Ieq Capital LLC Has $2.05 Million Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Ieq Capital LLC grew its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 18.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,502 shares of the financial services provider's stock after purchasing an additional 4,184 shares during the quarter. Ieq Capital LLC's holdings in Nasdaq were worth $2,049,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC lifted its holdings in Nasdaq by 12.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 20,301 shares of the financial services provider's stock valued at $1,482,000 after buying an additional 2,171 shares during the period. Private Advisor Group LLC boosted its position in shares of Nasdaq by 7.9% during the 3rd quarter. Private Advisor Group LLC now owns 10,860 shares of the financial services provider's stock valued at $793,000 after purchasing an additional 795 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Nasdaq by 388,765.6% during the 3rd quarter. International Assets Investment Management LLC now owns 373,311 shares of the financial services provider's stock valued at $27,255,000 after purchasing an additional 373,215 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Nasdaq by 820.7% during the third quarter. Assenagon Asset Management S.A. now owns 132,786 shares of the financial services provider's stock worth $9,695,000 after purchasing an additional 118,364 shares during the period. Finally, Dakota Wealth Management increased its holdings in Nasdaq by 6.1% in the third quarter. Dakota Wealth Management now owns 4,262 shares of the financial services provider's stock worth $311,000 after purchasing an additional 245 shares in the last quarter. 72.47% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the transaction, the executive vice president now directly owns 55,576 shares in the company, valued at approximately $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on NDAQ shares. StockNews.com upgraded shares of Nasdaq from a "sell" rating to a "hold" rating in a research note on Saturday, December 14th. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a "hold" rating to a "buy" rating and upped their price objective for the company from $80.00 to $98.00 in a report on Wednesday, January 8th. William Blair began coverage on shares of Nasdaq in a research report on Monday, November 25th. They set an "outperform" rating on the stock. Keefe, Bruyette & Woods increased their price objective on Nasdaq from $86.00 to $91.00 and gave the stock an "outperform" rating in a research note on Friday, December 20th. Finally, Barclays cut their price objective on Nasdaq from $96.00 to $95.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Nasdaq currently has a consensus rating of "Moderate Buy" and an average price target of $86.88.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ opened at $81.07 on Monday. The firm has a 50 day moving average of $79.63 and a 200 day moving average of $76.55. Nasdaq, Inc. has a 12-month low of $55.51 and a 12-month high of $84.15. The firm has a market capitalization of $46.60 billion, a price-to-earnings ratio of 42.22, a price-to-earnings-growth ratio of 2.12 and a beta of 0.99. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 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%. On average, research analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The firm also recently announced 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 of this dividend is Friday, March 14th. Nasdaq's dividend payout ratio (DPR) is 50.00%.

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.

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