Assenagon Asset Management S.A. Increases Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Assenagon Asset Management S.A. lifted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 125.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 299,590 shares of the financial services provider's stock after purchasing an additional 166,804 shares during the quarter. Assenagon Asset Management S.A. owned 0.05% of Nasdaq worth $23,161,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. raised its holdings in Nasdaq by 49.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 164,179 shares of the financial services provider's stock worth $11,987,000 after buying an additional 54,594 shares during the last quarter. Cumberland Partners Ltd purchased a new position in shares of Nasdaq during the third quarter valued at approximately $10,400,000. Thompson Siegel & Walmsley LLC bought a new stake in Nasdaq during the third quarter worth $2,701,000. Dimensional Fund Advisors LP raised its position in Nasdaq by 8.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,358,843 shares of the financial services provider's stock valued at $142,144,000 after buying an additional 174,778 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Nasdaq by 10.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,223,433 shares of the financial services provider's stock valued at $235,343,000 after buying an additional 313,079 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Jeremy Skule sold 12,075 shares of the company's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $78.75, for a total transaction of $950,906.25. Following the completion of the transaction, the executive vice president now owns 102,505 shares in the company, valued at $8,072,268.75. This represents a 10.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bradley J. Peterson sold 13,642 shares of the company's stock in a transaction on Monday, October 28th. The stock was sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the completion of the transaction, the executive vice president now owns 142,830 shares of the company's stock, valued at $10,757,955.60. This trade represents a 8.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 49,459 shares of company stock valued at $3,811,808 in the last ninety days. Company insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Piper Sandler upped their price objective on shares of Nasdaq from $73.00 to $80.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a "hold" rating to a "buy" rating and lifted their price target for the stock from $80.00 to $98.00 in a report on Wednesday, January 8th. Citigroup upped their price objective on Nasdaq from $78.00 to $84.00 and gave the company a "neutral" rating in a research note on Friday, January 10th. Royal Bank of Canada reiterated an "outperform" rating and set a $95.00 target price on shares of Nasdaq in a research note on Thursday, January 9th. Finally, The Goldman Sachs Group raised their price objective on shares of Nasdaq from $77.00 to $83.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, Nasdaq currently has an average rating of "Moderate Buy" and an average price target of $85.73.

Nasdaq Price Performance

Shares of NDAQ stock traded up $0.44 during trading on Friday, hitting $78.83. The company had a trading volume of 2,714,641 shares, compared to its average volume of 2,235,793. Nasdaq, Inc. has a 52 week low of $54.90 and a 52 week high of $83.77. The stock has a market capitalization of $45.31 billion, a price-to-earnings ratio of 47.20, a price-to-earnings-growth ratio of 2.59 and a beta of 0.98. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. The stock's 50-day moving average is $79.29 and its two-hundred day moving average is $73.31.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The business had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.17 billion. During the same period last year, the business earned $0.71 earnings per share. The business's quarterly revenue was up 21.9% on a year-over-year basis. As a group, analysts predict that Nasdaq, Inc. will post 2.8 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a dividend of $0.24 per share. The ex-dividend date was Friday, December 6th. This represents a $0.96 annualized dividend and a yield of 1.22%. Nasdaq's payout ratio is 57.49%.

Nasdaq Company Profile

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.