UBS Group AG Sells 244,484 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

UBS Group AG lessened its holdings in Nasdaq, Inc. (NASDAQ:NDAQFree Report) by 8.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,540,810 shares of the financial services provider’s stock after selling 244,484 shares during the quarter. UBS Group AG owned approximately 0.44% of Nasdaq worth $123,458,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Cresset Asset Management LLC boosted its stake in Nasdaq by 4.5% during the 1st quarter. Cresset Asset Management LLC now owns 1,717 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 74 shares during the last quarter. Horizon Investments LLC boosted its stake in Nasdaq by 8.3% during the 1st quarter. Horizon Investments LLC now owns 1,120 shares of the financial services provider’s stock worth $200,000 after acquiring an additional 86 shares during the last quarter. Brinker Capital Investments LLC boosted its stake in Nasdaq by 0.4% during the 1st quarter. Brinker Capital Investments LLC now owns 29,446 shares of the financial services provider’s stock worth $5,247,000 after acquiring an additional 106 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Nasdaq by 1.7% during the 1st quarter. Advisors Asset Management Inc. now owns 7,142 shares of the financial services provider’s stock worth $1,273,000 after acquiring an additional 120 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its stake in Nasdaq by 10.6% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,360 shares of the financial services provider’s stock worth $207,000 after acquiring an additional 130 shares during the last quarter. Institutional investors own 72.47% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on NDAQ. The Goldman Sachs Group reissued a “neutral” rating and set a $58.00 price objective on shares of Nasdaq in a research note on Friday, December 1st. Citigroup lifted their price target on shares of Nasdaq from $56.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, January 12th. JPMorgan Chase & Co. lifted their price target on shares of Nasdaq from $62.00 to $63.00 and gave the company an “overweight” rating in a research note on Thursday, October 19th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $82.00 price target on shares of Nasdaq in a research note on Thursday, February 1st. Finally, StockNews.com lowered shares of Nasdaq from a “hold” rating to a “sell” rating in a research note on Thursday, February 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $62.20.

Read Our Latest Research Report on NDAQ

Nasdaq Price Performance

NASDAQ NDAQ opened at $57.25 on Friday. The company has a quick ratio of 1.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.94. Nasdaq, Inc. has a 12-month low of $46.88 and a 12-month high of $60.72. The company has a market capitalization of $33.03 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 2.64 and a beta of 0.94. The firm’s 50 day moving average is $56.67 and its 200-day moving average is $53.06.

Nasdaq (NASDAQ:NDAQGet Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. Nasdaq had a net margin of 17.48% and a return on equity of 19.28%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the company earned $0.64 earnings per share. The firm’s revenue was up 21.4% compared to the same quarter last year. Equities research analysts anticipate that Nasdaq, Inc. will post 2.72 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th will be issued a $0.22 dividend. The ex-dividend date is Wednesday, March 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.54%. Nasdaq’s dividend payout ratio (DPR) is presently 41.71%.

Nasdaq Company Profile

(Free Report)

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Market Platforms, Capital Access Platforms, and Anti-Financial Crime. The Market Platforms segment trading services, including equity derivative trading and clearing, cash equity trading, fixed income and commodities trading and clearing, and trade management service businesses.

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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