Cumberland Partners Ltd Has $13.14 Million Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Cumberland Partners Ltd raised its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 19.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 169,995 shares of the financial services provider's stock after acquiring an additional 27,551 shares during the quarter. Cumberland Partners Ltd's holdings in Nasdaq were worth $13,142,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in NDAQ. Private Wealth Partners LLC boosted its position in Nasdaq by 20.1% in the fourth quarter. Private Wealth Partners LLC now owns 7,770 shares of the financial services provider's stock valued at $601,000 after buying an additional 1,300 shares in the last quarter. Kestra Investment Management LLC acquired a new position in Nasdaq in the fourth quarter worth $33,000. Atria Wealth Solutions Inc. grew its holdings in shares of Nasdaq by 94.9% during the fourth quarter. Atria Wealth Solutions Inc. now owns 6,030 shares of the financial services provider's stock worth $466,000 after purchasing an additional 2,936 shares during the last quarter. Venturi Wealth Management LLC increased its stake in shares of Nasdaq by 1,274.2% in the fourth quarter. Venturi Wealth Management LLC now owns 907 shares of the financial services provider's stock valued at $70,000 after buying an additional 841 shares in the last quarter. Finally, CIBC Asset Management Inc increased its stake in shares of Nasdaq by 4.5% in the fourth quarter. CIBC Asset Management Inc now owns 67,823 shares of the financial services provider's stock valued at $5,243,000 after buying an additional 2,951 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. StockNews.com upgraded shares of Nasdaq from a "sell" rating to a "hold" rating in a research report on Saturday, December 14th. UBS Group raised their price target on shares of Nasdaq from $79.00 to $89.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. Keefe, Bruyette & Woods upped their price objective on Nasdaq from $86.00 to $91.00 and gave the stock an "outperform" rating in a report on Friday, December 20th. William Blair began coverage on Nasdaq in a research note on Monday, November 25th. They issued an "outperform" rating for the company. Finally, Oppenheimer upped their price target on Nasdaq from $86.00 to $89.00 and gave the company an "outperform" rating in a research note on Monday, January 13th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Nasdaq presently has an average rating of "Moderate Buy" and an average price target of $86.88.

Nasdaq Stock Down 1.4 %

Shares of NASDAQ:NDAQ traded down $1.19 during midday trading on Friday, reaching $81.35. 867,062 shares of the company were exchanged, compared to its average volume of 2,645,465. The firm has a market cap of $46.76 billion, a PE ratio of 42.45, a P/E/G ratio of 2.12 and a beta of 0.99. Nasdaq, Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $84.15. The stock has a fifty day simple moving average of $79.61 and a two-hundred day simple moving average of $76.30. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings results 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%. As a group, sell-side analysts forecast that Nasdaq, Inc. will post 3.17 earnings per share for the current year.

Nasdaq Announces Dividend

The company 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 dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Friday, March 14th. Nasdaq's dividend payout ratio (DPR) is currently 50.00%.

Insider Transactions at Nasdaq

In other news, 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 completion of the transaction, the executive vice president now owns 55,576 shares in the company, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.70% of the company's stock.

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.