Nasdaq, Inc. (NASDAQ:NDAQ) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 43.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,238,121 shares of the financial services provider’s stock after purchasing an additional 375,278 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.22% of Nasdaq worth $95,719,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in NDAQ. Olstein Capital Management L.P. grew its position in shares of Nasdaq by 35.6% during 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 acquiring an additional 21,000 shares during the last quarter. NINE MASTS CAPITAL Ltd acquired a new position in Nasdaq in the fourth quarter valued at $274,000. Pacer Advisors Inc. raised its holdings in shares of Nasdaq by 75.7% in the fourth quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider’s stock valued at $4,170,000 after buying an additional 23,244 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Nasdaq by 892.3% during the fourth quarter. Teacher Retirement System of Texas now owns 60,647 shares of the financial services provider’s stock worth $4,689,000 after buying an additional 54,535 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Nasdaq by 26.1% during 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 buying an additional 9,130 shares during the period. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq Trading Up 0.0 %

Shares of Nasdaq stock opened at $78.19 on Tuesday. Nasdaq, Inc. has a 1 year low of $58.28 and a 1 year high of $84.15. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The business has a 50 day moving average price of $74.55 and a 200 day moving average price of $77.63. The company has a market capitalization of $44.89 billion, a P/E ratio of 40.72, a P/E/G ratio of 2.12 and a beta of 1.00.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.63 earnings per share. Sell-side analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.27 per share. This is a boost from Nasdaq’s previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Friday, June 13th. Nasdaq’s dividend payout ratio (DPR) is currently 49.09%.

Analyst Ratings Changes

NDAQ has been the subject of a number of recent research reports. Citigroup decreased their price objective on Nasdaq from $84.00 to $75.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a report on Friday, April 18th. Keefe, Bruyette & Woods upped their price objective on shares of Nasdaq from $87.00 to $88.00 and gave the stock an “outperform” rating in a research report on Friday, April 25th. Raymond James lifted their target price on shares of Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Finally, Redburn Atlantic upgraded shares of Nasdaq from a “neutral” rating to a “buy” rating and set a $91.00 price objective for the company in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.18.

Insider Transactions at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 657 shares of the firm’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $71.81, for a total value of $47,179.17. Following the sale, the executive vice president now directly owns 61,980 shares of the company’s stock, valued at approximately $4,450,783.80. This trade represents a 1.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sarah Youngwood sold 14,959 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the transaction, the executive vice president now directly owns 59,694 shares of the company’s stock, valued at approximately $4,398,253.92. This represents a 20.04 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

Nasdaq Company 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.