Nasdaq, Inc. (NASDAQ:NDAQ) Holdings Increased by Toronto Dominion Bank

Toronto Dominion Bank raised its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 39.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 207,322 shares of the financial services provider's stock after acquiring an additional 58,213 shares during the quarter. Toronto Dominion Bank's holdings in Nasdaq were worth $15,137,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NDAQ. Wellington Management Group LLP lifted its position in shares of Nasdaq by 163.3% in the third quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider's stock valued at $2,835,235,000 after acquiring an additional 24,084,154 shares in the last quarter. State Street Corp lifted its holdings in Nasdaq by 11.2% in the 3rd quarter. State Street Corp now owns 17,951,698 shares of the financial services provider's stock valued at $1,310,653,000 after purchasing an additional 1,811,616 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Nasdaq by 9.5% in the 3rd quarter. Geode Capital Management LLC now owns 10,761,240 shares of the financial services provider's stock valued at $783,181,000 after purchasing an additional 932,665 shares in the last quarter. Harris Associates L P boosted its stake in shares of Nasdaq by 14.6% during the 3rd quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider's stock worth $627,596,000 after purchasing an additional 1,096,090 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. grew its holdings in shares of 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 buying an additional 94,122 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company's stock.

Insider Transactions at Nasdaq

In related news, EVP Jeremy Skule sold 12,075 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $78.75, for a total value of $950,906.25. Following the completion of the transaction, the executive vice president now owns 102,505 shares of the company's stock, valued at approximately $8,072,268.75. This represents a 10.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Pc Nelson Griggs sold 5,742 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total value of $444,086.28. Following the sale, the insider now owns 205,821 shares of the company's stock, valued at approximately $15,918,196.14. This trade represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,459 shares of company stock valued at $3,811,808. Corporate insiders own 0.70% of the company's stock.

Nasdaq Stock Down 0.9 %

Shares of NASDAQ:NDAQ traded down $0.75 during midday trading on Friday, hitting $80.12. 1,890,505 shares of the company's stock traded hands, compared to its average volume of 2,849,274. The firm's fifty day moving average price is $77.59 and its two-hundred day moving average price is $70.12. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. Nasdaq, Inc. has a twelve month low of $54.54 and a twelve month high of $83.77. The company has a market cap of $46.05 billion, a PE ratio of 47.98, a P/E/G ratio of 3.17 and a beta of 0.97.

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

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid 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 dividend payout ratio is currently 57.49%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NDAQ. Raymond James raised shares of Nasdaq from a "market perform" rating to an "outperform" rating and set a $82.00 price objective on the stock in a research note on Monday, October 14th. Royal Bank of Canada reissued an "outperform" rating and set a $88.00 price target on shares of Nasdaq in a research note on Tuesday, November 19th. William Blair started coverage on Nasdaq in a research report on Monday, November 25th. They issued an "outperform" rating for the company. StockNews.com downgraded Nasdaq from a "hold" rating to a "sell" rating in a research report on Friday, December 6th. Finally, Morgan Stanley lifted their price target on Nasdaq from $92.00 to $93.00 and gave the company an "overweight" rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, Nasdaq has a consensus rating of "Moderate Buy" and an average price target of $81.53.

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.