Sumitomo Mitsui Trust Group Inc. Grows Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 6.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,106,984 shares of the financial services provider's stock after buying an additional 71,048 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.19% of Nasdaq worth $80,821,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in NDAQ. Empowered Funds LLC boosted its stake in Nasdaq by 35.8% during the first quarter. Empowered Funds LLC now owns 6,098 shares of the financial services provider's stock valued at $385,000 after buying an additional 1,609 shares during the period. State Board of Administration of Florida Retirement System raised its position in Nasdaq by 3.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 391,680 shares of the financial services provider's stock valued at $24,715,000 after purchasing an additional 13,739 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Nasdaq by 32.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 428,562 shares of the financial services provider's stock valued at $27,042,000 after purchasing an additional 104,269 shares in the last quarter. Kingsview Wealth Management LLC raised its position in Nasdaq by 7.2% during the first quarter. Kingsview Wealth Management LLC now owns 35,920 shares of the financial services provider's stock valued at $2,267,000 after purchasing an additional 2,397 shares in the last quarter. Finally, Picton Mahoney Asset Management purchased a new stake in Nasdaq during the first quarter valued at about $76,000. Institutional investors own 72.47% of the company's stock.

Nasdaq Stock Down 2.3 %

NASDAQ NDAQ opened at $78.06 on Friday. 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 stock has a market capitalization of $44.87 billion, a PE ratio of 46.74, a PEG ratio of 3.12 and a beta of 0.95. Nasdaq, Inc. has a 1 year low of $53.17 and a 1 year high of $80.77. The business's 50-day moving average is $74.15 and its 200 day moving average is $67.22.

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

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq's dividend payout ratio is currently 57.49%.

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 shares were sold at an average price of $77.92, for a total transaction of $935,040.00. Following the completion of the sale, the executive vice president now owns 114,580 shares of the company's stock, valued at $8,928,073.60. This trade represents a 9.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Pc Nelson Griggs sold 6,000 shares of the business's stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.71, for a total value of $454,260.00. Following the completion of the transaction, the insider now directly owns 215,563 shares of the company's stock, valued at approximately $16,320,274.73. This trade represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,384 shares of company stock worth $2,860,902. Corporate insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. StockNews.com upgraded Nasdaq from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. TD Cowen lowered their price target on Nasdaq from $81.00 to $80.00 and set a "hold" rating on the stock in a research report on Monday, October 28th. Argus raised their price target on Nasdaq from $76.00 to $82.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft raised their price target on Nasdaq from $78.00 to $80.00 and gave the company a "hold" rating in a research report on Monday. Finally, Barclays lifted their price objective on Nasdaq from $84.00 to $87.00 and gave the stock an "overweight" 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 stock presently has a consensus rating of "Moderate Buy" and an average price target of $80.87.

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.