Pathstone Holdings LLC Grows Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Pathstone Holdings LLC boosted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 275.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 404,041 shares of the financial services provider's stock after acquiring an additional 296,551 shares during the period. Pathstone Holdings LLC owned 0.07% of Nasdaq worth $29,499,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NDAQ. Farallon Capital Management LLC increased its stake in shares of Nasdaq by 28.4% in the 1st quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider's stock worth $532,357,000 after acquiring an additional 1,866,219 shares during the last quarter. Diamond Hill Capital Management Inc. raised its stake in Nasdaq by 2.0% during the second quarter. Diamond Hill Capital Management Inc. now owns 4,767,175 shares of the financial services provider's stock worth $287,270,000 after purchasing an additional 94,122 shares during the period. Mizuho Securities USA LLC boosted its holdings in Nasdaq by 13,532.3% in the 3rd quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider's stock valued at $292,040,000 after purchasing an additional 3,970,658 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Nasdaq by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,443,939 shares of the financial services provider's stock valued at $147,272,000 after buying an additional 82,606 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Nasdaq by 8.0% during 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 last quarter. Institutional investors and hedge funds own 72.47% of the company's stock.

Analyst Ratings Changes

Several research analysts recently 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. Deutsche Bank Aktiengesellschaft increased their price target on Nasdaq from $78.00 to $80.00 and gave the stock a "hold" rating in a report on Monday, November 11th. Argus boosted their price objective on shares of Nasdaq from $76.00 to $82.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Barclays upped their price objective on shares of Nasdaq from $84.00 to $87.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Finally, Oppenheimer boosted their price objective on Nasdaq from $84.00 to $86.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, Nasdaq currently has a consensus rating of "Moderate Buy" and a consensus price target of $80.87.

Nasdaq Price Performance

Shares of Nasdaq stock traded up $0.38 during trading on Tuesday, reaching $80.16. The company's stock had a trading volume of 1,865,291 shares, compared to its average volume of 2,876,373. The business has a 50 day moving average price of $74.62 and a 200-day moving average price of $67.73. Nasdaq, Inc. has a 12-month low of $53.36 and a 12-month high of $80.77. The company has a market capitalization of $46.07 billion, a P/E ratio of 48.00, a price-to-earnings-growth ratio of 3.07 and a beta of 0.95. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84.

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

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.20%. Nasdaq's payout ratio is 57.49%.

Insider Transactions at Nasdaq

In other news, insider Pc Nelson Griggs sold 6,000 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.71, for a total value of $454,260.00. Following the sale, the insider now directly owns 215,563 shares in the company, valued at $16,320,274.73. This represents a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bradley J. Peterson sold 13,642 shares of the firm's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the transaction, the executive vice president now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,384 shares of company stock valued at $2,860,902 in the last quarter. 0.70% of the stock is currently owned by corporate 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.