SG Americas Securities LLC Has $354,000 Position in Nasdaq, Inc. (NASDAQ:NDAQ)

SG Americas Securities LLC trimmed its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 80.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,577 shares of the financial services provider’s stock after selling 19,443 shares during the period. SG Americas Securities LLC’s holdings in Nasdaq were worth $354,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of NDAQ. Citizens Financial Group Inc. RI raised its position in shares of Nasdaq by 3.6% during the third quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider’s stock worth $290,000 after purchasing an additional 137 shares during the period. First Pacific Financial raised its holdings in Nasdaq by 1.0% during the 3rd quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock worth $1,011,000 after buying an additional 142 shares during the period. Harbor Capital Advisors Inc. lifted its stake in Nasdaq by 1.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider’s stock valued at $759,000 after buying an additional 148 shares in the last quarter. Brooklyn Investment Group boosted its holdings in shares of Nasdaq by 8.5% in the fourth quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider’s stock valued at $147,000 after buying an additional 148 shares during the period. Finally, Crestwood Advisors Group LLC increased its position in shares of Nasdaq by 4.2% during the third quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 149 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on NDAQ shares. Argus upped their target price on shares of Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 price objective on shares of Nasdaq in a report on Thursday, January 30th. UBS Group boosted their target price on Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Oppenheimer raised their price target on shares of Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. Finally, TD Cowen cut their price objective on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Nasdaq has a consensus rating of “Moderate Buy” and a consensus target price of $86.88.

Nasdaq Stock Down 0.5 %

NDAQ stock opened at $81.92 on Tuesday. Nasdaq, Inc. has a 1-year low of $54.90 and a 1-year high of $83.77. The firm has a market capitalization of $47.08 billion, a PE ratio of 42.67, a PEG ratio of 2.12 and a beta of 0.99. The business’s 50 day simple moving average is $79.56 and its 200 day simple moving average is $74.99. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. As a group, research analysts anticipate that Nasdaq, Inc. will post 3.17 EPS for the current year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.17%. Nasdaq’s payout ratio is currently 50.00%.

Insiders Place Their Bets

In other Nasdaq news, EVP Jeremy Skule sold 12,075 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $78.75, for a total value of $950,906.25. Following the transaction, the executive vice president now owns 102,505 shares in the company, valued at approximately $8,072,268.75. This represents a 10.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Pc Nelson Griggs sold 5,742 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total transaction of $444,086.28. Following the sale, the insider now directly owns 205,821 shares of the company’s stock, valued at approximately $15,918,196.14. The trade was a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,817 shares of company stock valued at $2,330,033 in the last 90 days. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Company Profile

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.