Nasdaq, Inc. (NASDAQ:NDAQ) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 14.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 682,229 shares of the financial services provider’s stock after acquiring an additional 87,096 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.12% of Nasdaq worth $53,364,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Rakuten Securities Inc. acquired a new position in Nasdaq during the 4th quarter valued at approximately $26,000. Founders Capital Management acquired a new position in shares of Nasdaq during the fourth quarter valued at $27,000. Kestra Investment Management LLC bought a new position in shares of Nasdaq during the fourth quarter worth about $33,000. Raleigh Capital Management Inc. increased its holdings in shares of Nasdaq by 106.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 225 shares during the period. Finally, TCTC Holdings LLC bought a new stake in Nasdaq in the 4th quarter valued at about $41,000. 72.47% of the stock is owned by institutional investors.

Nasdaq Trading Down 1.9 %

Shares of NDAQ opened at $74.91 on Friday. The business’s 50-day moving average price is $79.12 and its 200 day moving average price is $77.55. 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 stock has a market capitalization of $43.08 billion, a P/E ratio of 39.02, a P/E/G ratio of 2.12 and a beta of 0.96. Nasdaq, Inc. has a 1-year low of $58.10 and a 1-year high of $84.15.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share 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 expect that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

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

Insider Transactions at Nasdaq

In related news, EVP Bryan Everard Smith sold 3,500 shares of the business’s 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 directly owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of the 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 completion of the sale, the executive vice president now 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. 0.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on NDAQ shares. JPMorgan Chase & Co. upped their target price on shares of Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a “hold” rating to a “buy” rating and raised their target price for the company from $80.00 to $98.00 in a research report on Wednesday, January 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 price target on shares of Nasdaq in a research report on Thursday, January 30th. UBS Group raised their price target on Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.88.

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.