Nasdaq, Inc. (NASDAQ:NDAQ) Shares Bought by LGT Capital Partners LTD.

LGT Capital Partners LTD. grew its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,266,090 shares of the financial services provider’s stock after buying an additional 18,190 shares during the quarter. Nasdaq accounts for approximately 3.2% of LGT Capital Partners LTD.’s holdings, making the stock its 13th biggest holding. LGT Capital Partners LTD.’s holdings in Nasdaq were worth $92,437,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Y.D. More Investments Ltd boosted its stake 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 worth $25,000 after purchasing an additional 202 shares during the last quarter. Hobbs Group Advisors LLC acquired a new position in Nasdaq in the 2nd quarter valued at $26,000. Catalyst Capital Advisors LLC acquired a new position in Nasdaq in the 3rd quarter valued at $27,000. Crewe Advisors LLC lifted its stake in shares of Nasdaq by 164.4% during the 2nd quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 314 shares during the period. Finally, LRI Investments LLC acquired a new stake in shares of Nasdaq during the first quarter worth $31,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on NDAQ shares. Oppenheimer upped their target price on Nasdaq from $84.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. UBS Group upped their price objective on shares of Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Bank of America decreased their target price on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. TD Cowen dropped their price target on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, October 28th. Finally, The Goldman Sachs Group lifted their price target on shares of Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $80.87.

Nasdaq Stock Up 1.3 %

Shares of Nasdaq stock opened at $79.78 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84. Nasdaq, Inc. has a twelve month low of $53.36 and a twelve month high of $80.77. The stock has a market cap of $45.85 billion, a price-to-earnings ratio of 47.77, a price-to-earnings-growth ratio of 3.07 and a beta of 0.95. The company has a fifty day moving average price of $74.45 and a 200 day moving average price of $67.59.

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

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a $0.24 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.20%. Nasdaq’s payout ratio is currently 57.49%.

Insider Activity

In related news, insider Pc Nelson Griggs sold 5,742 shares of Nasdaq stock in a transaction dated 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 directly owns 205,821 shares in the company, valued at $15,918,196.14. This trade represents a 2.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Bradley J. Peterson sold 13,642 shares of Nasdaq stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.32, for a total value of $1,027,515.44. Following the sale, the executive vice president now directly owns 142,830 shares in the company, valued at approximately $10,757,955.60. This trade represents a 8.72 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 37,384 shares of company stock valued at $2,860,902. Company insiders own 0.70% of the company’s stock.

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.