International Assets Investment Management LLC Sells 368,428 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

International Assets Investment Management LLC decreased its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 98.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,883 shares of the financial services provider’s stock after selling 368,428 shares during the quarter. International Assets Investment Management LLC’s holdings in Nasdaq were worth $378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in NDAQ. Private Advisor Group LLC lifted its position in Nasdaq by 25.5% in the second quarter. Private Advisor Group LLC now owns 10,065 shares of the financial services provider’s stock valued at $607,000 after purchasing an additional 2,045 shares during the last quarter. Choreo LLC purchased a new position in Nasdaq during the 2nd quarter valued at about $729,000. American Century Companies Inc. lifted its holdings in Nasdaq by 35.8% in the 2nd quarter. American Century Companies Inc. now owns 957,825 shares of the financial services provider’s stock worth $57,719,000 after buying an additional 252,631 shares during the period. Y.D. More Investments Ltd increased its stake in shares of Nasdaq by 94.8% during the second quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock valued at $25,000 after buying an additional 202 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of Nasdaq by 17.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 161,046 shares of the financial services provider’s stock valued at $9,780,000 after acquiring an additional 24,093 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NDAQ has been the subject of several research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and upped their price objective for the stock from $80.00 to $98.00 in a report on Wednesday. Oppenheimer raised their target price on Nasdaq from $84.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Morgan Stanley increased their price objective on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. UBS Group increased their price target on shares of Nasdaq from $73.00 to $79.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Finally, Bank of America reduced their price objective on Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.60.

Nasdaq Trading Down 2.7 %

Shares of NASDAQ:NDAQ opened at $75.88 on Friday. The stock’s 50-day simple moving average is $79.26 and its two-hundred day simple moving average is $72.80. Nasdaq, Inc. has a 52-week low of $54.90 and a 52-week high of $83.77. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $43.61 billion, a price-to-earnings ratio of 45.44, a PEG ratio of 3.12 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.05. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 EPS. Analysts expect that Nasdaq, Inc. will post 2.79 EPS for the current year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.27%. Nasdaq’s dividend payout ratio (DPR) is presently 57.49%.

Insider Activity at Nasdaq

In related news, EVP Jeremy Skule sold 12,075 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $78.75, for a total transaction of $950,906.25. Following the sale, the executive vice president now owns 102,505 shares of the company’s stock, valued at $8,072,268.75. This represents a 10.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Bradley J. Peterson sold 13,642 shares of the company’s stock in a transaction that occurred 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 approximately $10,757,955.60. This trade represents a 8.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,459 shares of company stock worth $3,811,808. 0.70% of the stock is owned by corporate insiders.

Nasdaq 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.