CANADA LIFE ASSURANCE Co Has $110.35 Million Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

CANADA LIFE ASSURANCE Co lifted its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 3.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,428,950 shares of the financial services provider's stock after acquiring an additional 49,032 shares during the period. CANADA LIFE ASSURANCE Co owned 0.25% of Nasdaq worth $110,350,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board grew its holdings in Nasdaq by 93.6% in the 4th quarter. Canada Pension Plan Investment Board now owns 210,549 shares of the financial services provider's stock valued at $16,278,000 after buying an additional 101,775 shares during the last quarter. Farringdon Capital Ltd. bought a new position in Nasdaq during the fourth quarter worth $766,000. Marshall Wace LLP acquired a new position in shares of Nasdaq during the fourth quarter valued at about $3,276,000. Zacks Investment Management bought a new position in Nasdaq during the fourth quarter valued at about $8,388,000. Finally, NewEdge Advisors LLC raised its stake in shares of Nasdaq by 56.2% in the fourth quarter. NewEdge Advisors LLC now owns 14,601 shares of the financial services provider's stock valued at $1,129,000 after purchasing an additional 5,254 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Trading Up 2.5 %

NASDAQ:NDAQ traded up $1.79 on Tuesday, reaching $72.45. The company's stock had a trading volume of 610,753 shares, compared to its average volume of 2,817,705. Nasdaq, Inc. has a 1-year low of $58.10 and a 1-year high of $84.15. The business's 50-day moving average price is $75.64 and its two-hundred day moving average price is $77.43. The firm has a market cap of $41.67 billion, a PE ratio of 37.73, a PEG ratio of 2.12 and a beta of 1.02. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. Equities research analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.24 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.33%. Nasdaq's dividend payout ratio is currently 50.00%.

Insider Buying and Selling

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 59,694 shares of the company's stock, valued at $4,398,253.92. This represents a 20.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Bryan Everard Smith sold 657 shares of the business's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $71.81, for a total transaction of $47,179.17. Following the completion of the sale, the executive vice president now directly owns 61,980 shares in the company, valued at approximately $4,450,783.80. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,116 shares of company stock valued at $1,434,818. Company insiders own 0.70% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NDAQ shares. Morgan Stanley lowered Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 price objective on the stock. in a research note on Tuesday, April 8th. StockNews.com raised shares of Nasdaq from a "sell" rating to a "hold" rating in a report on Friday. Piper Sandler raised their price objective on shares of Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Citigroup reduced their target price on Nasdaq from $84.00 to $75.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, Bank of America lifted their price objective on Nasdaq from $103.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Nasdaq has a consensus rating of "Moderate Buy" and an average price target of $85.88.

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.