Tokio Marine Asset Management Co. Ltd. Acquires 1,491 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Tokio Marine Asset Management Co. Ltd. boosted its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 13.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 12,741 shares of the financial services provider’s stock after acquiring an additional 1,491 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Nasdaq were worth $930,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Nasdaq by 12.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 517,000 shares of the financial services provider’s stock worth $32,624,000 after acquiring an additional 57,900 shares during the last quarter. Swedbank AB bought a new position in shares of Nasdaq in the first quarter worth approximately $2,595,000. Blair William & Co. IL raised its position in shares of Nasdaq by 55.8% during the 1st quarter. Blair William & Co. IL now owns 27,622 shares of the financial services provider’s stock valued at $1,743,000 after buying an additional 9,894 shares in the last quarter. Diversified Trust Co lifted its stake in Nasdaq by 45.2% during the second quarter. Diversified Trust Co now owns 28,813 shares of the financial services provider’s stock worth $1,736,000 after purchasing an additional 8,974 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in Nasdaq by 52.7% in the first quarter. Cetera Investment Advisers now owns 30,214 shares of the financial services provider’s stock worth $1,907,000 after buying an additional 10,427 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Oppenheimer boosted their price objective on shares of Nasdaq from $84.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods boosted their target price on Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Royal Bank of Canada restated an “outperform” rating and issued a $88.00 price target on shares of Nasdaq in a research note on Friday, October 25th. The Goldman Sachs Group raised their price target on Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Finally, StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.87.

Nasdaq Stock Performance

Shares of Nasdaq stock opened at $78.76 on Friday. The stock has a market capitalization of $45.27 billion, a price-to-earnings ratio of 47.16, a PEG ratio of 3.12 and a beta of 0.95. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. The firm’s fifty day simple moving average is $74.28 and its 200-day simple moving average is $67.35. Nasdaq, Inc. has a 12 month low of $53.36 and a 12 month high of $80.77.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The firm’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 earnings per share. As a group, equities analysts forecast that Nasdaq, Inc. will post 2.78 earnings per share for the current year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq’s dividend payout ratio (DPR) is 57.49%.

Insider Transactions at Nasdaq

In related news, EVP Bradley J. Peterson sold 13,642 shares of the business’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 value of $1,027,515.44. Following the completion of the sale, the executive vice president now owns 142,830 shares of the company’s stock, valued at approximately $10,757,955.60. The trade was a 8.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Pc Nelson Griggs sold 6,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.71, for a total value of $454,260.00. Following the transaction, the insider now owns 215,563 shares in the company, valued at approximately $16,320,274.73. This trade represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,384 shares of company stock valued at $2,860,902. 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.