International Assets Investment Management LLC Decreases Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

International Assets Investment Management LLC lessened its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 98.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,883 shares of the financial services provider's stock after selling 368,428 shares during the period. International Assets Investment Management LLC's holdings in Nasdaq were worth $378,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Y.D. More Investments Ltd increased its holdings in Nasdaq by 94.8% during the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider's stock worth $25,000 after purchasing an additional 202 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Nasdaq during the 3rd quarter worth $27,000. Claro Advisors LLC bought a new stake in shares of Nasdaq in the third quarter valued at approximately $33,000. Focused Wealth Management Inc bought a new position in shares of Nasdaq in the third quarter worth $35,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of Nasdaq during the third quarter valued at about $42,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Stock Performance

NASDAQ NDAQ traded down $2.14 on Friday, reaching $75.88. 3,434,466 shares of the company's stock traded hands, compared to its average volume of 3,048,561. The stock has a 50 day moving average price of $79.26 and a 200-day moving average price of $72.89. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $43.61 billion, a price-to-earnings ratio of 45.44, a P/E/G ratio of 3.12 and a beta of 0.98. Nasdaq, Inc. has a fifty-two week low of $54.90 and a fifty-two week high of $83.77.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the firm posted $0.71 earnings per share. The company's revenue was up 21.9% compared to the same quarter last year. Equities research analysts predict that Nasdaq, Inc. will post 2.79 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, December 6th. Nasdaq's payout ratio is 57.49%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Raymond James lifted their target price on shares of Nasdaq from $83.00 to $84.00 and gave the company an "outperform" rating in a research report on Thursday. Oppenheimer lifted their price objective on Nasdaq from $84.00 to $86.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a "hold" rating to a "buy" rating and raised their price objective for the stock from $80.00 to $98.00 in a report on Wednesday. Royal Bank of Canada reiterated an "outperform" rating and issued a $95.00 price target on shares of Nasdaq in a research note on Thursday. Finally, TD Cowen dropped their target price on Nasdaq from $81.00 to $80.00 and set a "hold" rating on the stock in a report on Monday, October 28th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Nasdaq has an average rating of "Moderate Buy" and an average price target of $85.60.

Insider Activity

In related news, insider Pc Nelson Griggs sold 5,742 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total value of $444,086.28. Following the sale, the insider now owns 205,821 shares of the company's stock, valued at $15,918,196.14. This trade represents a 2.71 % 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 Nasdaq stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.32, for a total value of $1,027,515.44. Following the sale, the executive vice president now directly 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 worth $3,811,808 in the last quarter. Corporate insiders own 0.70% of the company's stock.

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.