Norinchukin Bank The Decreases Stock Holdings in Nasdaq Inc (NASDAQ:NDAQ)

Norinchukin Bank The trimmed its position in shares of Nasdaq Inc (NASDAQ:NDAQ) by 12.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,982 shares of the financial services provider’s stock after selling 1,160 shares during the period. Norinchukin Bank The’s holdings in Nasdaq were worth $768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. ARK Investment Management LLC raised its holdings in Nasdaq by 16.6% during the 2nd quarter. ARK Investment Management LLC now owns 9,647 shares of the financial services provider’s stock valued at $928,000 after buying an additional 1,373 shares during the period. State Treasurer State of Michigan grew its position in Nasdaq by 1.8% in the 1st quarter. State Treasurer State of Michigan now owns 33,411 shares of the financial services provider’s stock valued at $2,923,000 after acquiring an additional 600 shares during the last quarter. Wealthfront Advisers LLC grew its position in Nasdaq by 78.3% in the 1st quarter. Wealthfront Advisers LLC now owns 9,689 shares of the financial services provider’s stock valued at $848,000 after acquiring an additional 4,254 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Nasdaq by 6.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 212,296 shares of the financial services provider’s stock valued at $20,417,000 after acquiring an additional 13,042 shares during the last quarter. Finally, Cibc Bank USA bought a new position in Nasdaq in the 1st quarter valued at $788,000. 75.63% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Lars Ottersgard sold 4,861 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $99.14, for a total transaction of $481,919.54. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Charlene T. Begley sold 6,160 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $96.54, for a total value of $594,686.40. The disclosure for this sale can be found here. Insiders have sold a total of 16,517 shares of company stock worth $1,607,245 in the last three months. Corporate insiders own 0.50% of the company’s stock.

NDAQ has been the topic of several research analyst reports. Bank of America reaffirmed a “neutral” rating and issued a $88.00 price objective on shares of Nasdaq in a research report on Friday, May 31st. UBS Group upped their price objective on Nasdaq from $103.00 to $113.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Deutsche Bank cut their price objective on Nasdaq from $113.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Citigroup downgraded Nasdaq from a “neutral” rating to a “sell” rating and upped their price objective for the company from $93.00 to $95.00 in a research report on Monday, July 22nd. Finally, Raymond James upped their price objective on Nasdaq from $96.00 to $108.00 and gave the company an “outperform” rating in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $102.33.

Shares of NDAQ traded up $1.89 during midday trading on Friday, reaching $103.91. 21,338 shares of the stock were exchanged, compared to its average volume of 480,985. Nasdaq Inc has a 52 week low of $75.49 and a 52 week high of $104.69. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The company’s 50 day moving average is $98.58 and its two-hundred day moving average is $93.35. The company has a market capitalization of $16.45 billion, a P/E ratio of 21.39, a PEG ratio of 2.96 and a beta of 0.65.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.03. Nasdaq had a return on equity of 14.68% and a net margin of 12.86%. The business had revenue of $665.00 million for the quarter, compared to the consensus estimate of $629.06 million. During the same quarter in the prior year, the company earned $1.18 EPS. The business’s revenue was up 2.5% compared to the same quarter last year. On average, sell-side analysts expect that Nasdaq Inc will post 4.92 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Thursday, September 12th. Nasdaq’s payout ratio is 38.84%.

Nasdaq Company Profile

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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