LGT Group Foundation Sells 1,796 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

LGT Group Foundation lessened its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,702 shares of the financial services provider’s stock after selling 1,796 shares during the period. LGT Group Foundation’s holdings in Nasdaq were worth $4,074,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NDAQ. Catalyst Capital Advisors LLC bought a new position in Nasdaq during the 3rd quarter worth about $27,000. Founders Capital Management acquired a new position in shares of Nasdaq during the 4th quarter worth about $27,000. Kestra Investment Management LLC acquired a new position in shares of Nasdaq during the 4th quarter worth about $33,000. Raleigh Capital Management Inc. boosted its stake in shares of Nasdaq by 106.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after buying an additional 225 shares during the last quarter. Finally, Focused Wealth Management Inc acquired a new position in shares of Nasdaq during the 3rd quarter worth about $35,000. Institutional investors own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

NDAQ has been the subject of a number of recent research reports. William Blair initiated coverage on shares of Nasdaq in a research note on Monday, November 25th. They set an “outperform” rating for the company. UBS Group increased their price objective on shares of Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Royal Bank of Canada restated an “outperform” rating and set a $95.00 price objective on shares of Nasdaq in a research note on Thursday, January 30th. Citigroup raised their target price on shares of Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Finally, Oppenheimer raised their target price on shares of Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $86.88.

Nasdaq Trading Down 1.0 %

Shares of NDAQ stock opened at $81.97 on Tuesday. Nasdaq, Inc. has a 12-month low of $56.30 and a 12-month high of $84.15. The firm has a 50 day moving average price of $79.92 and a two-hundred day moving average price of $77.07. The company has a market capitalization of $47.14 billion, a PE ratio of 42.69, a price-to-earnings-growth ratio of 2.12 and a beta of 0.99. The company has a quick ratio of 0.95, a current ratio of 0.99 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 EPS for the quarter, topping the consensus estimate 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, analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.17%. Nasdaq’s dividend payout ratio is presently 50.00%.

Insider Transactions at Nasdaq

In related news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the transaction, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.70% of the company’s stock.

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.