Nasdaq, Inc. (NASDAQ:NDAQ) Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. grew its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 160.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 410,146 shares of the financial services provider's stock after purchasing an additional 252,596 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.07% of Nasdaq worth $31,697,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Olstein Capital Management L.P. increased its position in Nasdaq by 35.6% in the 4th quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider's stock valued at $6,185,000 after acquiring an additional 21,000 shares during the period. NINE MASTS CAPITAL Ltd purchased a new position in shares of Nasdaq in the 4th quarter valued at approximately $274,000. Pacer Advisors Inc. increased its holdings in shares of Nasdaq by 75.7% in the fourth quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider's stock valued at $4,170,000 after purchasing an additional 23,244 shares during the period. Teacher Retirement System of Texas raised its stake in shares of Nasdaq by 892.3% during the fourth quarter. Teacher Retirement System of Texas now owns 60,647 shares of the financial services provider's stock worth $4,689,000 after purchasing an additional 54,535 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Nasdaq by 26.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,173 shares of the financial services provider's stock worth $3,454,000 after purchasing an additional 9,130 shares during the period. 72.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on NDAQ. Redburn Atlantic upgraded shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price objective for the company in a research report on Thursday. Morgan Stanley cut shares of Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 price target for the company. in a report on Tuesday, April 8th. StockNews.com lowered Nasdaq from a "hold" rating to a "sell" rating in a report on Wednesday, April 9th. Bank of America increased their target price on Nasdaq from $103.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday, April 2nd. Finally, Oppenheimer decreased their price target on Nasdaq from $89.00 to $85.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.88.

Nasdaq Stock Up 0.7 %

Shares of NDAQ traded up $0.49 during mid-day trading on Friday, reaching $72.18. 2,606,182 shares of the stock traded hands, compared to its average volume of 2,827,545. The firm has a market cap of $41.51 billion, a price-to-earnings ratio of 37.59, a P/E/G ratio of 2.12 and a beta of 1.02. The stock has a fifty day simple moving average of $75.99 and a 200 day simple moving average of $77.38. 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, Inc. has a 12-month low of $58.10 and a 12-month high of $84.15.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating 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%. Sell-side analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Friday, March 14th. Nasdaq's payout ratio is currently 50.00%.

Insider Transactions at Nasdaq

In related news, EVP Sarah Youngwood sold 14,959 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president now owns 59,694 shares of the company's stock, valued at approximately $4,398,253.92. This trade represents a 20.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Bryan Everard Smith sold 3,500 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the transaction, the executive vice president now owns 55,576 shares of the company's stock, valued at approximately $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,116 shares of company stock valued at $1,434,818. Insiders own 0.70% of the company's stock.

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.