Private Wealth Partners LLC Increases Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Private Wealth Partners LLC lifted its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 20.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,770 shares of the financial services provider’s stock after buying an additional 1,300 shares during the quarter. Private Wealth Partners LLC’s holdings in Nasdaq were worth $601,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of NDAQ. Exchange Traded Concepts LLC purchased a new stake in shares of Nasdaq in the 3rd quarter worth $90,000. Creative Planning raised its holdings in shares of Nasdaq by 6.8% in the third quarter. Creative Planning now owns 54,917 shares of the financial services provider’s stock valued at $4,010,000 after acquiring an additional 3,475 shares in the last quarter. Blue Trust Inc. lifted its stake in Nasdaq by 96.3% in the third quarter. Blue Trust Inc. now owns 2,846 shares of the financial services provider’s stock worth $208,000 after acquiring an additional 1,396 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Nasdaq by 12.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 20,301 shares of the financial services provider’s stock worth $1,482,000 after acquiring an additional 2,171 shares in the last quarter. Finally, Ledyard National Bank purchased a new position in Nasdaq during the 3rd quarter valued at about $243,000. 72.47% of the stock is owned by institutional investors.

Nasdaq Stock Performance

Shares of NDAQ opened at $82.59 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The firm has a market cap of $47.47 billion, a PE ratio of 43.02, a price-to-earnings-growth ratio of 2.08 and a beta of 0.99. The company’s 50 day simple moving average is $79.58 and its 200-day simple moving average is $76.26. Nasdaq, Inc. has a 12-month low of $54.90 and a 12-month high of $84.15.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating 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 analysts predict that Nasdaq, Inc. will post 3.17 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.16%. Nasdaq’s dividend payout ratio (DPR) is presently 50.00%.

Analysts Set New Price Targets

A number of equities analysts recently commented on NDAQ shares. JPMorgan Chase & Co. boosted their price objective on shares of Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. UBS Group upped their price objective on Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Barclays cut their target price on Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. TD Cowen decreased their price target on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, October 28th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Nasdaq currently has a consensus rating of “Moderate Buy” and an average price target of $86.88.

Insider Buying and Selling

In other Nasdaq news, 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 transaction of $285,460.00. Following the sale, the executive vice president now directly owns 55,576 shares in the company, valued at approximately $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is currently owned by corporate insiders.

Nasdaq Company 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.