Ladenburg Thalmann Financial Services Inc. cut its position in shares of Nasdaq Inc (NASDAQ:NDAQ) by 5.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,226 shares of the financial services provider’s stock after selling 846 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Nasdaq were worth $1,259,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. YorkBridge Wealth Partners LLC boosted its stake in Nasdaq by 13.9% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 178 shares during the last quarter. Invictus RG purchased a new position in Nasdaq in the third quarter valued at about $111,000. Pacer Advisors Inc. boosted its stake in Nasdaq by 8.6% in the second quarter. Pacer Advisors Inc. now owns 2,568 shares of the financial services provider’s stock valued at $184,000 after acquiring an additional 203 shares during the last quarter. Conning Inc. purchased a new position in Nasdaq in the third quarter valued at about $200,000. Finally, MML Investors Services LLC purchased a new position in Nasdaq in the second quarter valued at about $201,000. Institutional investors and hedge funds own 75.74% of the company’s stock.

Shares of Nasdaq Inc (NASDAQ NDAQ) opened at $76.11 on Wednesday. The company has a market cap of $12,794.44, a P/E ratio of 18.64, a P/E/G ratio of 2.15 and a beta of 0.78. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.15 and a current ratio of 1.15. Nasdaq Inc has a 52 week low of $65.98 and a 52 week high of $80.14.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.04. The company had revenue of $607.00 million for the quarter, compared to analysts’ expectations of $599.84 million. Nasdaq had a net margin of 6.72% and a return on equity of 12.69%. Nasdaq’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.91 EPS. research analysts predict that Nasdaq Inc will post 4.18 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Thursday, December 14th. Nasdaq’s payout ratio is currently 100.00%.

A number of research analysts have weighed in on the stock. BidaskClub cut shares of Nasdaq from a “hold” rating to a “sell” rating in a research note on Wednesday. UBS reiterated a “buy” rating and issued a $89.00 target price (up from $83.00) on shares of Nasdaq in a research note on Monday, December 11th. Royal Bank of Canada set a $78.00 target price on shares of Nasdaq and gave the company a “hold” rating in a research note on Monday, October 16th. Zacks Investment Research upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, ValuEngine upgraded shares of Nasdaq from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $78.67.

In related news, EVP Pc Nelson Griggs sold 2,064 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $76.58, for a total transaction of $158,061.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

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Nasdaq Company Profile

Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.

Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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