Mirae Asset Global Investments Co. Ltd. Acquires 118,572 Shares of Nasdaq, Inc. $NDAQ

Mirae Asset Global Investments Co. Ltd. bought a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) during the third quarter, HoldingsChannel.com reports. The firm bought 118,572 shares of the financial services provider’s stock, valued at approximately $10,910,000.

A number of other institutional investors also recently modified their holdings of NDAQ. Profund Advisors LLC boosted its stake in shares of Nasdaq by 9.9% in the 3rd quarter. Profund Advisors LLC now owns 4,113 shares of the financial services provider’s stock valued at $378,000 after purchasing an additional 369 shares in the last quarter. Vise Technologies Inc. increased its holdings in shares of Nasdaq by 108.7% during the third quarter. Vise Technologies Inc. now owns 63,194 shares of the financial services provider’s stock worth $5,815,000 after buying an additional 32,912 shares in the last quarter. Avestar Capital LLC acquired a new stake in shares of Nasdaq during the 3rd quarter valued at $261,000. International Assets Investment Management LLC grew its position in Nasdaq by 406.9% during the 3rd quarter. International Assets Investment Management LLC now owns 35,000 shares of the financial services provider’s stock worth $3,220,000 after acquiring an additional 28,095 shares during the last quarter. Finally, Lebenthal Global Advisors LLC raised its position in Nasdaq by 14.2% in the third quarter. Lebenthal Global Advisors LLC now owns 13,765 shares of the financial services provider’s stock valued at $1,266,000 after purchasing an additional 1,709 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Stock Up 2.6%

Nasdaq stock opened at $109.70 on Thursday. The firm’s 50-day simple moving average is $96.30 and its 200 day simple moving average is $90.81. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $60.88 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 1.85 and a beta of 0.95. Nasdaq, Inc. has a fifty-two week low of $76.55 and a fifty-two week high of $110.23.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.02. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $1.47 billion. Nasdaq had a return on equity of 19.03% and a net margin of 22.81%. Nasdaq’s revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.88 earnings per share. Research analysts predict that Nasdaq, Inc. will post 4.15 EPS for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, December 4th. Nasdaq’s dividend payout ratio is currently 33.88%.

Insider Transactions at Nasdaq

In other news, EVP Bradley Peterson sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $103.38, for a total transaction of $413,520.00. Following the transaction, the executive vice president directly owned 118,293 shares of the company’s stock, valued at approximately $12,229,130.34. The trade was a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tal Cohen sold 10,390 shares of Nasdaq stock in a transaction that occurred on Friday, October 23rd. The shares were sold at an average price of $103.34, for a total value of $1,073,702.60. Following the sale, the insider owned 205,076 shares in the company, valued at $21,192,553.84. This represents a 4.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 22,877 shares of company stock valued at $2,330,505. 0.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods boosted their price target on Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a report on Friday, July 24th. Rothschild & Co Redburn reduced their target price on shares of Nasdaq from $110.00 to $107.00 and set a “buy” rating on the stock in a report on Thursday, September 10th. Wells Fargo & Company raised their price target on shares of Nasdaq from $100.00 to $111.00 and gave the company an “equal weight” rating in a research note on Friday, October 23rd. Zacks Research lowered Nasdaq from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 21st. Finally, Argus upped their price target on Nasdaq from $103.00 to $111.00 in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $113.53.

Nasdaq Profile

Nasdaq, Inc is a global financial technology and market infrastructure company best known for operating the Nasdaq Stock Market, one of the world’s largest electronic stock exchanges. The company provides listing services for public companies and operates trading venues for equities, options and other financial products. Its exchange business serves companies, investors and market participants in the United States, as well as through Nasdaq’s Nordic and Baltic market operations.

Beyond its exchange activities, Nasdaq provides market data, analytics, indexes and technology used by exchanges, brokers, banks, asset managers and other financial institutions.