SG Americas Securities LLC Decreases Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

SG Americas Securities LLC lowered its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 80.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,577 shares of the financial services provider's stock after selling 19,443 shares during the quarter. SG Americas Securities LLC's holdings in Nasdaq were worth $354,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NDAQ. USA Financial Formulas acquired a new stake in shares of Nasdaq in the fourth quarter valued at about $856,000. Nomura Asset Management Co. Ltd. lifted its position in shares of 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 acquiring an additional 54,594 shares during the period. Cumberland Partners Ltd purchased a new stake in shares of Nasdaq during the 3rd quarter worth approximately $10,400,000. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Nasdaq during the 3rd quarter worth approximately $2,701,000. Finally, Capricorn Fund Managers Ltd acquired a new stake in shares of Nasdaq in the 4th quarter worth approximately $978,000. Institutional investors and hedge funds own 72.47% of the company's stock.

Nasdaq Trading Down 1.1 %

Nasdaq stock traded down $0.94 during trading on Friday, hitting $82.82. The company's stock had a trading volume of 1,865,239 shares, compared to its average volume of 2,852,502. The stock's fifty day moving average is $79.55 and its 200 day moving average is $75.38. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. Nasdaq, Inc. has a 1-year low of $54.90 and a 1-year high of $84.15. The stock has a market capitalization of $47.60 billion, a price-to-earnings ratio of 43.14, a P/E/G ratio of 2.12 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. As a group, equities research analysts predict that Nasdaq, Inc. will post 3.17 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.16%. Nasdaq's dividend payout ratio (DPR) is presently 50.00%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NDAQ shares. StockNews.com raised Nasdaq from a "sell" rating to a "hold" rating in a report on Saturday, December 14th. UBS Group lifted their price target on Nasdaq from $79.00 to $89.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. TD Cowen lowered their price objective on shares of Nasdaq from $81.00 to $80.00 and set a "hold" rating on the stock in a research note on Monday, October 28th. Citigroup lifted their target price on shares of Nasdaq from $78.00 to $84.00 and gave the stock a "neutral" rating in a research report on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a "hold" rating to a "buy" rating and increased their price target for the company from $80.00 to $98.00 in a research report on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Nasdaq currently has a consensus rating of "Moderate Buy" and an average price target of $86.88.

Insider Activity

In related news, EVP Jeremy Skule sold 12,075 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $78.75, for a total value of $950,906.25. Following the transaction, the executive vice president now owns 102,505 shares in the company, valued at approximately $8,072,268.75. This trade represents a 10.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the transaction, the executive vice president now directly owns 55,576 shares in the company, valued at approximately $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company's stock.

Nasdaq Company 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.