Korea Investment CORP Increases Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Korea Investment CORP boosted its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 10.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 297,577 shares of the financial services provider's stock after acquiring an additional 29,257 shares during the quarter. Korea Investment CORP owned about 0.05% of Nasdaq worth $23,006,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Murphy & Mullick Capital Management Corp acquired a new position in shares of Nasdaq during the fourth quarter worth about $43,000. Congress Wealth Management LLC DE boosted its holdings in Nasdaq by 3.8% in the 4th quarter. Congress Wealth Management LLC DE now owns 7,464 shares of the financial services provider's stock valued at $577,000 after purchasing an additional 270 shares in the last quarter. Vanguard Group Inc. increased its position in Nasdaq by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 52,576,413 shares of the financial services provider's stock worth $4,064,682,000 after purchasing an additional 376,893 shares during the period. Stevens Capital Management LP raised its stake in shares of Nasdaq by 33.2% during the 4th quarter. Stevens Capital Management LP now owns 7,208 shares of the financial services provider's stock worth $557,000 after buying an additional 1,797 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of Nasdaq by 17.9% in the 4th quarter. LPL Financial LLC now owns 441,271 shares of the financial services provider's stock valued at $34,115,000 after buying an additional 66,968 shares during the period. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

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Nasdaq Trading Up 2.2 %

Shares of NASDAQ:NDAQ traded up $1.69 during midday trading on Wednesday, reaching $77.73. The company's stock had a trading volume of 1,620,759 shares, compared to its average volume of 2,752,462. The business has a 50 day moving average price of $78.98 and a 200 day moving average price of $77.68. Nasdaq, Inc. has a 1 year low of $58.10 and a 1 year high of $84.15. The firm has a market cap of $44.71 billion, a price-to-earnings ratio of 40.48, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. 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 posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating 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%. Research analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.24 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.24%. Nasdaq's dividend payout ratio (DPR) is presently 50.00%.

Insider Activity

In other news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the transaction, the executive vice president now directly owns 55,576 shares of the company's stock, valued at $4,532,778.56. The trade was a 5.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the sale, the executive vice president now directly owns 59,694 shares of the company's stock, valued at approximately $4,398,253.92. This trade represents a 20.04 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NDAQ shares. JPMorgan Chase & Co. upped their price objective on Nasdaq from $88.00 to $95.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. UBS Group increased their price target on shares of Nasdaq from $79.00 to $89.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. 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 report on Thursday, January 9th. Bank of America lifted their price target on shares of Nasdaq from $103.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Keefe, Bruyette & Woods upped their price target on Nasdaq from $86.00 to $91.00 and gave the stock an "outperform" rating in a report on Friday, December 20th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, Nasdaq currently has a consensus rating of "Moderate Buy" and an average target price of $87.94.

About Nasdaq

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.