Guinness Asset Management LTD Acquires 4,315 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Guinness Asset Management LTD boosted its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 65.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,859 shares of the financial services provider's stock after acquiring an additional 4,315 shares during the quarter. Guinness Asset Management LTD's holdings in Nasdaq were worth $840,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Citizens Financial Group Inc. RI increased its stake in shares of Nasdaq by 3.6% in the third quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider's stock valued at $290,000 after buying an additional 137 shares during the period. First Pacific Financial increased its position in Nasdaq by 1.0% in the 3rd quarter. First Pacific Financial now owns 13,842 shares of the financial services provider's stock valued at $1,011,000 after acquiring an additional 142 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of Nasdaq by 1.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider's stock valued at $759,000 after acquiring an additional 148 shares during the last quarter. Brooklyn Investment Group lifted its holdings in shares of Nasdaq by 8.5% during the fourth quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider's stock worth $147,000 after purchasing an additional 148 shares during the period. Finally, Crestwood Advisors Group LLC grew its stake in shares of Nasdaq by 4.2% in the third quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider's stock worth $268,000 after purchasing an additional 149 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Bradley J. Peterson sold 13,642 shares of the business's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the completion of the sale, the executive vice president now directly owns 142,830 shares in the company, valued at approximately $10,757,955.60. The trade was a 8.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Pc Nelson Griggs sold 5,742 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total transaction of $444,086.28. Following the sale, the insider now directly owns 205,821 shares of the company's stock, valued at approximately $15,918,196.14. This represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,459 shares of company stock worth $3,811,808. 0.70% of the stock is owned by corporate insiders.

Nasdaq Stock Up 0.6 %

NDAQ stock traded up $0.44 during midday trading on Monday, hitting $78.83. The stock had a trading volume of 2,714,641 shares, compared to its average volume of 2,235,793. Nasdaq, Inc. has a 52-week low of $54.90 and a 52-week high of $83.77. The business has a 50-day moving average of $79.29 and a two-hundred day moving average of $73.50. The firm has a market cap of $45.31 billion, a price-to-earnings ratio of 47.20, a price-to-earnings-growth ratio of 2.59 and a beta of 0.98. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the company earned $0.71 EPS. The firm's revenue for the quarter was up 21.9% on a year-over-year basis. As a group, equities research analysts forecast that Nasdaq, Inc. will post 2.8 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.22%. The ex-dividend date was Friday, December 6th. Nasdaq's dividend payout ratio (DPR) is 57.49%.

Analyst Ratings Changes

Several brokerages have commented on NDAQ. Keefe, Bruyette & Woods lifted their target price on Nasdaq from $86.00 to $91.00 and gave the stock an "outperform" rating in a report on Friday, December 20th. Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a "hold" rating to a "buy" rating and upped their target price for the company from $80.00 to $98.00 in a report on Wednesday, January 8th. Piper Sandler raised their price target on shares of Nasdaq from $73.00 to $80.00 and gave the stock an "overweight" rating in a report on Tuesday, October 8th. Citigroup upped their price objective on shares of Nasdaq from $78.00 to $84.00 and gave the company a "neutral" rating in a research note on Friday, January 10th. Finally, Oppenheimer lifted their target price on shares of Nasdaq from $86.00 to $89.00 and gave the stock an "outperform" rating in a research note on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.73.

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.