Great West Life Assurance Co. Can lifted its position in Nasdaq Inc (NASDAQ:NDAQ) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,213 shares of the financial services provider’s stock after purchasing an additional 261 shares during the period. Great West Life Assurance Co. Can’s holdings in Nasdaq were worth $5,523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its stake in shares of Nasdaq by 38.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 112,344 shares of the financial services provider’s stock valued at $9,649,000 after acquiring an additional 31,483 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Nasdaq by 67.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 3,466 shares of the financial services provider’s stock valued at $297,000 after purchasing an additional 1,400 shares during the period. Wells Fargo & Company MN increased its holdings in Nasdaq by 3.8% in the third quarter. Wells Fargo & Company MN now owns 311,681 shares of the financial services provider’s stock valued at $26,742,000 after purchasing an additional 11,346 shares during the period. ING Groep NV acquired a new stake in Nasdaq in the third quarter valued at $288,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Nasdaq by 6.4% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 893,536 shares of the financial services provider’s stock valued at $76,665,000 after purchasing an additional 53,521 shares during the period. Hedge funds and other institutional investors own 76.23% of the company’s stock.
Shares of Nasdaq stock opened at $83.55 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.97 and a quick ratio of 0.97. Nasdaq Inc has a 1-year low of $75.49 and a 1-year high of $96.84. The stock has a market cap of $13.82 billion, a price-to-earnings ratio of 17.26, a price-to-earnings-growth ratio of 2.05 and a beta of 0.64.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be issued a dividend of $0.44 per share. The ex-dividend date is Thursday, March 14th. This represents a $1.76 dividend on an annualized basis and a yield of 2.11%. Nasdaq’s payout ratio is currently 36.36%.
A number of research firms recently weighed in on NDAQ. Zacks Investment Research upgraded Nasdaq from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a report on Monday, December 31st. BidaskClub upgraded Nasdaq from a “hold” rating to a “buy” rating in a report on Thursday, February 28th. ValuEngine downgraded Nasdaq from a “buy” rating to a “hold” rating in a report on Monday, January 7th. Raymond James decreased their price objective on Nasdaq from $97.00 to $96.00 and set an “outperform” rating for the company in a report on Tuesday, March 5th. Finally, Atlantic Securities began coverage on Nasdaq in a report on Wednesday, November 28th. They issued an “overweight” rating and a $105.00 price objective for the company. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $96.00.
In other Nasdaq news, insider Bradley J. Peterson sold 6,159 shares of the stock in a transaction dated Wednesday, January 30th. The stock was sold at an average price of $85.48, for a total transaction of $526,471.32. Following the completion of the sale, the insider now directly owns 39,482 shares in the company, valued at approximately $3,374,921.36. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Pc Nelson Griggs sold 1,339 shares of the stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $90.24, for a total value of $120,831.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,339 shares of company stock valued at $1,114,349. Company insiders own 0.40% of the company’s stock.
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Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.
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