Magnetar Financial LLC Invests $2.91 Million in Nasdaq, Inc. (NASDAQ:NDAQ)

Magnetar Financial LLC purchased a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 37,640 shares of the financial services provider's stock, valued at approximately $2,910,000.

A number of other hedge funds also recently modified their holdings of NDAQ. Rakuten Securities Inc. bought a new stake in shares of Nasdaq in the fourth quarter valued at approximately $26,000. Founders Capital Management purchased a new position in Nasdaq in the 4th quarter valued at approximately $27,000. Kestra Investment Management LLC purchased a new position in Nasdaq in the 4th quarter valued at approximately $33,000. Raleigh Capital Management Inc. raised its holdings in Nasdaq by 106.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 225 shares during the period. Finally, TCTC Holdings LLC purchased a new stake in shares of Nasdaq during the fourth quarter worth $41,000. Institutional investors own 72.47% of the company's stock.

Nasdaq Price Performance

NASDAQ:NDAQ traded up $0.26 during mid-day trading on Tuesday, reaching $77.67. The stock had a trading volume of 1,677,221 shares, compared to its average volume of 2,630,753. The stock has a market capitalization of $44.67 billion, a P/E ratio of 40.45, a P/E/G ratio of 2.12 and a beta of 0.96. The firm has a 50 day moving average price of $79.20 and a two-hundred day moving average price of $77.50. 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, Inc. has a one year low of $58.10 and a one year high of $84.15.

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Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. As a group, analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.24%. The ex-dividend date is Friday, March 14th. Nasdaq's dividend payout ratio is presently 50.00%.

Insider Buying and Selling at Nasdaq

In other news, EVP Sarah Youngwood sold 14,959 shares of the business's stock in a transaction dated 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 completion of the sale, the executive vice president now owns 59,694 shares of the company's stock, valued at approximately $4,398,253.92. The trade was a 20.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the sale, the executive vice president now owns 55,576 shares of the company's stock, valued at $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.70% of the company's stock.

Analysts Set New Price Targets

NDAQ has been the topic of a number of analyst reports. Keefe, Bruyette & Woods boosted their price objective on Nasdaq from $86.00 to $91.00 and gave the company an "outperform" rating in a research note on Friday, December 20th. JPMorgan Chase & Co. increased their price target on shares of Nasdaq from $88.00 to $95.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. William Blair began coverage on shares of Nasdaq in a research report on Monday, November 25th. They issued an "outperform" rating for the company. Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a "hold" rating to a "buy" rating and upped their target price for the stock from $80.00 to $98.00 in a report on Wednesday, January 8th. Finally, Citigroup raised their price target on shares of Nasdaq from $78.00 to $84.00 and gave the company a "neutral" rating in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the stock presently 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.