LGT Fund Management Co Ltd. Has $1.80 Million Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

LGT Fund Management Co Ltd. cut its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,320 shares of the financial services provider’s stock after selling 436 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in Nasdaq were worth $1,803,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Olstein Capital Management L.P. grew its holdings in Nasdaq by 35.6% in the fourth quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider’s stock worth $6,185,000 after purchasing an additional 21,000 shares during the period. Pacer Advisors Inc. grew its holdings in Nasdaq by 75.7% in the fourth quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider’s stock worth $4,170,000 after purchasing an additional 23,244 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Nasdaq by 26.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,173 shares of the financial services provider’s stock worth $3,454,000 after purchasing an additional 9,130 shares during the period. USA Financial Formulas acquired a new stake in Nasdaq in the fourth quarter worth $856,000. Finally, Nomura Asset Management Co. Ltd. grew its holdings in Nasdaq by 49.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 164,179 shares of the financial services provider’s stock worth $11,987,000 after purchasing an additional 54,594 shares during the period. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on NDAQ. UBS Group raised their price target on shares of Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Keefe, Bruyette & Woods raised their price objective on shares of Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Argus raised their price objective on shares of Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, December 14th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of Nasdaq in a research note on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.88.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $81.97 on Tuesday. The firm has a market cap of $47.14 billion, a price-to-earnings ratio of 42.69, a P/E/G ratio of 2.12 and a beta of 0.99. 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 52 week low of $56.30 and a 52 week high of $84.15. The firm’s 50-day simple moving average is $79.92 and its two-hundred day simple moving average is $77.07.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping the consensus estimate 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 analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq’s dividend payout ratio is 50.00%.

Insiders Place Their Bets

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the sale, the executive vice president now owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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.