LGT Capital Partners LTD. Has $78.78 Million Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

LGT Capital Partners LTD. reduced its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 19.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,019,020 shares of the financial services provider's stock after selling 247,070 shares during the quarter. Nasdaq makes up approximately 3.0% of LGT Capital Partners LTD.'s holdings, making the stock its 12th largest holding. LGT Capital Partners LTD. owned about 0.18% of Nasdaq worth $78,780,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Founders Capital Management acquired a new position in shares of Nasdaq during the fourth quarter valued at $27,000. Kestra Investment Management LLC acquired a new position in Nasdaq during the 4th quarter valued at about $33,000. Raleigh Capital Management Inc. boosted its stake in shares of Nasdaq by 106.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 225 shares during the last quarter. Peterson Financial Group Inc. acquired a new stake in shares of Nasdaq during the 3rd quarter worth approximately $42,000. Finally, Y.D. More Investments Ltd raised its stake in shares of Nasdaq by 94.2% during the fourth quarter. Y.D. More Investments Ltd now owns 606 shares of the financial services provider's stock worth $47,000 after buying an additional 294 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Stock Down 1.1 %

NDAQ traded down $0.81 on Thursday, hitting $72.17. 3,122,576 shares of the company were exchanged, compared to its average volume of 2,905,761. The stock's fifty day moving average is $79.50 and its 200-day moving average is $77.27. Nasdaq, Inc. has a 12 month low of $57.96 and a 12 month high of $84.15. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The company has a market cap of $41.51 billion, a PE ratio of 37.59, a PEG ratio of 2.12 and a beta of 0.96.

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Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. Equities research analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.33%. Nasdaq's dividend payout ratio is presently 50.00%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Oppenheimer raised their price target on Nasdaq from $86.00 to $89.00 and gave the stock an "outperform" rating in a research report on Monday, January 13th. Barclays decreased their target price on Nasdaq from $96.00 to $95.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. JPMorgan Chase & Co. increased their price target on shares of Nasdaq from $88.00 to $95.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. William Blair initiated coverage on shares of Nasdaq in a research note on Monday, November 25th. They issued an "outperform" rating for the company. Finally, Citigroup increased their target price on shares of Nasdaq from $78.00 to $84.00 and gave the stock a "neutral" rating in a report on Friday, January 10th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Nasdaq has a consensus rating of "Moderate Buy" and a consensus target price of $86.88.

Insider Activity

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president now owns 55,576 shares of the company's stock, valued at $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is owned by insiders.

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.