Mitsubishi UFJ Asset Management Co. Ltd. Has $53.36 Million Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 14.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 682,229 shares of the financial services provider’s stock after purchasing an additional 87,096 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Nasdaq were worth $53,364,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Korea Investment CORP increased its position in Nasdaq by 10.9% during the fourth quarter. Korea Investment CORP now owns 297,577 shares of the financial services provider’s stock worth $23,006,000 after buying an additional 29,257 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in shares of Nasdaq during the 4th quarter valued at about $43,000. Congress Wealth Management LLC DE raised its stake in shares of Nasdaq by 3.8% in the 4th quarter. Congress Wealth Management LLC DE now owns 7,464 shares of the financial services provider’s stock valued at $577,000 after acquiring an additional 270 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Nasdaq by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 52,576,413 shares of the financial services provider’s stock worth $4,064,682,000 after purchasing an additional 376,893 shares during the last quarter. Finally, Stevens Capital Management LP boosted its position in Nasdaq by 33.2% during the fourth quarter. Stevens Capital Management LP now owns 7,208 shares of the financial services provider’s stock worth $557,000 after purchasing an additional 1,797 shares during the period. Institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Down 1.9 %

Shares of NDAQ stock opened at $74.91 on Friday. Nasdaq, Inc. has a one year low of $58.10 and a one 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 stock has a fifty day moving average price of $79.12 and a 200 day moving average price of $77.55. The stock has a market cap of $43.08 billion, a P/E ratio of 39.02, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96.

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

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Friday, March 14th. Nasdaq’s payout ratio is 50.00%.

Insider Activity

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the transaction, the executive vice president now directly owns 55,576 shares in the company, valued at $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Sarah Youngwood sold 14,959 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the sale, the executive vice president now directly owns 59,694 shares of the company’s stock, valued at approximately $4,398,253.92. The trade was a 20.04 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on NDAQ shares. Barclays dropped their price target on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and lifted their target price for the stock from $80.00 to $98.00 in a report on Wednesday, January 8th. StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Thursday. Raymond James lifted their price objective on Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. Finally, Oppenheimer increased their target price on Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Nasdaq presently has an average rating of “Moderate Buy” and a consensus target price of $86.88.

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.