Daiwa Securities Group Inc. Acquires 3,869 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Daiwa Securities Group Inc. lifted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,577 shares of the financial services provider’s stock after purchasing an additional 3,869 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Nasdaq were worth $8,394,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Founders Capital Management acquired a new stake in Nasdaq during the 4th quarter worth approximately $27,000. Kestra Investment Management LLC bought a new stake in shares of Nasdaq during the fourth quarter worth $33,000. Raleigh Capital Management Inc. raised its holdings in shares of Nasdaq by 106.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 225 shares during the period. Peterson Financial Group Inc. acquired a new stake in shares of Nasdaq during the third quarter worth $42,000. Finally, Y.D. More Investments Ltd lifted its position in Nasdaq by 94.2% in the 4th quarter. Y.D. More Investments Ltd now owns 606 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 294 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $72.29 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The business’s 50 day moving average price is $79.59 and its two-hundred day moving average price is $77.30. The company has a market cap of $41.58 billion, a PE ratio of 37.65, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. Nasdaq, Inc. has a twelve month low of $57.96 and a twelve month high of $84.15.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. On average, analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Friday, March 14th. Nasdaq’s dividend payout ratio is presently 50.00%.

Wall Street Analysts Forecast Growth

NDAQ has been the topic of several recent research reports. UBS Group lifted their price target on Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 target price on shares of Nasdaq in a research report on Thursday, January 30th. JPMorgan Chase & Co. raised their price target on shares of Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Barclays reduced their target price on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Finally, Oppenheimer lifted their price target on shares of Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $86.88.

Insider Buying and Selling

In related news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the sale, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. This trade represents a 5.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.70% of the stock is currently owned by 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.