Nasdaq, Inc. $NDAQ Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 9.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 800,654 shares of the financial services provider’s stock after buying an additional 72,032 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.14% of Nasdaq worth $71,594,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. AGF Management Ltd. acquired a new stake in shares of Nasdaq during the second quarter worth about $823,000. True Wealth Design LLC raised its position in Nasdaq by 5,318.2% during the 2nd quarter. True Wealth Design LLC now owns 596 shares of the financial services provider’s stock worth $53,000 after buying an additional 585 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of Nasdaq by 1.2% in the 1st quarter. Summit Investment Advisors Inc. now owns 27,352 shares of the financial services provider’s stock worth $2,075,000 after acquiring an additional 335 shares during the period. AE Wealth Management LLC boosted its holdings in shares of Nasdaq by 2.5% in the second quarter. AE Wealth Management LLC now owns 54,865 shares of the financial services provider’s stock valued at $4,906,000 after acquiring an additional 1,330 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC acquired a new position in shares of Nasdaq during the second quarter worth about $1,511,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Trading Up 1.2%

Shares of NDAQ opened at $87.24 on Monday. Nasdaq, Inc. has a fifty-two week low of $64.84 and a fifty-two week high of $97.63. The company has a market capitalization of $49.81 billion, a PE ratio of 31.16, a price-to-earnings-growth ratio of 1.79 and a beta of 0.98. The stock has a fifty day moving average of $89.61 and a two-hundred day moving average of $88.32. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.99 and a current ratio of 0.99.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.06. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. Nasdaq had a return on equity of 16.28% and a net margin of 19.90%.The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 earnings per share. As a group, analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, December 5th. Nasdaq’s dividend payout ratio (DPR) is 38.57%.

Insiders Place Their Bets

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $85.40, for a total transaction of $179,767.00. Following the completion of the sale, the executive vice president owned 84,974 shares of the company’s stock, valued at approximately $7,256,779.60. The trade was a 2.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. The Goldman Sachs Group reissued a “buy” rating on shares of Nasdaq in a report on Friday, July 25th. Deutsche Bank Aktiengesellschaft raised their target price on Nasdaq from $97.00 to $105.00 and gave the company a “buy” rating in a report on Friday, July 25th. Keefe, Bruyette & Woods boosted their price objective on shares of Nasdaq from $103.00 to $104.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. UBS Group upgraded Nasdaq from a “neutral” rating to a “buy” rating and upped their price target for the stock from $95.00 to $115.00 in a report on Friday, July 25th. Finally, Oppenheimer reiterated an “outperform” rating and set a $101.00 target price (up from $96.00) on shares of Nasdaq in a research report on Tuesday, July 15th. Fourteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Nasdaq presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.67.

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.