Nordea Investment Management AB Acquires 373,376 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Nordea Investment Management AB increased its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 1,022.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 409,906 shares of the financial services provider's stock after acquiring an additional 373,376 shares during the period. Nordea Investment Management AB owned about 0.07% of Nasdaq worth $31,743,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Cumberland Partners Ltd purchased a new position in shares of Nasdaq in the third quarter valued at about $10,400,000. Nomura Asset Management Co. Ltd. raised its position in Nasdaq by 49.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 164,179 shares of the financial services provider's stock valued at $11,987,000 after purchasing an additional 54,594 shares during the last quarter. Thompson Siegel & Walmsley LLC purchased a new stake in Nasdaq in the 3rd quarter worth approximately $2,701,000. Dimensional Fund Advisors LP lifted its holdings in Nasdaq by 8.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,358,843 shares of the financial services provider's stock worth $142,144,000 after buying an additional 174,778 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Nasdaq by 10.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,223,433 shares of the financial services provider's stock worth $235,343,000 after buying an additional 313,079 shares during the last quarter. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Pc Nelson Griggs sold 5,742 shares of Nasdaq stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total value of $444,086.28. Following the completion of the sale, the insider now owns 205,821 shares of the company's stock, valued at $15,918,196.14. The trade was a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Bradley J. Peterson sold 13,642 shares of the company's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $75.32, for a total value of $1,027,515.44. Following the sale, the executive vice president now owns 142,830 shares of the company's stock, valued at approximately $10,757,955.60. This trade represents a 8.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,459 shares of company stock valued at $3,811,808 over the last ninety days. 0.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

NDAQ has been the subject of a number of research analyst reports. StockNews.com raised Nasdaq from a "sell" rating to a "hold" rating in a research note on Saturday, December 14th. Bank of America dropped their target price on shares of Nasdaq from $90.00 to $88.00 and set a "buy" rating for the company in a research report on Thursday, October 3rd. Piper Sandler boosted their price target on shares of Nasdaq from $73.00 to $80.00 and gave the company an "overweight" rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a "hold" rating to a "buy" rating and raised their price objective for the stock from $80.00 to $98.00 in a report on Wednesday. Finally, The Goldman Sachs Group upped their target price on Nasdaq from $77.00 to $83.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, Nasdaq presently has an average rating of "Moderate Buy" and an average price target of $83.60.

Nasdaq Stock Up 2.2 %

NDAQ stock traded up $1.66 during trading on Wednesday, hitting $78.02. 3,600,358 shares of the stock traded hands, compared to its average volume of 2,919,041. The stock has a market cap of $44.84 billion, a price-to-earnings ratio of 46.72, a price-to-earnings-growth ratio of 3.12 and a beta of 0.98. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. Nasdaq, Inc. has a 1 year low of $54.90 and a 1 year high of $83.77. The firm's 50 day moving average is $79.15 and its two-hundred day moving average is $72.56.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The firm had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter in the prior year, the company posted $0.71 earnings per share. The business's revenue for the quarter was up 21.9% on a year-over-year basis. On average, sell-side analysts anticipate that Nasdaq, Inc. will post 2.79 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Friday, December 6th. Nasdaq's dividend payout ratio is currently 57.49%.

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.