United Capital Financial Advisors LLC Sells 8,521 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

United Capital Financial Advisors LLC lessened its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 3.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 261,225 shares of the financial services provider's stock after selling 8,521 shares during the period. United Capital Financial Advisors LLC's holdings in Nasdaq were worth $20,195,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Gamco Investors INC. ET AL raised its position in shares of Nasdaq by 4.2% during the fourth quarter. Gamco Investors INC. ET AL now owns 4,103 shares of the financial services provider's stock worth $317,000 after acquiring an additional 164 shares during the last quarter. Gabelli Funds LLC raised its holdings in Nasdaq by 23.2% during the 4th quarter. Gabelli Funds LLC now owns 4,905 shares of the financial services provider's stock worth $379,000 after purchasing an additional 925 shares during the last quarter. Canada Post Corp Registered Pension Plan acquired a new position in Nasdaq during the 4th quarter valued at about $470,000. Belpointe Asset Management LLC boosted its stake in shares of Nasdaq by 26.4% in the 4th quarter. Belpointe Asset Management LLC now owns 19,703 shares of the financial services provider's stock valued at $1,420,000 after purchasing an additional 4,111 shares during the last quarter. Finally, Mariner LLC grew its position in shares of Nasdaq by 4.1% during the 4th quarter. Mariner LLC now owns 2,467,182 shares of the financial services provider's stock worth $190,740,000 after buying an additional 98,090 shares during the period. Institutional investors and hedge funds own 72.47% of the company's stock.

Insider Transactions at Nasdaq

In other news, 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 value of $1,102,179.12. Following the completion of the transaction, the executive vice president now directly owns 59,694 shares in the company, valued at approximately $4,398,253.92. This represents a 20.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Bryan Everard Smith sold 3,500 shares of the business'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 sale, the executive vice president now owns 55,576 shares in the company, valued at $4,532,778.56. This represents a 5.92 % 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. 0.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on NDAQ shares. JPMorgan Chase & Co. increased their price objective on shares of Nasdaq from $88.00 to $95.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Citigroup cut their price target on Nasdaq from $84.00 to $75.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. StockNews.com cut Nasdaq from a "hold" rating to a "sell" rating in a research note on Wednesday, April 9th. UBS Group increased their target price on Nasdaq from $79.00 to $89.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. Finally, Oppenheimer decreased their target price on Nasdaq from $89.00 to $85.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, Nasdaq currently has an average rating of "Moderate Buy" and a consensus target price of $85.88.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ traded up $0.49 during midday trading on Friday, hitting $72.18. The stock had a trading volume of 2,606,182 shares, compared to its average volume of 2,829,458. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $41.51 billion, a P/E ratio of 37.59, a price-to-earnings-growth ratio of 2.12 and a beta of 1.02. The company's 50-day moving average price is $75.82 and its 200-day moving average price is $77.37. Nasdaq, Inc. has a fifty-two week low of $58.10 and a fifty-two week high of $84.15.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, topping the consensus estimate 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, equities research analysts predict 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 issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.33%. Nasdaq's dividend payout ratio (DPR) is currently 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.