International Assets Investment Management LLC Increases Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

International Assets Investment Management LLC boosted its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 388,765.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 373,311 shares of the financial services provider’s stock after acquiring an additional 373,215 shares during the quarter. International Assets Investment Management LLC owned 0.06% of Nasdaq worth $27,255,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Nasdaq by 7.0% during the first quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider’s stock valued at $3,043,936,000 after acquiring an additional 3,173,981 shares in the last quarter. Farallon Capital Management LLC increased its position in shares of Nasdaq by 28.4% in the first quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider’s stock valued at $532,357,000 after buying an additional 1,866,219 shares in the last quarter. Diamond Hill Capital Management Inc. increased its position in shares of Nasdaq by 2.0% in the second quarter. Diamond Hill Capital Management Inc. now owns 4,767,175 shares of the financial services provider’s stock valued at $287,270,000 after buying an additional 94,122 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Nasdaq by 26.5% in the first quarter. Bessemer Group Inc. now owns 2,878,115 shares of the financial services provider’s stock valued at $181,609,000 after buying an additional 602,040 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Nasdaq by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 2,443,939 shares of the financial services provider’s stock valued at $147,272,000 after buying an additional 82,606 shares in the last quarter. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of a number of recent analyst reports. Piper Sandler boosted their price objective on Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. The Goldman Sachs Group boosted their price objective on Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. TD Cowen cut their price objective on Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research report on Monday. Barclays boosted their price objective on Nasdaq from $84.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday. Finally, UBS Group boosted their price objective on Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $79.27.

Nasdaq Stock Performance

NASDAQ NDAQ opened at $75.34 on Tuesday. The stock’s fifty day moving average is $72.66 and its two-hundred day moving average is $65.80. The firm has a market capitalization of $43.39 billion, a P/E ratio of 45.11, a price-to-earnings-growth ratio of 3.10 and a beta of 0.95. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.94 and a current ratio of 0.95. Nasdaq, Inc. has a fifty-two week low of $47.72 and a fifty-two week high of $75.89.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 earnings per share. On average, research analysts anticipate that Nasdaq, Inc. will post 2.76 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Friday, December 6th. Nasdaq’s dividend payout ratio (DPR) is currently 57.49%.

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.