ING Groep NV Reduces Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

ING Groep NV lowered its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 9.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 20,713 shares of the financial services provider’s stock after selling 2,154 shares during the quarter. ING Groep NV’s holdings in Nasdaq were worth $1,601,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its holdings in Nasdaq by 12.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 20,301 shares of the financial services provider’s stock valued at $1,482,000 after acquiring an additional 2,171 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Nasdaq by 7.9% in the 3rd quarter. Private Advisor Group LLC now owns 10,860 shares of the financial services provider’s stock worth $793,000 after purchasing an additional 795 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Nasdaq by 388,765.6% during the 3rd quarter. International Assets Investment Management LLC now owns 373,311 shares of the financial services provider’s stock valued at $27,255,000 after purchasing an additional 373,215 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Nasdaq by 820.7% during the third quarter. Assenagon Asset Management S.A. now owns 132,786 shares of the financial services provider’s stock valued at $9,695,000 after buying an additional 118,364 shares during the period. Finally, Dakota Wealth Management increased its position in shares of Nasdaq by 6.1% during the third quarter. Dakota Wealth Management now owns 4,262 shares of the financial services provider’s stock valued at $311,000 after buying an additional 245 shares during the period. 72.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NDAQ has been the subject of several research analyst reports. Oppenheimer raised their price objective on shares of Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a report on Monday, January 13th. UBS Group raised their target price on Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Deutsche Bank Aktiengesellschaft raised Nasdaq from a “hold” rating to a “buy” rating and upped their price target for the stock from $80.00 to $98.00 in a research note on Wednesday, January 8th. William Blair assumed coverage on Nasdaq in a research report on Monday, November 25th. They set an “outperform” rating for the company. Finally, Barclays dropped their target price on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $86.88.

Nasdaq Trading Down 1.8 %

Shares of NASDAQ NDAQ opened at $81.07 on Monday. The firm’s 50 day moving average price is $79.63 and its 200-day moving average price is $76.55. Nasdaq, Inc. has a 52-week low of $55.51 and a 52-week high of $84.15. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The company has a market cap of $46.60 billion, a PE ratio of 42.22, a P/E/G ratio of 2.12 and a beta of 0.99.

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

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.18%. Nasdaq’s dividend payout ratio (DPR) is presently 50.00%.

Insider Buying and Selling

In related news, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the transaction, the executive vice president now owns 55,576 shares in the company, valued at $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is owned by corporate insiders.

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.