the 3rd quarter valued at $26,000. Carmel Capital Partners LLC acquired a new position in Nasdaq in the 3rd quarter valued at $32,000. Sunbelt Securities Inc. acquired a new position in Nasdaq in the 3rd quarter valued at $65,000. Anchor Investment Management LLC acquired a new position in shares of Nasdaq during the 4th quarter worth $87,000. Finally, Blue Trust Inc. raised its holdings in shares of Nasdaq by 46.1% during the 4th quarter. Blue Trust Inc. now owns 1,961 shares of the financial services provider’s stock worth $114,000 after buying an additional 619 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on NDAQ shares. The Goldman Sachs Group raised Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price target for the company in a report on Tuesday, March 26th. Rosenblatt Securities reissued a “buy” rating and set a $82.00 price target on shares of Nasdaq in a report on Thursday, February 1st. Barclays started coverage on Nasdaq in a report on Thursday, April 11th. They set an “overweight” rating and a $76.00 price target for the company. StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Finally, Edward Jones began coverage on Nasdaq in a report on Wednesday, April 3rd. They set a “buy” rating for the company. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $67.09.

Insider Activity at Nasdaq

In related news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the transaction, the insider now directly owns 58,341,545 shares of the company’s stock, valued at approximately $3,383,809,610. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, EVP Bryan Everard Smith sold 7,400 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $62.91, for a total value of $465,534.00. Following the completion of the sale, the executive vice president now directly owns 61,672 shares of the company’s stock, valued at $3,879,785.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the completion of the sale, the insider now directly owns 58,341,545 shares of the company’s stock, valued at $3,383,809,610. The disclosure for this sale can be found here. 0.75% of the stock is owned by corporate insiders.

Nasdaq Trading Up 0.7 %

Shares of NDAQ stock opened at $61.50 on Thursday. The firm has a market capitalization of $35.38 billion, a P/E ratio of 29.15, a P/E/G ratio of 2.80 and a beta of 0.93. Nasdaq, Inc. has a twelve month low of $46.88 and a twelve month high of $64.25. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.94. The stock’s fifty day simple moving average is $59.74 and its 200 day simple moving average is $56.36.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, January 31st. The financial services provider reported $0.72 EPS for the quarter, beating the consensus estimate of $0.70 by $0.02. Nasdaq had a return on equity of 19.28% and a net margin of 17.48%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the company earned $0.64 EPS. The firm’s revenue for the quarter was up 21.4% compared to the same quarter last year. As a group, sell-side analysts predict that Nasdaq, Inc. will post 2.75 EPS for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.88 annualized dividend and a dividend yield of 1.43%. Nasdaq’s payout ratio is 41.71%.

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.