Nasdaq, Inc. $NDAQ Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 32.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,697 shares of the financial services provider’s stock after buying an additional 3,610 shares during the period. SG Americas Securities LLC’s holdings in Nasdaq were worth $1,314,000 at the end of the most recent quarter.

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

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft raised their price target on Nasdaq from $97.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Raymond James Financial restated an “outperform” rating and issued a $100.00 price target (up previously from $99.00) on shares of Nasdaq in a report on Monday, October 13th. Cowen reissued a “hold” rating on shares of Nasdaq in a research report on Wednesday, October 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $108.00 price objective on shares of Nasdaq in a report on Thursday, October 9th. Finally, Keefe, Bruyette & Woods lifted their target price on Nasdaq from $103.00 to $104.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Fifteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $101.00.

Nasdaq Stock Performance

NASDAQ:NDAQ opened at $87.66 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.72. Nasdaq, Inc. has a 1 year low of $64.84 and a 1 year high of $97.63. The firm’s fifty day simple moving average is $88.14 and its 200 day simple moving average is $88.90. The firm has a market capitalization of $50.05 billion, a PE ratio of 31.31, a PEG ratio of 1.79 and a beta of 0.98.

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

Nasdaq Dividend Announcement

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

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.