Nasdaq, Inc. (NASDAQ:NDAQ) Shares Acquired by LGT Capital Partners LTD.

LGT Capital Partners LTD. lifted its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 1.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,266,090 shares of the financial services provider's stock after acquiring an additional 18,190 shares during the period. Nasdaq accounts for 3.2% of LGT Capital Partners LTD.'s holdings, making the stock its 13th largest position. LGT Capital Partners LTD. owned about 0.22% of Nasdaq worth $92,437,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in NDAQ. Catalyst Capital Advisors LLC purchased a new position in Nasdaq during the third quarter worth approximately $27,000. Y.D. More Investments Ltd raised its holdings in shares of 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 acquiring an additional 202 shares during the period. Hobbs Group Advisors LLC acquired a new position in shares of Nasdaq during the 2nd quarter valued at about $26,000. Claro Advisors LLC purchased a new stake in shares of Nasdaq in the third quarter valued at about $33,000. Finally, Focused Wealth Management Inc acquired a new stake in Nasdaq during the third quarter worth about $35,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on NDAQ shares. Barclays boosted their target price on shares of Nasdaq from $84.00 to $87.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Morgan Stanley raised their target price on Nasdaq from $92.00 to $93.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. Piper Sandler increased their price target on Nasdaq from $73.00 to $80.00 and gave the stock an "overweight" rating in a report on Tuesday, October 8th. TD Cowen reduced their price objective on shares of Nasdaq from $81.00 to $80.00 and set a "hold" rating on the stock in a report on Monday, October 28th. Finally, Oppenheimer lifted their target price on shares of Nasdaq from $84.00 to $86.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $80.87.

Insider Activity

In related news, EVP Jeremy Skule sold 12,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $77.92, for a total transaction of $935,040.00. Following the transaction, the executive vice president now owns 114,580 shares in the company, valued at $8,928,073.60. This trade represents a 9.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Bradley J. Peterson sold 13,642 shares of the business's stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.32, for a total value of $1,027,515.44. Following the completion of the sale, the executive vice president now owns 142,830 shares of the company's stock, valued at approximately $10,757,955.60. This represents a 8.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,384 shares of company stock worth $2,860,902. Corporate insiders own 0.70% of the company's stock.

Nasdaq Stock Up 0.3 %

Shares of Nasdaq stock traded up $0.24 during trading on Tuesday, hitting $80.02. 946,844 shares of the stock were exchanged, compared to its average volume of 2,871,936. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. The firm's 50-day moving average price is $74.45 and its 200 day moving average price is $67.59. The stock has a market cap of $45.99 billion, a price-to-earnings ratio of 47.82, a price-to-earnings-growth ratio of 3.07 and a beta of 0.95. Nasdaq, Inc. has a 12-month low of $53.36 and a 12-month high of $80.77.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The business had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same period in the prior year, the firm posted $0.71 EPS. The business's quarterly revenue was up 21.9% compared to the same quarter last year. As a group, analysts forecast that Nasdaq, Inc. will post 2.78 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 annualized dividend and a dividend yield of 1.20%. Nasdaq's dividend payout ratio is presently 57.49%.

Nasdaq 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.