Royal London Asset Management Ltd. Buys 14,504 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Royal London Asset Management Ltd. grew its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 9.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 168,364 shares of the financial services provider's stock after buying an additional 14,504 shares during the period. Royal London Asset Management Ltd.'s holdings in Nasdaq were worth $13,016,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rakuten Securities Inc. acquired a new stake in Nasdaq during the 4th quarter valued at $26,000. Founders Capital Management acquired a new stake in shares of Nasdaq during the 4th quarter worth about $27,000. Kestra Investment Management LLC acquired a new stake in shares of Nasdaq during the 4th quarter worth about $33,000. Raleigh Capital Management Inc. boosted its holdings in shares of Nasdaq by 106.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider's stock worth $34,000 after buying an additional 225 shares during the period. Finally, TCTC Holdings LLC acquired a new position in Nasdaq in the 4th quarter valued at about $41,000. 72.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NDAQ has been the subject of a number of research analyst reports. Oppenheimer boosted their price objective on Nasdaq from $86.00 to $89.00 and gave the stock an "outperform" rating in a report on Monday, January 13th. Citigroup lifted their price target on Nasdaq from $78.00 to $84.00 and gave the stock a "neutral" rating in a report on Friday, January 10th. JPMorgan Chase & Co. upped their price objective on Nasdaq from $88.00 to $95.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft raised Nasdaq from a "hold" rating to a "buy" rating and lifted their target price for the stock from $80.00 to $98.00 in a report on Wednesday, January 8th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $95.00 price target on shares of Nasdaq in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $86.88.

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Nasdaq Price Performance

Shares of NDAQ stock traded down $0.14 during trading hours on Wednesday, reaching $77.53. The company's stock had a trading volume of 2,141,597 shares, compared to its average volume of 2,625,374. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. Nasdaq, Inc. has a fifty-two week low of $58.10 and a fifty-two week high of $84.15. The company has a market capitalization of $44.59 billion, a price-to-earnings ratio of 40.38, a PEG ratio of 2.12 and a beta of 0.96. The firm's 50 day simple moving average is $79.23 and its 200-day simple moving average is $77.54.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share 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%. Sell-side analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Friday, March 14th. Nasdaq's dividend payout ratio is 50.00%.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $73.68, for a total value of $1,102,179.12. Following the completion of the transaction, the executive vice president now owns 59,694 shares of the company's stock, valued at $4,398,253.92. This represents a 20.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the transaction, the executive vice president now owns 55,576 shares of the company's stock, valued at $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

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.