Wellington Management Group LLP Increases Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Wellington Management Group LLP raised its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 163.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,833,510 shares of the financial services provider's stock after buying an additional 24,084,154 shares during the quarter. Wellington Management Group LLP owned 6.76% of Nasdaq worth $2,835,235,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new stake in Nasdaq during the third quarter worth approximately $27,000. Y.D. More Investments Ltd lifted its position in shares of Nasdaq by 94.8% during the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 202 shares during the period. Hobbs Group Advisors LLC acquired a new stake in shares of Nasdaq during the 2nd quarter worth $26,000. Claro Advisors LLC bought a new position in shares of Nasdaq in the third quarter worth $33,000. Finally, Focused Wealth Management Inc acquired a new position in Nasdaq in the third quarter valued at about $35,000. Institutional investors own 72.47% of the company's stock.

Insider Buying and Selling

In related news, insider Pc Nelson Griggs sold 6,000 shares of Nasdaq stock in a transaction 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 completion of the sale, the insider now owns 215,563 shares of the company's stock, valued at approximately $16,320,274.73. This trade represents a 2.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Bradley J. Peterson sold 13,642 shares of the company's stock in a transaction 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 owns 142,830 shares in the company, valued at approximately $10,757,955.60. The trade was 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 owned by corporate insiders.

Analyst Ratings Changes

NDAQ has been the subject of several analyst reports. UBS Group boosted their target price on shares of Nasdaq from $73.00 to $79.00 and gave the company a "neutral" rating in a research report on Tuesday, October 8th. The Goldman Sachs Group boosted their price objective on shares of Nasdaq from $77.00 to $83.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. Argus raised their target price on Nasdaq from $76.00 to $82.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Barclays boosted their price target on Nasdaq from $84.00 to $87.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Finally, StockNews.com lowered Nasdaq from a "hold" rating to a "sell" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, Nasdaq has an average rating of "Moderate Buy" and an average price target of $80.87.

Nasdaq Trading Down 0.2 %

Shares of NASDAQ NDAQ traded down $0.13 during midday trading on Friday, reaching $81.14. The stock had a trading volume of 4,918,018 shares, compared to its average volume of 2,347,206. The company's 50 day moving average price is $76.82 and its 200 day moving average price is $69.48. 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 $53.62 and a twelve month high of $83.77. The firm has a market cap of $46.64 billion, a price-to-earnings ratio of 48.59, a price-to-earnings-growth ratio of 3.15 and a beta of 0.97.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released 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. The business had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The firm's revenue was up 21.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 earnings per share. As a group, sell-side analysts expect that Nasdaq, Inc. will post 2.79 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors 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 1.18%. Nasdaq's payout ratio is presently 57.49%.

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.