Nasdaq, Inc. (NASDAQ:NDAQ) Holdings Lowered by Securian Asset Management Inc

Securian Asset Management Inc trimmed its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 1.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,819 shares of the financial services provider’s stock after selling 100 shares during the quarter. Securian Asset Management Inc’s holdings in Nasdaq were worth $1,726,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Lumature Wealth Partners LLC raised its holdings in shares of Nasdaq by 48.3% in the 2nd quarter. Lumature Wealth Partners LLC now owns 1,793 shares of the financial services provider’s stock worth $315,000 after purchasing an additional 584 shares in the last quarter. Rafferty Asset Management LLC raised its holdings in shares of Nasdaq by 12.1% in the 2nd quarter. Rafferty Asset Management LLC now owns 64,690 shares of the financial services provider’s stock worth $11,373,000 after purchasing an additional 7,002 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of Nasdaq in the 2nd quarter worth approximately $3,255,000. O Shaughnessy Asset Management LLC raised its holdings in shares of Nasdaq by 117.1% in the 2nd quarter. O Shaughnessy Asset Management LLC now owns 2,021 shares of the financial services provider’s stock worth $355,000 after purchasing an additional 1,090 shares in the last quarter. Finally, Resources Investment Advisors LLC. raised its holdings in shares of Nasdaq by 20.7% in the 2nd quarter. Resources Investment Advisors LLC. now owns 1,824 shares of the financial services provider’s stock worth $321,000 after purchasing an additional 313 shares in the last quarter. Institutional investors own 71.40% of the company’s stock.

NASDAQ NDAQ opened at $195.55 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.82. The company has a fifty day simple moving average of $188.51 and a 200 day simple moving average of $170.36. The company has a market cap of $32.70 billion, a P/E ratio of 28.97 and a beta of 0.84. Nasdaq, Inc. has a 1 year low of $118.01 and a 1 year high of $199.88.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Tuesday, July 20th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.73 by $0.17. The business had revenue of $846.00 million during the quarter, compared to the consensus estimate of $825.84 million. Nasdaq had a net margin of 18.97% and a return on equity of 18.34%. Nasdaq’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.54 EPS. Equities research analysts forecast that Nasdaq, Inc. will post 7.34 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 24th. Investors of record on Friday, September 10th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Thursday, September 9th. Nasdaq’s payout ratio is currently 34.95%.

In other news, EVP Pc Nelson Griggs sold 1,000 shares of the stock in a transaction on Tuesday, August 31st. The shares were sold at an average price of $196.01, for a total value of $196,010.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lars Ottersgard sold 4,000 shares of the stock in a transaction on Tuesday, August 24th. The shares were sold at an average price of $191.42, for a total transaction of $765,680.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,546 shares of company stock valued at $1,630,302. Corporate insiders own 0.60% of the company’s stock.

NDAQ has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Nasdaq from a “buy” rating to a “hold” rating and set a $177.00 target price on the stock. in a report on Wednesday, June 9th. Piper Sandler boosted their price target on shares of Nasdaq from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Monday, July 12th. Oppenheimer started coverage on shares of Nasdaq in a report on Wednesday, July 21st. They set a “buy” rating and a $195.00 price target on the stock. Citigroup boosted their price target on shares of Nasdaq from $181.00 to $193.00 and gave the company a “neutral” rating in a report on Thursday, July 22nd. They noted that the move was a valuation call. Finally, Morgan Stanley boosted their price target on shares of Nasdaq from $208.00 to $222.00 and gave the company an “overweight” rating in a report on Friday, July 23rd. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $179.04.

Nasdaq Profile

Nasdaq, Inc is a holding company, which engages in trading, clearing, exchange technology, regulatory, securities listing, information and public & private company services. It operates through the following segments: Market Services, Corporate Services, Information Services and Market Technology. The Market Services segment includes its equity derivative trading and clearing, cash equity trading, FICC and trade management services businesses.

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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