SG Americas Securities LLC Reduces Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

SG Americas Securities LLC trimmed its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 80.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 24,020 shares of the financial services provider’s stock after selling 99,703 shares during the period. SG Americas Securities LLC’s holdings in Nasdaq were worth $1,754,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NDAQ. Vanguard Group Inc. grew its holdings in shares of Nasdaq by 7.0% during the 1st quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider’s stock worth $3,043,936,000 after purchasing an additional 3,173,981 shares during the period. Farallon Capital Management LLC boosted its position in shares of Nasdaq by 28.4% during the first quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider’s stock worth $532,357,000 after buying an additional 1,866,219 shares during the period. Bain Capital Public Equity Management II LLC acquired a new stake in shares of Nasdaq in the fourth quarter valued at $96,241,000. CANADA LIFE ASSURANCE Co raised its holdings in shares of Nasdaq by 283.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 1,154,143 shares of the financial services provider’s stock valued at $72,880,000 after buying an additional 853,414 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in Nasdaq by 67.6% during the 2nd quarter. Principal Financial Group Inc. now owns 2,022,546 shares of the financial services provider’s stock worth $121,879,000 after acquiring an additional 815,946 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Activity at Nasdaq

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $64.58, for a total value of $2,764,295,688.06. Following the completion of the sale, the insider now owns 42,804,207 shares in the company, valued at $2,764,295,688.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is currently owned by insiders.

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $72.19 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.85. The stock has a market cap of $41.52 billion, a P/E ratio of 37.99, a P/E/G ratio of 3.04 and a beta of 0.95. The stock has a 50 day moving average of $71.04 and a two-hundred day moving average of $64.68. Nasdaq, Inc. has a twelve month low of $47.56 and a twelve month high of $74.88.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The business’s revenue was up 25.3% on a year-over-year basis. During the same quarter last year, the company posted $0.71 earnings per share. On average, research analysts forecast that Nasdaq, Inc. will post 2.75 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Friday, September 13th. Nasdaq’s dividend payout ratio is presently 50.53%.

Analyst Ratings Changes

NDAQ has been the topic of a number of recent research reports. Bank of America cut their price target on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. TD Cowen started coverage on Nasdaq in a report on Thursday, September 26th. They issued a “hold” rating and a $83.00 target price for the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Nasdaq from $66.00 to $72.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. The Goldman Sachs Group raised their price objective on shares of Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, Barclays increased their target price on Nasdaq from $77.00 to $84.00 and gave the company an “overweight” rating in a report on Monday. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Nasdaq presently has a consensus rating of “Moderate Buy” and an average price target of $76.73.

About Nasdaq

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.