National Bank of Canada FI Acquires 524,874 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

National Bank of Canada FI boosted its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 435.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 645,359 shares of the financial services provider's stock after buying an additional 524,874 shares during the period. National Bank of Canada FI owned approximately 0.11% of Nasdaq worth $38,386,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its holdings in shares of Nasdaq by 7.5% during the first quarter. Janney Montgomery Scott LLC now owns 240,851 shares of the financial services provider's stock worth $15,198,000 after purchasing an additional 16,797 shares during the last quarter. Kingsview Wealth Management LLC purchased a new position in Nasdaq in the 4th quarter valued at approximately $1,949,000. SG Americas Securities LLC increased its holdings in Nasdaq by 312.0% in the first quarter. SG Americas Securities LLC now owns 183,849 shares of the financial services provider's stock valued at $11,601,000 after buying an additional 139,228 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Nasdaq by 12.8% in the 4th quarter. BNP Paribas Financial Markets now owns 415,101 shares of the financial services provider's stock valued at $24,134,000 after purchasing an additional 46,957 shares during the period. Finally, Quantbot Technologies LP lifted its position in Nasdaq by 237.3% during the 1st quarter. Quantbot Technologies LP now owns 30,845 shares of the financial services provider's stock worth $1,946,000 after acquiring an additional 21,699 shares during the period. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Argus upped their price objective on shares of Nasdaq from $64.00 to $66.00 and gave the company a "buy" rating in a research note on Tuesday, May 14th. Barclays boosted their target price on shares of Nasdaq from $74.00 to $77.00 and gave the stock an "overweight" rating in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft boosted their target price on Nasdaq from $66.00 to $72.00 and gave the company a "hold" rating in a research note on Thursday, August 15th. Keefe, Bruyette & Woods increased their price objective on Nasdaq from $76.00 to $78.00 and gave the company an "outperform" rating in a research report on Friday, July 26th. Finally, Oppenheimer lifted their price objective on Nasdaq from $72.00 to $75.00 and gave the company an "outperform" rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $71.69.

Insider Transactions at Nasdaq

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of the firm's stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the completion of the sale, the insider now directly owns 42,804,207 shares in the company, valued at $2,764,295,688.06. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.70% of the company's stock.

Nasdaq Stock Performance

NDAQ traded down $1.45 during trading on Friday, hitting $71.95. 3,970,477 shares of the stock were exchanged, compared to its average volume of 2,927,106. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.85. Nasdaq, Inc. has a 1-year low of $46.88 and a 1-year high of $74.17. The stock has a fifty day moving average price of $66.67 and a two-hundred day moving average price of $62.40. The firm has a market capitalization of $41.39 billion, a P/E ratio of 37.87, a PEG ratio of 3.06 and a beta of 0.94.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.05. The firm had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.13 billion. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The firm's revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.71 earnings per share. As a group, sell-side analysts predict that Nasdaq, Inc. will post 2.74 earnings per share for the current year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a $0.24 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.96 annualized dividend and a dividend yield of 1.33%. Nasdaq's payout ratio is 50.53%.

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.