Brooklyn Investment Group Takes $128,000 Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Brooklyn Investment Group purchased a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,751 shares of the financial services provider’s stock, valued at approximately $128,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP boosted its stake in Nasdaq by 14.9% in the third quarter. Quantbot Technologies LP now owns 164,986 shares of the financial services provider’s stock worth $12,046,000 after purchasing an additional 21,441 shares in the last quarter. FMR LLC lifted its stake in shares of Nasdaq by 24.4% during the third quarter. FMR LLC now owns 977,949 shares of the financial services provider’s stock valued at $71,400,000 after acquiring an additional 191,705 shares during the period. D.A. Davidson & CO. increased its position in Nasdaq by 4.1% in the third quarter. D.A. Davidson & CO. now owns 14,956 shares of the financial services provider’s stock worth $1,092,000 after purchasing an additional 590 shares during the period. Dai ichi Life Insurance Company Ltd acquired a new position in Nasdaq during the 3rd quarter valued at about $2,106,000. Finally, Qsemble Capital Management LP raised its stake in shares of Nasdaq by 28.1% during the third quarter. Qsemble Capital Management LP now owns 38,471 shares of the financial services provider’s stock worth $2,809,000 after buying an additional 8,433 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Nasdaq

In other news, insider Pc Nelson Griggs sold 6,000 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.71, for a total transaction of $454,260.00. Following the transaction, the insider now directly owns 215,563 shares in the company, valued at $16,320,274.73. The trade was a 2.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Bradley J. Peterson sold 13,642 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.32, for a total transaction 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 $10,757,955.60. This trade represents a 8.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,459 shares of company stock valued at $3,811,808. Insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on NDAQ. Oppenheimer lifted their target price on shares of Nasdaq from $84.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Argus lifted their price objective on Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group increased their target price on Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. William Blair began coverage on Nasdaq in a research report on Monday. They set an “outperform” rating for the company. Finally, TD Cowen cut their price target on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $80.87.

Nasdaq Trading Up 0.5 %

NASDAQ:NDAQ opened at $83.05 on Thursday. The company has a market cap of $47.73 billion, a P/E ratio of 49.73, a price-to-earnings-growth ratio of 3.17 and a beta of 0.95. Nasdaq, Inc. has a twelve month low of $53.62 and a twelve month high of $83.50. The business has a 50 day moving average price of $75.47 and a two-hundred day moving average price of $68.46. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84.

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

Nasdaq Announces Dividend

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 issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 annualized dividend and a yield of 1.16%. 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.