Mitsubishi UFJ Trust & Banking Corp Sells 26,207 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Mitsubishi UFJ Trust & Banking Corp reduced its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 12.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 189,241 shares of the financial services provider’s stock after selling 26,207 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Nasdaq were worth $14,630,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Nasdaq by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 52,576,413 shares of the financial services provider’s stock valued at $4,064,682,000 after acquiring an additional 376,893 shares in the last quarter. Wellington Management Group LLP boosted its stake in Nasdaq by 163.3% during 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 increased its holdings in shares of Nasdaq by 11.2% in the 3rd quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock worth $1,310,653,000 after purchasing an additional 1,811,616 shares in the last quarter. Geode Capital Management LLC raised its stake 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 purchasing an additional 932,665 shares during the last quarter. Finally, Harris Associates L P raised its stake in shares of Nasdaq by 14.6% in the third quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock worth $627,596,000 after purchasing an additional 1,096,090 shares during the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Nasdaq

In related news, EVP Sarah Youngwood sold 14,959 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the transaction, the executive vice president now owns 59,694 shares of the company’s stock, valued at $4,398,253.92. This trade represents a 20.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq 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 directly owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

Nasdaq Price Performance

NASDAQ NDAQ opened at $74.91 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. Nasdaq, Inc. has a 12 month low of $58.10 and a 12 month high of $84.15. The stock has a market cap of $43.08 billion, a price-to-earnings ratio of 39.02, a PEG ratio of 2.12 and a beta of 0.96. The company’s 50 day moving average is $79.12 and its two-hundred day moving average is $77.55.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating 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, research analysts anticipate 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 was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Friday, March 14th. Nasdaq’s dividend payout ratio is currently 50.00%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on NDAQ shares. Raymond James lifted their price objective on Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Citigroup lifted their price target on shares of Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. UBS Group increased their price objective on shares of Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $95.00 target price on shares of Nasdaq in a research report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods increased their price target on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $86.88.

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.