Mizuho Securities USA LLC Has $292.04 Million Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Mizuho Securities USA LLC boosted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 13,532.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,000,000 shares of the financial services provider’s stock after acquiring an additional 3,970,658 shares during the period. Nasdaq accounts for 0.8% of Mizuho Securities USA LLC’s investment portfolio, making the stock its 21st biggest holding. Mizuho Securities USA LLC owned approximately 0.70% of Nasdaq worth $292,040,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Nasdaq by 7.0% during the first quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider’s stock valued at $3,043,936,000 after purchasing an additional 3,173,981 shares during the period. Farallon Capital Management LLC lifted its holdings in Nasdaq by 28.4% during the 1st quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider’s stock valued at $532,357,000 after purchasing an additional 1,866,219 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in Nasdaq by 283.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 1,154,143 shares of the financial services provider’s stock valued at $72,880,000 after buying an additional 853,414 shares in the last quarter. Principal Financial Group Inc. grew its stake in Nasdaq by 67.6% during the second quarter. Principal Financial Group Inc. now owns 2,022,546 shares of the financial services provider’s stock worth $121,879,000 after buying an additional 815,946 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Nasdaq by 26.5% during the first quarter. Bessemer Group Inc. now owns 2,878,115 shares of the financial services provider’s stock worth $181,609,000 after buying an additional 602,040 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Nasdaq Price Performance

Shares of NDAQ opened at $78.76 on Friday. The stock has a market cap of $45.27 billion, a P/E ratio of 47.16, a price-to-earnings-growth ratio of 3.12 and a beta of 0.95. Nasdaq, Inc. has a 1 year low of $53.36 and a 1 year high of $80.77. The stock’s 50-day moving average price is $74.28 and its two-hundred day moving average price is $67.35. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share 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 for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the firm earned $0.71 EPS. Nasdaq’s quarterly revenue was up 21.9% compared to the same quarter last year. On average, equities analysts predict that Nasdaq, Inc. will post 2.78 earnings per share for the current year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Friday, December 6th. Nasdaq’s dividend payout ratio (DPR) is 57.49%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NDAQ shares. Keefe, Bruyette & Woods raised their price target on Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, July 26th. UBS Group raised their target price on Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Morgan Stanley upped their price target on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Nasdaq from $78.00 to $80.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Finally, Argus upped their target price on shares of Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Nasdaq presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.87.

Insider Activity at Nasdaq

In other news, EVP Jeremy Skule sold 12,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $77.92, for a total value of $935,040.00. Following the sale, the executive vice president now directly owns 114,580 shares in the company, valued at $8,928,073.60. The trade was a 9.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Bradley J. Peterson sold 13,642 shares of Nasdaq stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.32, for a total value of $1,027,515.44. Following the completion of the sale, the executive vice president now directly owns 142,830 shares in the company, valued at approximately $10,757,955.60. This represents a 8.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,384 shares of company stock worth $2,860,902 in the last quarter. Corporate insiders own 0.70% of the company’s stock.

About Nasdaq

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.