Bank of Montreal Can Sells 65,038 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Bank of Montreal Can reduced its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 10.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 579,140 shares of the financial services provider's stock after selling 65,038 shares during the period. Bank of Montreal Can owned approximately 0.10% of Nasdaq worth $44,773,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP lifted its position in shares of Nasdaq by 12.3% during the 4th quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider's stock valued at $104,000 after acquiring an additional 141 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of Nasdaq by 1.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider's stock valued at $759,000 after buying an additional 148 shares in the last quarter. Brooklyn Investment Group increased its stake in Nasdaq by 8.5% in the fourth quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider's stock valued at $147,000 after acquiring an additional 148 shares during the last quarter. Crestwood Advisors Group LLC raised its position in Nasdaq by 4.1% during the fourth quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider's stock valued at $295,000 after purchasing an additional 152 shares in the last quarter. Finally, Crestmont Private Wealth LLC boosted its holdings in shares of Nasdaq by 2.4% in the 4th quarter. Crestmont Private Wealth LLC now owns 8,017 shares of the financial services provider's stock valued at $620,000 after purchasing an additional 185 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors.

Remove Ads

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. StockNews.com cut Nasdaq from a "hold" rating to a "sell" rating in a research report on Wednesday, April 9th. Raymond James upped their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the stock an "outperform" rating in a research report on Thursday, January 9th. UBS Group raised their target price on shares of Nasdaq from $79.00 to $89.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Oppenheimer dropped their price target on Nasdaq from $89.00 to $85.00 and set an "outperform" rating for the company in a research note on Friday. Finally, Piper Sandler boosted their price objective on Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $85.56.

Insider Transactions at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 657 shares of the firm's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $71.81, for a total value of $47,179.17. Following the transaction, the executive vice president now directly owns 61,980 shares of the company's stock, valued at approximately $4,450,783.80. This trade represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sarah Youngwood sold 14,959 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the sale, the executive vice president now directly owns 59,694 shares of the company's stock, valued at approximately $4,398,253.92. The trade was a 20.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,116 shares of company stock valued at $1,434,818 in the last 90 days. 0.70% of the stock is currently owned by corporate insiders.

Nasdaq Trading Up 1.1 %

Shares of Nasdaq stock traded up $0.79 on Tuesday, hitting $73.57. 397,412 shares of the company's stock traded hands, compared to its average volume of 3,115,032. The company has a fifty day moving average of $76.60 and a two-hundred day moving average of $77.46. Nasdaq, Inc. has a one year low of $58.10 and a one year high of $84.15. The company has a market capitalization of $42.31 billion, a price-to-earnings ratio of 38.32, a price-to-earnings-growth ratio of 2.12 and a beta of 1.02. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping the consensus estimate 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, sell-side analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.30%. Nasdaq's dividend payout ratio is currently 50.00%.

Nasdaq Company Profile

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.