SG Americas Securities LLC has significantly increased its position in Nasdaq, Inc. during the second quarter of this year. According to the recently filed Form 13F with the Securities & Exchange Commission, the firm now owns 199,736 shares of Nasdaq, Inc. stock, which amounts to a 540.7% increase from the previous quarter. The total value of SG Americas Securities LLC’s holdings in Nasdaq is estimated to be $9,957,000.
Other institutional investors have also made changes to their positions in Nasdaq. RB Capital Management LLC raised its holdings in the company by 15.9% in the first quarter, American Century Companies Inc. grew its stake by 10.2% during the same period, Raymond James Trust N.A. lifted its position in Nasdaq by 14.1% in the first quarter, Sei Investments Co. increased its stake in Nasdaq by 8.4% in the first quarter, and Allianz Asset Management GmbH raised its holdings in Nasdaq by 32.0% in the first quarter. Overall, institutional investors own 72.47% of Nasdaq’s stock.
Nasdaq, Inc. is currently traded at $50.77 on the NASDAQ exchange. The company has a market capitalization of $24.94 billion and operates in the financial services sector. Nasdaq has a P/E ratio of 22.87 and a beta of 0.91.
The financial services provider recently reported its quarterly earnings for the quarter ending July 19th, exceeding analysts’ consensus estimates. Nasdaq, Inc. had a net margin of 18.08% and a return on equity of 21.92%. The firm had revenue of $925.00 million for the quarter, up 3.6% from the previous year.
Nasdaq has also announced its quarterly dividend, which will be paid on September 29th to shareholders of record on September 15th. The dividend will amount to $0.22 per share, representing an annualized dividend yield of 1.73%.
Analysts have set new price targets for Nasdaq, Inc. with a consensus rating of “Hold.” Morgan Stanley has set a price target of $55.00, Rosenblatt Securities has a price target of $82.00, UBS Group has set a price target of $56.00, and Deutsche Bank Aktiengesellschaft has set a price target of $53.00.
CEO Adena T. Friedman recently acquired 10,000 shares of Nasdaq, Inc. stock at an average cost of $51.00 per share. Following the acquisition, Friedman now owns 1,672,318 shares of the company’s stock. Insider buying and selling activity at Nasdaq, Inc. has been disclosed in filings with the SEC.
Sources:
– Form 13F filing with the Securities & Exchange Commission
– NASDAQ:NDAQ stock analysis
– SEC filings for insider buying and selling activity
– Analyst reports on Nasdaq, Inc.
Definitions:
- Form 13F: A form filed with the Securities & Exchange Commission by institutional investment managers that discloses their holdings of publicly traded securities.
- P/E ratio: A financial ratio that is used to assess the valuation of a company by comparing its market price per share to its earnings per share.
- Beta: A measure of a stock’s volatility in relation to the overall market.
- Dividend payout ratio (DPR): The percentage of a company’s earnings that is paid out to shareholders in the form of dividends.