Mitsubishi UFJ Trust & Banking Corp Has $18.04 Million Stock Holdings in Nasdaq, Inc. $NDAQ

Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 7.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 201,684 shares of the financial services provider’s stock after buying an additional 14,330 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Nasdaq were worth $18,035,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NDAQ. Bruce G. Allen Investments LLC grew its holdings in shares of Nasdaq by 72.7% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock valued at $25,000 after buying an additional 120 shares during the period. Access Investment Management LLC bought a new position in Nasdaq in the second quarter valued at $28,000. CVA Family Office LLC grew its holdings in shares of Nasdaq by 137.4% in the 2nd quarter. CVA Family Office LLC now owns 368 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 213 shares in the last quarter. Bayforest Capital Ltd acquired a new position in shares of Nasdaq during the 2nd quarter worth approximately $37,000. Finally, AlphaQuest LLC bought a new stake in shares of Nasdaq during the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NDAQ shares. Deutsche Bank Aktiengesellschaft lifted their target price on Nasdaq from $97.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. TD Cowen boosted their price target on Nasdaq from $94.00 to $96.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Nasdaq in a research report on Friday, July 25th. Piper Sandler raised their target price on Nasdaq from $97.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Nasdaq in a report on Tuesday, October 14th. Fourteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.67.

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $87.08 on Friday. The stock has a market cap of $49.72 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 1.79 and a beta of 0.98. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.99 and a current ratio of 0.99. Nasdaq, Inc. has a fifty-two week low of $64.84 and a fifty-two week high of $97.63. The firm’s 50-day simple moving average is $88.99 and its 200 day simple moving average is $88.57.

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

Nasdaq Dividend Announcement

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

Insider Activity at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $85.40, for a total value of $179,767.00. Following the completion of the transaction, the executive vice president directly owned 84,974 shares of the company’s stock, valued at $7,256,779.60. This trade represents a 2.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.70% of the company’s stock.

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.