Assetmark Inc. increased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 354.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 94,847 shares of the financial services provider's stock after buying an additional 73,978 shares during the quarter. Assetmark Inc.'s holdings in Nasdaq were worth $7,333,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC purchased a new stake in Nasdaq in the 3rd quarter valued at about $27,000. Founders Capital Management bought a new position in shares of Nasdaq during the 4th quarter valued at approximately $27,000. Kestra Investment Management LLC bought a new position in shares of Nasdaq during the 4th quarter valued at approximately $33,000. Raleigh Capital Management Inc. grew its position in shares of Nasdaq by 106.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 225 shares during the period. Finally, Peterson Financial Group Inc. bought a new position in shares of Nasdaq during the 3rd quarter valued at approximately $42,000. 72.47% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the sale, the executive vice president now owns 55,576 shares of the company's stock, valued at $4,532,778.56. The trade was a 5.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.70% of the stock is currently owned by corporate insiders.
Nasdaq Stock Performance
Shares of NASDAQ:NDAQ traded down $1.51 during trading on Friday, hitting $74.66. 4,114,424 shares of the stock traded hands, compared to its average volume of 2,814,568. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The company has a market cap of $42.94 billion, a price-to-earnings ratio of 38.89, a P/E/G ratio of 2.12 and a beta of 0.96. The company has a fifty day moving average price of $79.78 and a two-hundred day moving average price of $77.22. Nasdaq, Inc. has a 52-week low of $57.96 and a 52-week high of $84.15.
Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. As a group, equities analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.
Nasdaq Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.24 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.29%. Nasdaq's dividend payout ratio is currently 50.00%.
Analyst Ratings Changes
A number of research firms have recently weighed in on NDAQ. Barclays reduced their target price on shares of Nasdaq from $96.00 to $95.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. StockNews.com raised shares of Nasdaq from a "sell" rating to a "hold" rating in a report on Saturday, December 14th. Raymond James raised their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the stock an "outperform" rating in a report on Thursday, January 9th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $95.00 price objective on shares of Nasdaq in a report on Thursday, January 30th. Finally, Citigroup raised their price objective on shares of Nasdaq from $78.00 to $84.00 and gave the stock a "neutral" rating in a report on Friday, January 10th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $86.88.
Check Out Our Latest Stock Report on NDAQ
About Nasdaq
(
Free Report)
Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.
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