Mirae Asset Global Investments Co. Ltd. Buys 9,130 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 26.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,173 shares of the financial services provider's stock after buying an additional 9,130 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Nasdaq were worth $3,454,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Citizens Financial Group Inc. RI increased its position in Nasdaq by 3.6% during the third quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider's stock worth $290,000 after buying an additional 137 shares during the last quarter. First Pacific Financial increased its position in Nasdaq by 1.0% during the third quarter. First Pacific Financial now owns 13,842 shares of the financial services provider's stock worth $1,011,000 after buying an additional 142 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in Nasdaq by 1.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider's stock worth $759,000 after buying an additional 148 shares during the last quarter. Brooklyn Investment Group increased its position in Nasdaq by 8.5% during the fourth quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider's stock worth $147,000 after buying an additional 148 shares during the last quarter. Finally, Crestwood Advisors Group LLC increased its position in Nasdaq by 4.2% during the third quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider's stock worth $268,000 after buying an additional 149 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company's stock.

Nasdaq Price Performance

Shares of NDAQ stock traded down $0.37 during trading hours on Wednesday, reaching $79.92. The company's stock had a trading volume of 2,681,696 shares, compared to its average volume of 2,834,910. The firm's 50 day simple moving average is $79.53 and its 200-day simple moving average is $75.75. The company has a market capitalization of $45.93 billion, a price-to-earnings ratio of 41.63, a PEG ratio of 2.15 and a beta of 0.99. Nasdaq, Inc. has a fifty-two week low of $54.90 and a fifty-two week high of $84.15. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. Sell-side analysts forecast that Nasdaq, Inc. will post 3.17 earnings per share for the current year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq's dividend payout ratio is presently 50.00%.

Insider Activity at Nasdaq

In related 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 sale, the executive vice president now owns 55,576 shares of the company's stock, 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 SEC, which is available through this hyperlink. Also, EVP Jeremy Skule sold 12,075 shares of the firm's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $78.75, for a total value of $950,906.25. Following the sale, the executive vice president now directly owns 102,505 shares in the company, valued at approximately $8,072,268.75. This trade represents a 10.54 % decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

NDAQ has been the topic of several research reports. TD Cowen decreased their target price on Nasdaq from $81.00 to $80.00 and set a "hold" rating on the stock in a research report on Monday, October 28th. StockNews.com raised Nasdaq from a "sell" rating to a "hold" rating in a research report on Saturday, December 14th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $95.00 target price on shares of Nasdaq in a research report on Thursday, January 30th. Barclays decreased their target price on Nasdaq from $96.00 to $95.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. Finally, UBS Group upped their target price on Nasdaq from $79.00 to $89.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $86.88.

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.