Mitsubishi UFJ Trust & Banking Corp Reduces Stake in Nasdaq Inc (NDAQ)

Mitsubishi UFJ Trust & Banking Corp decreased its position in shares of Nasdaq Inc (NASDAQ:NDAQ) by 0.5% during the first quarter, Holdings Channel reports. The institutional investor owned 232,589 shares of the financial services provider’s stock after selling 1,114 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Nasdaq were worth $16,153,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its stake in Nasdaq by 0.4% in the first quarter. Janney Montgomery Scott LLC now owns 3,603 shares of the financial services provider’s stock valued at $250,000 after buying an additional 15 shares during the period. Profund Advisors LLC raised its stake in Nasdaq by 2.5% in the first quarter. Profund Advisors LLC now owns 3,775 shares of the financial services provider’s stock valued at $262,000 after buying an additional 91 shares during the period. World Asset Management Inc raised its stake in Nasdaq by 1.1% in the third quarter. World Asset Management Inc now owns 11,625 shares of the financial services provider’s stock valued at $785,000 after buying an additional 125 shares during the period. Mn Services Vermogensbeheer B.V. raised its stake in Nasdaq by 5.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,091 shares of the financial services provider’s stock valued at $201,000 after buying an additional 161 shares during the period. Finally, Advantus Capital Management Inc raised its stake in Nasdaq by 1.5% in the third quarter. Advantus Capital Management Inc now owns 11,312 shares of the financial services provider’s stock valued at $764,000 after buying an additional 168 shares during the period. Institutional investors and hedge funds own 73.64% of the company’s stock.

Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

Shares of Nasdaq Inc (NASDAQ:NDAQ) traded up 1.05% on Friday, reaching $67.44. 937,510 shares of the company traded hands. Nasdaq Inc has a 1-year low of $61.19 and a 1-year high of $72.52. The stock has a market capitalization of $11.14 billion, a price-to-earnings ratio of 78.60 and a beta of 0.89. The company has a 50-day moving average of $68.54 and a 200-day moving average of $68.28.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Wednesday, April 26th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.05. Nasdaq had a net margin of 2.94% and a return on equity of 10.99%. The business had revenue of $583 million for the quarter, compared to analyst estimates of $593.46 million. During the same period in the prior year, the company posted $0.91 EPS. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. Analysts anticipate that Nasdaq Inc will post $4.11 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be paid a dividend of $0.38 per share. This is a positive change from Nasdaq’s previous quarterly dividend of $0.32. This represents a $1.52 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Wednesday, June 14th. Nasdaq’s dividend payout ratio is presently 206.45%.

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Several research firms have recently commented on NDAQ. Royal Bank of Canada restated a “sector perform” rating and issued a $71.00 price objective on shares of Nasdaq in a research note on Thursday, March 30th. Jefferies Group LLC restated a “hold” rating and issued a $68.00 price objective on shares of Nasdaq in a research note on Monday, April 10th. Evercore ISI restated an “in-line” rating and issued a $74.00 price objective on shares of Nasdaq in a research note on Friday, April 28th. Zacks Investment Research upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Wednesday, April 12th. Finally, Deutsche Bank AG reduced their price objective on Nasdaq from $80.00 to $79.00 and set a “buy” rating for the company in a research note on Friday, April 28th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Nasdaq currently has a consensus rating of “Hold” and an average target price of $73.40.

In other news, Director Lars Wedenborn sold 10,000 shares of the stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $68.38, for a total transaction of $683,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Nasdaq Company Profile

Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.

5 Day Chart for NASDAQ:NDAQ

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