Nasdaq, Inc. (NASDAQ:NDAQ) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC grew its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 388,765.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 373,311 shares of the financial services provider’s stock after purchasing an additional 373,215 shares during the period. International Assets Investment Management LLC’s holdings in Nasdaq were worth $27,255,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of NDAQ. Y.D. More Investments Ltd lifted its stake in shares of Nasdaq by 94.8% in the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 202 shares during the last quarter. Hobbs Group Advisors LLC acquired a new position in shares of Nasdaq in the 2nd quarter valued at $26,000. Crewe Advisors LLC lifted its stake in shares of Nasdaq by 164.4% in the 2nd quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 314 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of Nasdaq in the 1st quarter valued at $31,000. Finally, Claro Advisors LLC purchased a new stake in shares of Nasdaq in the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Raymond James upgraded Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price objective on the stock in a report on Monday, October 14th. The Goldman Sachs Group boosted their price objective on Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Oppenheimer boosted their price objective on Nasdaq from $84.00 to $86.00 and gave the company an “outperform” rating in a report on Friday. Keefe, Bruyette & Woods boosted their price objective on Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $88.00 price objective on shares of Nasdaq in a report on Friday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $79.27.

Nasdaq Trading Up 0.9 %

NASDAQ:NDAQ opened at $75.34 on Tuesday. The stock has a 50-day simple moving average of $72.66 and a 200-day simple moving average of $65.80. The stock has a market cap of $43.39 billion, a P/E ratio of 45.11, a P/E/G ratio of 3.10 and a beta of 0.95. Nasdaq, Inc. has a 1 year low of $47.72 and a 1 year high of $75.89. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.94 and a current ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.05. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 EPS. As a group, analysts anticipate that Nasdaq, Inc. will post 2.76 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.27%. Nasdaq’s dividend payout ratio (DPR) is presently 57.49%.

Nasdaq 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.