Corient Private Wealth LLC Boosts Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Corient Private Wealth LLC grew its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 21.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 337,591 shares of the financial services provider's stock after acquiring an additional 58,969 shares during the period. Corient Private Wealth LLC owned about 0.06% of Nasdaq worth $26,099,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. CV Advisors LLC acquired a new stake in Nasdaq during the fourth quarter worth about $775,000. Envestnet Portfolio Solutions Inc. grew its stake in shares of Nasdaq by 2.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 27,931 shares of the financial services provider's stock worth $2,159,000 after purchasing an additional 703 shares during the period. Frank Rimerman Advisors LLC increased its holdings in shares of Nasdaq by 3.9% during the 4th quarter. Frank Rimerman Advisors LLC now owns 9,074 shares of the financial services provider's stock valued at $702,000 after purchasing an additional 342 shares in the last quarter. Picton Mahoney Asset Management increased its holdings in shares of Nasdaq by 5.2% during the 4th quarter. Picton Mahoney Asset Management now owns 176,656 shares of the financial services provider's stock valued at $13,658,000 after purchasing an additional 8,750 shares in the last quarter. Finally, LBP AM SA lifted its stake in shares of Nasdaq by 257.6% in the 4th quarter. LBP AM SA now owns 474,587 shares of the financial services provider's stock valued at $36,690,000 after purchasing an additional 341,884 shares during the period. Institutional investors and hedge funds own 72.47% of the company's stock.

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Nasdaq Trading Down 1.8 %

NASDAQ:NDAQ traded down $1.36 during trading hours on Friday, hitting $75.55. The company had a trading volume of 3,046,079 shares, compared to its average volume of 2,643,784. Nasdaq, Inc. has a 1 year low of $58.10 and a 1 year high of $84.15. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The company has a 50-day moving average of $79.17 and a 200 day moving average of $77.40. The company has a market cap of $43.45 billion, a P/E ratio of 39.35, a P/E/G ratio of 2.12 and a beta of 0.96.

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

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq's dividend payout ratio is presently 50.00%.

Insider Buying and Selling

In other news, EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction 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 directly owns 59,694 shares in the company, valued at approximately $4,398,253.92. This represents a 20.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Bryan Everard Smith sold 3,500 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was 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 of the company's stock, valued at $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NDAQ shares. StockNews.com lowered shares of Nasdaq from a "hold" rating to a "sell" rating in a research note on Wednesday. UBS Group increased their price target on Nasdaq from $79.00 to $89.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a "hold" rating to a "buy" rating and boosted their price objective for the company from $80.00 to $98.00 in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods increased their target price on Nasdaq from $86.00 to $91.00 and gave the company an "outperform" rating in a research report on Friday, December 20th. Finally, Citigroup boosted their price target on shares of Nasdaq from $78.00 to $84.00 and gave the stock a "neutral" rating in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $86.88.

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.