MetLife Investment Management LLC Boosts Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

MetLife Investment Management LLC raised its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 6.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 107,565 shares of the financial services provider’s stock after buying an additional 6,243 shares during the quarter. MetLife Investment Management LLC’s holdings in Nasdaq were worth $7,853,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Mizuho Securities USA LLC increased its position in shares of Nasdaq by 13,532.3% during the third quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock valued at $292,040,000 after acquiring an additional 3,970,658 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Nasdaq by 67.6% during the 2nd quarter. Principal Financial Group Inc. now owns 2,022,546 shares of the financial services provider’s stock valued at $121,879,000 after purchasing an additional 815,946 shares during the last quarter. National Bank of Canada FI increased its holdings in shares of Nasdaq by 435.6% in the 2nd quarter. National Bank of Canada FI now owns 645,359 shares of the financial services provider’s stock worth $38,386,000 after purchasing an additional 524,874 shares in the last quarter. Shapiro Capital Management LLC raised its stake in shares of Nasdaq by 34.4% in the second quarter. Shapiro Capital Management LLC now owns 1,887,199 shares of the financial services provider’s stock worth $113,723,000 after purchasing an additional 483,361 shares during the last quarter. Finally, Seven Grand Managers LLC raised its stake in shares of Nasdaq by 1,900.0% in the third quarter. Seven Grand Managers LLC now owns 500,000 shares of the financial services provider’s stock worth $36,505,000 after purchasing an additional 475,000 shares during the last quarter. 72.47% of the stock is owned by institutional investors.

Insider Transactions at Nasdaq

In other Nasdaq news, EVP Bradley J. Peterson sold 13,642 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $75.32, for a total value of $1,027,515.44. Following the sale, the executive vice president now owns 142,830 shares in the company, valued at $10,757,955.60. The trade was a 8.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Pc Nelson Griggs sold 6,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.71, for a total value of $454,260.00. Following the transaction, the insider now owns 215,563 shares of the company’s stock, valued at approximately $16,320,274.73. The trade was a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 49,459 shares of company stock valued at $3,811,808 over the last 90 days. Company insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NDAQ shares. TD Cowen reduced their price objective on Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a report on Monday, October 28th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $88.00 price target on shares of Nasdaq in a report on Tuesday, November 19th. Argus boosted their price objective on shares of Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. UBS Group raised their target price on shares of Nasdaq from $73.00 to $79.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Finally, StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Nasdaq presently has a consensus rating of “Moderate Buy” and an average target price of $80.87.

Nasdaq Stock Down 0.1 %

NDAQ stock opened at $82.99 on Friday. The business’s 50-day moving average price is $75.85 and its 200-day moving average price is $68.66. The stock has a market cap of $47.70 billion, a P/E ratio of 49.69, a PEG ratio of 3.23 and a beta of 0.95. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. Nasdaq, Inc. has a twelve month low of $53.62 and a twelve month high of $83.77.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results 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 business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The company’s revenue was up 21.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 earnings per share. On average, equities research analysts forecast that Nasdaq, Inc. will post 2.79 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a $0.24 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.96 annualized dividend and a dividend yield of 1.16%. Nasdaq’s payout ratio is 57.49%.

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.