17,911 Shares in Nasdaq, Inc. $NDAQ Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,911 shares of the financial services provider’s stock, valued at approximately $1,412,000.

Several other large investors have also bought and sold shares of the stock. Legal & General Group Plc boosted its position in Nasdaq by 1.6% in the fourth quarter. Legal & General Group Plc now owns 2,855,235 shares of the financial services provider’s stock worth $277,329,000 after purchasing an additional 45,783 shares during the last quarter. M&T Bank Corp increased its position in shares of Nasdaq by 27.5% during the 4th quarter. M&T Bank Corp now owns 61,076 shares of the financial services provider’s stock valued at $5,933,000 after purchasing an additional 13,160 shares during the last quarter. MKP Capital Management L.L.C. bought a new stake in shares of Nasdaq during the 4th quarter worth $33,996,000. AlphaCore Capital LLC bought a new position in Nasdaq during the fourth quarter valued at about $1,245,000. Finally, Advisors Preferred LLC purchased a new stake in Nasdaq during the fourth quarter worth about $4,872,000. 72.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on NDAQ. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nasdaq in a research report on Monday, July 20th. Raymond James Financial restated an “outperform” rating and set a $113.00 price target (up from $111.00) on shares of Nasdaq in a research note on Thursday, July 9th. Wall Street Zen upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. TD Cowen reissued a “buy” rating and set a $105.00 price objective (up from $101.00) on shares of Nasdaq in a report on Monday, July 20th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $120.00 target price on shares of Nasdaq in a research report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $110.30.

Nasdaq Stock Down 0.0%

Nasdaq stock opened at $99.31 on Friday. The firm has a 50 day simple moving average of $91.20 and a 200 day simple moving average of $88.40. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. Nasdaq, Inc. has a 1-year low of $76.55 and a 1-year high of $101.79. The firm has a market capitalization of $55.51 billion, a price-to-earnings ratio of 28.95, a P/E/G ratio of 1.32 and a beta of 0.97.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.09. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $1.46 billion. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The business’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period last year, the company earned $0.85 earnings per share. On average, analysts predict that Nasdaq, Inc. will post 4.15 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a $0.31 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.24 annualized dividend and a yield of 1.2%. Nasdaq’s dividend payout ratio (DPR) is currently 36.15%.

Insiders Place Their Bets

In related news, major shareholder Ab Investor bought 56,782 shares of Nasdaq stock in a transaction on Thursday, June 11th. The stock was acquired at an average price of $85.98 per share, with a total value of $4,882,116.36. Following the acquisition, the insider directly owned 58,439,208 shares of the company’s stock, valued at $5,024,603,103.84. This represents a 0.10% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Pc Nelson Griggs sold 11,010 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $96.35, for a total transaction of $1,060,813.50. Following the completion of the transaction, the insider owned 205,001 shares of the company’s stock, valued at $19,751,846.35. This trade represents a 5.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 41,797 shares of company stock worth $3,926,319 in the last quarter. 0.60% of the stock is owned by company insiders.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.