Capital International Inc. CA Has $4.16 Million Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Capital International Inc. CA grew its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 39.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 53,860 shares of the financial services provider's stock after buying an additional 15,357 shares during the period. Capital International Inc. CA's holdings in Nasdaq were worth $4,164,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP lifted its stake in shares of Nasdaq by 12.3% in the 4th quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider's stock valued at $104,000 after purchasing an additional 141 shares during the period. Harbor Capital Advisors Inc. increased its holdings in Nasdaq by 1.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider's stock valued at $759,000 after purchasing an additional 148 shares during the last quarter. Brooklyn Investment Group lifted 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 buying an additional 148 shares during the period. Crestwood Advisors Group LLC boosted its holdings 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 worth $295,000 after buying an additional 152 shares during the last quarter. Finally, Gamco Investors INC. ET AL grew its position in shares of Nasdaq by 4.2% during the 4th quarter. Gamco Investors INC. ET AL now owns 4,103 shares of the financial services provider's stock worth $317,000 after buying an additional 164 shares during the period. Institutional investors own 72.47% of the company's stock.

Nasdaq Stock Performance

Nasdaq stock traded up $0.62 during midday trading on Friday, reaching $75.36. 2,793,549 shares of the company's stock were exchanged, compared to its average volume of 2,836,902. Nasdaq, Inc. has a 52 week low of $58.10 and a 52 week high of $84.15. The firm has a market cap of $43.34 billion, a price-to-earnings ratio of 39.25, a P/E/G ratio of 2.12 and a beta of 1.02. The stock's 50-day simple moving average is $75.19 and its 200 day simple moving average is $77.39. 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 released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.02. The firm had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.22 billion. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. On average, analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Friday, June 13th. This is a boost from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's payout ratio is currently 50.00%.

Wall Street Analyst Weigh In

NDAQ has been the topic of several recent analyst reports. Oppenheimer lowered their target price on shares of Nasdaq from $89.00 to $85.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Keefe, Bruyette & Woods lifted their target price on Nasdaq from $87.00 to $88.00 and gave the stock an "outperform" rating in a report on Friday. StockNews.com raised Nasdaq from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Royal Bank of Canada reissued an "outperform" rating and set a $95.00 target price on shares of Nasdaq in a research note on Thursday, April 10th. Finally, Barclays cut their price target on shares of Nasdaq from $86.00 to $84.00 and set an "overweight" rating on the stock in a research note on Friday. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Nasdaq currently has an average rating of "Moderate Buy" and an average target price of $85.18.

Insider Transactions at Nasdaq

In other news, EVP Bryan Everard Smith sold 657 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $71.81, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $73.68, for a total value of $1,102,179.12. Following the sale, the executive vice president now directly owns 59,694 shares in the company, valued at $4,398,253.92. This represents a 20.04 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,116 shares of company stock worth $1,434,818. Company insiders own 0.70% of the company's stock.

Nasdaq 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.