GAM Holding AG Has $5.26 Million Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

GAM Holding AG lowered its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 11.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,975 shares of the financial services provider’s stock after selling 8,579 shares during the period. GAM Holding AG’s holdings in Nasdaq were worth $5,255,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP lifted its stake in shares of Nasdaq by 163.3% in the 3rd quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock valued at $2,835,235,000 after purchasing an additional 24,084,154 shares during the last quarter. State Street Corp raised its holdings in Nasdaq by 11.2% during the third quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock valued at $1,310,653,000 after buying an additional 1,811,616 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Nasdaq by 9.5% in the third quarter. Geode Capital Management LLC now owns 10,761,240 shares of the financial services provider’s stock worth $783,181,000 after buying an additional 932,665 shares during the last quarter. Harris Associates L P increased its holdings in shares of Nasdaq by 14.6% during the 3rd quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock valued at $627,596,000 after acquiring an additional 1,096,090 shares during the last quarter. Finally, Mizuho Securities USA LLC increased its holdings in shares of Nasdaq by 13,532.3% during the 3rd 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 during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Activity

In other news, EVP Bryan Everard Smith sold 3,500 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 55,576 shares in the company, valued at approximately $4,532,778.56. The trade was a 5.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NDAQ shares. JPMorgan Chase & Co. upped their target price on Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Argus raised their target price on shares of Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. TD Cowen dropped their target price on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, October 28th. Royal Bank of Canada restated an “outperform” rating and set a $95.00 price target on shares of Nasdaq in a report on Thursday, January 30th. Finally, StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, December 14th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Nasdaq currently has a consensus rating of “Moderate Buy” and an average price target of $86.88.

Nasdaq Stock Down 1.0 %

Shares of NDAQ stock opened at $80.91 on Tuesday. Nasdaq, Inc. has a one year low of $54.90 and a one year high of $84.15. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The stock has a fifty day moving average price of $79.54 and a 200 day moving average price of $76.11. The stock has a market cap of $46.50 billion, a P/E ratio of 42.14, a price-to-earnings-growth ratio of 2.15 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 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%. Analysts predict that Nasdaq, Inc. will post 3.17 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Friday, March 14th. Nasdaq’s payout ratio is 50.00%.

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.