Northwestern Mutual Investment Management Company LLC Decreases Position in Nasdaq, Inc. (NDAQ)

Northwestern Mutual Investment Management Company LLC cut its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 81.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,393 shares of the financial services provider’s stock after selling 18,865 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Nasdaq were worth $284,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Pacer Advisors Inc. grew its holdings in shares of Nasdaq by 3.4% during the first quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock worth $164,000 after buying an additional 77 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in Nasdaq during the first quarter valued at approximately $190,000. IFP Advisors Inc boosted its position in Nasdaq by 9.4% during the second quarter. IFP Advisors Inc now owns 2,837 shares of the financial services provider’s stock valued at $203,000 after purchasing an additional 243 shares during the last quarter. Private Advisor Group LLC acquired a new position in Nasdaq during the first quarter valued at approximately $204,000. Finally, Advisor Partners LLC acquired a new position in Nasdaq during the second quarter valued at approximately $214,000. Institutional investors and hedge funds own 74.37% of the company’s stock.

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In other news, insider Edward S. Knight sold 14,629 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $76.74, for a total value of $1,122,629.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ann M. Dennison sold 1,170 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $76.32, for a total value of $89,294.40. The disclosure for this sale can be found here. Insiders have sold a total of 36,844 shares of company stock valued at $2,788,100 over the last three months. Corporate insiders own 1.60% of the company’s stock.

Shares of Nasdaq, Inc. (NASDAQ NDAQ) opened at 75.09 on Tuesday. The stock has a 50 day moving average price of $75.26 and a 200-day moving average price of $71.20. Nasdaq, Inc. has a 52-week low of $63.30 and a 52-week high of $77.75. The firm has a market capitalization of $12.52 billion, a PE ratio of 57.06 and a beta of 0.77.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.06. The firm had revenue of $602.00 million during the quarter, compared to analyst estimates of $596.55 million. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 EPS. Equities analysts forecast that Nasdaq, Inc. will post $4.17 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Thursday, September 14th. Nasdaq’s dividend payout ratio is currently 118.75%.

Several research analysts recently commented on the company. BidaskClub cut Nasdaq from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Royal Bank Of Canada reissued a “hold” rating and set a $76.00 price target on shares of Nasdaq in a research report on Monday, September 11th. Zacks Investment Research raised Nasdaq from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Citigroup Inc. assumed coverage on Nasdaq in a research report on Wednesday, July 12th. They set a “neutral” rating and a $72.00 price target for the company. Finally, UBS AG reissued a “buy” rating and set a $85.00 price target (up from $80.00) on shares of Nasdaq in a research report on Thursday, July 27th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $76.10.

About Nasdaq

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.

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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