Royal London Asset Management Ltd. Buys 15,187 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Royal London Asset Management Ltd. raised its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 11.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 153,860 shares of the financial services provider's stock after buying an additional 15,187 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Nasdaq were worth $11,233,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Citizens Financial Group Inc. RI boosted its stake in Nasdaq by 3.6% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider's stock worth $290,000 after acquiring an additional 137 shares during the last quarter. First Pacific Financial raised its holdings in Nasdaq by 1.0% in the third quarter. First Pacific Financial now owns 13,842 shares of the financial services provider's stock worth $1,011,000 after purchasing an additional 142 shares during the period. Crestwood Advisors Group LLC boosted its position in shares of 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 purchasing an additional 149 shares in the last quarter. Kentucky Retirement Systems grew its holdings in shares of Nasdaq by 0.5% in the 3rd quarter. Kentucky Retirement Systems now owns 28,828 shares of the financial services provider's stock valued at $2,105,000 after buying an additional 154 shares during the period. Finally, Signaturefd LLC increased its position in shares of Nasdaq by 2.5% in the 3rd quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider's stock valued at $481,000 after buying an additional 162 shares in the last quarter. Institutional investors own 72.47% of the company's stock.

Insider Buying and Selling

In other Nasdaq news, EVP Bradley J. Peterson sold 13,642 shares of the 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 transaction, the executive vice president now owns 142,830 shares in the company, valued at $10,757,955.60. This trade represents a 8.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Pc Nelson Griggs sold 6,000 shares of the business's stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.71, for a total transaction of $454,260.00. Following the completion of the sale, the insider now directly owns 215,563 shares of the company's stock, valued at approximately $16,320,274.73. The trade was a 2.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,459 shares of company stock valued at $3,811,808. Company insiders own 0.70% of the company's stock.

Nasdaq Stock Performance

Nasdaq stock traded down $0.13 during midday trading on Friday, reaching $81.14. 4,918,018 shares of the company's stock were exchanged, compared to its average volume of 2,347,206. The stock's 50-day simple moving average is $76.82 and its 200 day simple moving average is $69.53. The firm has a market cap of $46.64 billion, a price-to-earnings ratio of 48.59, a P/E/G ratio of 3.15 and a beta of 0.97. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. Nasdaq, Inc. has a 52 week low of $53.62 and a 52 week high of $83.77.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.74 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 company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the company posted $0.71 EPS. The firm's revenue for the quarter was up 21.9% compared to the same quarter last year. On average, analysts expect that Nasdaq, Inc. will post 2.79 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq's dividend payout ratio is presently 57.49%.

Analyst Ratings Changes

NDAQ has been the subject of a number of research analyst reports. The Goldman Sachs Group boosted their target price on Nasdaq from $77.00 to $83.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Barclays increased their target price on Nasdaq from $84.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. William Blair began coverage on shares of Nasdaq in a research note on Monday, November 25th. They issued an "outperform" rating on the stock. Oppenheimer increased their price objective on shares of Nasdaq from $84.00 to $86.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Finally, Argus boosted their price objective on shares of Nasdaq from $76.00 to $82.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $80.87.

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.