LGT Group Foundation Has $4.07 Million Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

LGT Group Foundation lowered its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,702 shares of the financial services provider’s stock after selling 1,796 shares during the period. LGT Group Foundation’s holdings in Nasdaq were worth $4,074,000 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. Catalyst Capital Advisors LLC acquired a new position in shares of Nasdaq during the third quarter worth $27,000. Founders Capital Management acquired a new position in shares of Nasdaq during the fourth quarter worth $27,000. Kestra Investment Management LLC acquired a new position in shares of Nasdaq during the fourth quarter worth $33,000. Raleigh Capital Management Inc. lifted its holdings in shares of Nasdaq by 106.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 225 shares during the period. Finally, Focused Wealth Management Inc acquired a new position in shares of Nasdaq during the third quarter worth $35,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Transactions at Nasdaq

In other 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 transaction of $285,460.00. Following the completion of the sale, the executive vice president now directly owns 55,576 shares of the company’s stock, 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 legal filing with the SEC, which is available at this link. 0.70% of the stock is currently owned by insiders.

Nasdaq Trading Down 1.0 %

NDAQ opened at $81.97 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The company has a fifty day moving average price of $79.92 and a two-hundred day moving average price of $77.07. The company has a market cap of $47.14 billion, a P/E ratio of 42.69, a price-to-earnings-growth ratio of 2.12 and a beta of 0.99. Nasdaq, Inc. has a 1-year low of $56.30 and a 1-year high of $84.15.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping the consensus estimate 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 EPS for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq’s payout ratio is presently 50.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 price target on shares of Nasdaq in a report on Thursday, January 30th. StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Saturday, December 14th. UBS Group boosted their target price on shares of Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and boosted their target price for the company from $80.00 to $98.00 in a report on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.