MetLife Investment Management LLC Acquires 6,243 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

MetLife Investment Management LLC boosted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 6.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,565 shares of the financial services provider’s stock after purchasing an additional 6,243 shares during the quarter. MetLife Investment Management LLC’s holdings in Nasdaq were worth $7,853,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Mizuho Securities USA LLC raised its position 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 buying an additional 3,970,658 shares in the last quarter. Principal Financial Group Inc. increased its stake in Nasdaq by 67.6% during the second quarter. Principal Financial Group Inc. now owns 2,022,546 shares of the financial services provider’s stock worth $121,879,000 after acquiring an additional 815,946 shares during the last quarter. National Bank of Canada FI raised its position in Nasdaq by 435.6% during the second quarter. National Bank of Canada FI now owns 645,359 shares of the financial services provider’s stock valued at $38,386,000 after purchasing an additional 524,874 shares during the period. Shapiro Capital Management LLC lifted its stake in shares of Nasdaq by 34.4% in the 2nd quarter. Shapiro Capital Management LLC now owns 1,887,199 shares of the financial services provider’s stock valued at $113,723,000 after purchasing an additional 483,361 shares during the last quarter. Finally, Seven Grand Managers LLC boosted its holdings in shares of Nasdaq by 1,900.0% in the 3rd 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 period. Institutional investors own 72.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Piper Sandler raised their price target on Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. 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. StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Wednesday. Argus increased their price objective on shares of Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group boosted their target price on Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $80.87.

Nasdaq Trading Down 0.1 %

Shares of NASDAQ NDAQ opened at $82.99 on Friday. Nasdaq, Inc. has a twelve month low of $53.62 and a twelve month high of $83.77. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. The business has a fifty day simple moving average of $75.85 and a two-hundred day simple moving average of $68.66. The firm has a market cap of $47.70 billion, a PE ratio of 49.69, a price-to-earnings-growth ratio of 3.23 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the company posted $0.71 earnings per share. The firm’s quarterly revenue was up 21.9% on a year-over-year basis. Analysts expect that Nasdaq, Inc. will post 2.79 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

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 paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.16%. Nasdaq’s dividend payout ratio is presently 57.49%.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Bradley J. Peterson sold 13,642 shares of Nasdaq stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.32, for a total value of $1,027,515.44. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Pc Nelson Griggs sold 6,000 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.71, for a total transaction of $454,260.00. Following the sale, the insider now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,459 shares of company stock valued at $3,811,808 over the last ninety days. 0.70% of the stock is owned by company insiders.

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.