Stifel Financial Corp Has $30.61 Million Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Stifel Financial Corp trimmed its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 5.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 395,956 shares of the financial services provider's stock after selling 20,641 shares during the period. Stifel Financial Corp owned 0.07% of Nasdaq worth $30,612,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NDAQ. Rakuten Securities Inc. acquired a new position in Nasdaq during the 4th quarter valued at about $26,000. Founders Capital Management bought a new position in Nasdaq in the 4th quarter worth approximately $27,000. Kestra Investment Management LLC acquired a new stake in Nasdaq in the 4th quarter valued at approximately $33,000. Raleigh Capital Management Inc. raised its stake 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 in the last quarter. Finally, TCTC Holdings LLC acquired a new position in Nasdaq during the 4th quarter worth $41,000. 72.47% of the stock is currently owned by institutional investors.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 657 shares of Nasdaq stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $71.81, for a total value 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. The trade was a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the transaction, the executive vice president now owns 59,694 shares in the company, valued at approximately $4,398,253.92. This trade represents a 20.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,116 shares of company stock valued at $1,434,818. Insiders own 0.70% of the company's stock.

Nasdaq Stock Down 0.3 %

Nasdaq stock traded down $0.26 during mid-day trading on Monday, hitting $75.10. The company's stock had a trading volume of 2,842,314 shares, compared to its average volume of 2,809,328. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. Nasdaq, Inc. has a 52-week low of $58.28 and a 52-week high of $84.15. The firm's 50 day moving average is $75.07 and its 200 day moving average is $77.49. The company has a market cap of $43.12 billion, a PE ratio of 39.11, a price-to-earnings-growth ratio of 2.12 and a beta of 1.02.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.77 by $0.02. The business had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.22 billion. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. The firm's quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the company posted $0.63 earnings per share. On average, analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.44%. This is a positive change from Nasdaq's previous quarterly dividend of $0.24. The ex-dividend date is Friday, June 13th. Nasdaq's dividend payout ratio (DPR) is currently 49.09%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Redburn Atlantic raised shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price objective for the company in a report on Thursday, April 17th. JPMorgan Chase & Co. boosted their target price on Nasdaq from $88.00 to $95.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft upgraded 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. Oppenheimer dropped their price target on shares of Nasdaq from $89.00 to $85.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Nasdaq from $87.00 to $88.00 and gave the company an "outperform" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $85.18.

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.