Principal Financial Group Inc. Has $14.20 Million Stake in Nasdaq Inc (NASDAQ:NDAQ)

Principal Financial Group Inc. reduced its position in shares of Nasdaq Inc (NASDAQ:NDAQ) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 174,052 shares of the financial services provider’s stock after selling 3,675 shares during the period. Principal Financial Group Inc. owned about 0.11% of Nasdaq worth $14,197,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in NDAQ. FDx Advisors Inc. raised its position in shares of Nasdaq by 2.2% during the fourth quarter. FDx Advisors Inc. now owns 5,546 shares of the financial services provider’s stock worth $452,000 after purchasing an additional 118 shares during the period. Penobscot Investment Management Company Inc. grew its holdings in Nasdaq by 1.2% during the fourth quarter. Penobscot Investment Management Company Inc. now owns 10,250 shares of the financial services provider’s stock worth $836,000 after buying an additional 120 shares in the last quarter. Argent Trust Co grew its holdings in Nasdaq by 4.0% during the fourth quarter. Argent Trust Co now owns 3,340 shares of the financial services provider’s stock worth $273,000 after buying an additional 129 shares in the last quarter. Comerica Bank grew its holdings in Nasdaq by 0.4% during the fourth quarter. Comerica Bank now owns 39,909 shares of the financial services provider’s stock worth $3,425,000 after buying an additional 162 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in Nasdaq by 5.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 3,700 shares of the financial services provider’s stock worth $302,000 after buying an additional 185 shares in the last quarter. Institutional investors own 76.07% of the company’s stock.

A number of research analysts have issued reports on the company. BidaskClub upgraded Nasdaq from a “hold” rating to a “buy” rating in a research note on Thursday, February 28th. Raymond James reduced their price objective on Nasdaq from $97.00 to $96.00 and set an “outperform” rating for the company in a research note on Tuesday, March 5th. Zacks Investment Research cut Nasdaq from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. UBS Group increased their price objective on Nasdaq from $100.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Argus assumed coverage on Nasdaq in a report on Wednesday, February 6th. They set a “buy” rating and a $97.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $97.92.

In other Nasdaq news, EVP Thomas A. Wittman sold 13,561 shares of Nasdaq stock in a transaction on Monday, April 1st. The stock was sold at an average price of $88.04, for a total transaction of $1,193,910.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Pc Nelson Griggs sold 1,339 shares of Nasdaq stock in a transaction on Monday, February 25th. The shares were 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. In the last 90 days, insiders sold 21,059 shares of company stock valued at $1,841,213. 0.50% of the stock is currently owned by company insiders.

Shares of Nasdaq stock opened at $89.86 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market cap of $14.83 billion, a PE ratio of 18.57, a PEG ratio of 2.25 and a beta of 0.63. Nasdaq Inc has a 12 month low of $75.49 and a 12 month high of $96.84.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.05. The business had revenue of $638.00 million for the quarter, compared to analyst estimates of $632.71 million. Nasdaq had a return on equity of 14.53% and a net margin of 10.71%. Nasdaq’s revenue for the quarter was down 13.2% compared to the same quarter last year. During the same period last year, the company earned $1.22 EPS. Research analysts forecast that Nasdaq Inc will post 4.98 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.47 dividend. This is a positive change from Nasdaq’s previous quarterly dividend of $0.44. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Thursday, June 13th. Nasdaq’s dividend payout ratio (DPR) is currently 36.36%.

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Nasdaq Profile

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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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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