IPG Investment Advisors LLC Buys New Shares in Nasdaq, Inc. $NDAQ

IPG Investment Advisors LLC acquired a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 18,283 shares of the financial services provider’s stock, valued at approximately $1,682,000.

Several other large investors have also added to or reduced their stakes in NDAQ. BlackRock Inc. acquired a new position in shares of Nasdaq in the second quarter valued at about $2,931,637,000. Bank of America Corp DE purchased a new stake in Nasdaq in the second quarter valued at approximately $603,631,000. The Manufacturers Life Insurance Company acquired a new position in Nasdaq in the 2nd quarter worth approximately $377,818,000. Legal & General Group Plc acquired a new position in Nasdaq in the 2nd quarter worth approximately $220,130,000. Finally, Deutsche Bank AG acquired a new position in Nasdaq in the 2nd quarter worth approximately $180,099,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, insider Tal Cohen sold 10,390 shares of the firm’s stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $103.34, for a total value of $1,073,702.60. Following the sale, the insider directly owned 205,076 shares of the company’s stock, valued at approximately $21,192,553.84. This trade represents a 4.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Bradley J. Peterson sold 3,987 shares of the business’s stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $104.75, for a total value of $417,638.25. Following the completion of the sale, the executive vice president owned 114,306 shares of the company’s stock, valued at $11,973,553.50. This trade represents a 3.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 22,877 shares of company stock valued at $2,330,505. Company insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on NDAQ. Wells Fargo & Company raised their price target on shares of Nasdaq from $100.00 to $111.00 and gave the stock an “equal weight” rating in a research report on Friday, October 23rd. Raymond James Financial cut their price target on Nasdaq from $119.00 to $109.00 in a research report on Friday, October 9th. Argus lifted their price objective on Nasdaq from $103.00 to $111.00 in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $118.00 price objective on shares of Nasdaq in a report on Friday, October 23rd. Finally, Bank of America lowered their target price on Nasdaq from $135.00 to $132.00 and set a “buy” rating on the stock in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.53.

Nasdaq Stock Down 1.5%

NDAQ opened at $106.97 on Wednesday. The company has a fifty day moving average of $96.08 and a two-hundred day moving average of $90.77. The stock has a market capitalization of $59.36 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 1.91 and a beta of 0.95. Nasdaq, Inc. has a fifty-two week low of $76.55 and a fifty-two week high of $108.69. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.00.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, October 22nd. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.02. Nasdaq had a net margin of 22.81% and a return on equity of 19.03%. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period in the prior year, the company posted $0.88 EPS. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. On average, research analysts expect that Nasdaq, Inc. will post 4.15 earnings per share for the current year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, December 4th. This represents a $1.24 dividend on an annualized basis and a yield of 1.2%. Nasdaq’s dividend payout ratio is currently 33.88%.

Nasdaq Profile

Nasdaq, Inc is a global financial technology and market infrastructure company best known for operating the Nasdaq Stock Market, one of the world’s largest electronic stock exchanges. The company provides listing services for public companies and operates trading venues for equities, options and other financial products. Its exchange business serves companies, investors and market participants in the United States, as well as through Nasdaq’s Nordic and Baltic market operations.

Beyond its exchange activities, Nasdaq provides market data, analytics, indexes and technology used by exchanges, brokers, banks, asset managers and other financial institutions.