Bank of New York Mellon Corp lifted its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 29.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,305,975 shares of the financial services provider's stock after acquiring an additional 748,486 shares during the quarter. Bank of New York Mellon Corp owned 0.58% of Nasdaq worth $255,585,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of NDAQ. Founders Capital Management purchased a new position in Nasdaq in the 4th quarter worth about $27,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Nasdaq in the third quarter valued at $27,000. Kestra Investment Management LLC acquired a new stake in shares of Nasdaq in the fourth quarter worth $33,000. Raleigh Capital Management Inc. grew its holdings in shares of Nasdaq by 106.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider's stock valued at $34,000 after buying an additional 225 shares in the last quarter. Finally, Focused Wealth Management Inc acquired a new position in Nasdaq during the third quarter valued at $35,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.
Nasdaq Stock Performance
Shares of Nasdaq stock traded up $1.98 on Friday, reaching $82.78. The stock had a trading volume of 3,346,832 shares, compared to its average volume of 2,692,052. Nasdaq, Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $84.15. The business's 50-day moving average price is $79.84 and its two-hundred day moving average price is $76.93. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The stock has a market cap of $47.61 billion, a P/E ratio of 43.11, a price-to-earnings-growth ratio of 2.12 and a beta of 0.99.
Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, topping 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%. On average, sell-side analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current year.
Nasdaq Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq's dividend payout ratio is currently 50.00%.
Insiders Place Their Bets
In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the sale, the executive vice president now directly owns 55,576 shares in the company, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.70% of the company's stock.
Analyst Upgrades and Downgrades
NDAQ has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft raised Nasdaq from a "hold" rating to a "buy" rating and lifted their target price for the company from $80.00 to $98.00 in a research note on Wednesday, January 8th. Oppenheimer boosted their price objective on shares of Nasdaq from $86.00 to $89.00 and gave the company an "outperform" rating in a research report on Monday, January 13th. Barclays cut 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. Royal Bank of Canada restated an "outperform" rating and set a $95.00 price target on shares of Nasdaq in a report on Thursday, January 30th. Finally, Citigroup increased their price objective on Nasdaq from $78.00 to $84.00 and gave the stock a "neutral" rating in a report on Friday, January 10th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $86.88.
Read Our Latest Report on NDAQ
Nasdaq Profile
(
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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