Russell Investments Group Ltd. Cuts Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Russell Investments Group Ltd. cut its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 18.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,041 shares of the financial services provider's stock after selling 58,442 shares during the quarter. Russell Investments Group Ltd.'s holdings in Nasdaq were worth $20,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Rakuten Securities Inc. bought a new position in Nasdaq in the fourth quarter valued at $26,000. Founders Capital Management purchased a new position in shares of Nasdaq during the 4th quarter valued at about $27,000. Kestra Investment Management LLC bought a new stake in Nasdaq in the 4th quarter worth approximately $33,000. Raleigh Capital Management Inc. grew its position in Nasdaq by 106.6% during the fourth 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 last quarter. Finally, TCTC Holdings LLC purchased a new position in shares of Nasdaq during the fourth quarter worth approximately $41,000. 72.47% of the stock is owned by institutional investors.

Nasdaq Stock Performance

NDAQ traded up $0.79 during trading on Tuesday, hitting $73.57. The company's stock had a trading volume of 378,555 shares, compared to its average volume of 2,826,918. The business's 50 day simple moving average is $76.60 and its 200-day simple moving average is $77.46. The firm has a market cap of $42.31 billion, a PE ratio of 38.38, a P/E/G ratio of 2.12 and a beta of 1.02. Nasdaq, Inc. has a one year low of $58.10 and a one year high of $84.15. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81.

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Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 predict that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.30%. Nasdaq's dividend payout ratio (DPR) is 50.00%.

Analysts Set New Price Targets

Several research firms have recently commented on NDAQ. Citigroup decreased their price objective on Nasdaq from $84.00 to $75.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Keefe, Bruyette & Woods raised their price target on shares of Nasdaq from $86.00 to $91.00 and gave the stock an "outperform" rating in a report on Friday, December 20th. Oppenheimer lowered their price objective on shares of Nasdaq from $89.00 to $85.00 and set an "outperform" rating for the company in a research note on Friday. Royal Bank of Canada restated an "outperform" rating and set a $95.00 price target on shares of Nasdaq in a report on Thursday, April 10th. Finally, StockNews.com cut Nasdaq from a "hold" rating to a "sell" rating in a report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $85.56.

Insiders Place Their Bets

In related news, EVP Sarah Youngwood sold 14,959 shares of the firm's stock in a transaction on 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 directly owns 59,694 shares in the company, valued at $4,398,253.92. This trade represents a 20.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bryan Everard Smith sold 657 shares of the stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $71.81, for a total transaction of $47,179.17. Following the completion of the sale, the executive vice president now directly owns 61,980 shares in the company, valued at $4,450,783.80. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,116 shares of company stock valued at $1,434,818 in the last quarter. 0.70% of the stock is currently owned by insiders.

About Nasdaq

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.