Lbp Am Sa Purchases 341,884 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

LBP AM SA grew its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 257.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 474,587 shares of the financial services provider's stock after acquiring an additional 341,884 shares during the quarter. LBP AM SA owned 0.08% of Nasdaq worth $36,690,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP grew its position in Nasdaq by 163.3% in the third quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider's stock valued at $2,835,235,000 after purchasing an additional 24,084,154 shares in the last quarter. Mizuho Securities USA LLC grew its holdings in shares of Nasdaq by 13,532.3% in the 3rd quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider's stock valued at $292,040,000 after acquiring an additional 3,970,658 shares in the last quarter. State Street Corp increased its position in shares of Nasdaq by 11.2% in the third quarter. State Street Corp now owns 17,951,698 shares of the financial services provider's stock valued at $1,310,653,000 after acquiring an additional 1,811,616 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Nasdaq in the fourth quarter valued at about $110,867,000. Finally, Raymond James Financial Inc. bought a new stake in Nasdaq during the fourth quarter worth about $105,481,000. 72.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on NDAQ. Keefe, Bruyette & Woods raised their price target on Nasdaq from $86.00 to $91.00 and gave the company an "outperform" rating in a research note on Friday, December 20th. UBS Group raised their target price on shares of Nasdaq from $79.00 to $89.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. upped their price target on shares of Nasdaq from $88.00 to $95.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Oppenheimer increased their price target on shares of Nasdaq from $86.00 to $89.00 and gave the company an "outperform" rating in a research note on Monday, January 13th. Finally, Raymond James boosted their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the stock an "outperform" rating in a research note on Thursday, January 9th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $86.88.

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Insider Activity

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the transaction, the executive vice president now owns 55,576 shares in the company, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is owned by company insiders.

Nasdaq Stock Performance

NASDAQ NDAQ traded up $0.75 on Tuesday, reaching $75.30. The stock had a trading volume of 2,633,301 shares, compared to its average volume of 2,773,221. Nasdaq, Inc. has a 1-year low of $58.10 and a 1-year high of $84.15. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The company has a market cap of $43.31 billion, a P/E ratio of 39.22, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. The firm has a fifty day moving average of $79.25 and a two-hundred day moving average of $77.36.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. On average, equities research analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.27%. Nasdaq's payout ratio is 50.00%.

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.