Greenwich Wealth Management LLC Has $2.31 Million Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Greenwich Wealth Management LLC cut its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,900 shares of the financial services provider’s stock after selling 323 shares during the quarter. Greenwich Wealth Management LLC’s holdings in Nasdaq were worth $2,312,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. acquired a new stake in Nasdaq in the fourth quarter valued at approximately $26,000. Founders Capital Management bought a new position in shares of Nasdaq in the fourth quarter valued at approximately $27,000. Kestra Investment Management LLC bought a new position in shares of Nasdaq in the fourth quarter valued at approximately $33,000. Raleigh Capital Management Inc. raised its position in shares of Nasdaq by 106.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 225 shares during the period. Finally, Peterson Financial Group Inc. bought a new position in shares of Nasdaq in the third quarter valued at approximately $42,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on NDAQ shares. Oppenheimer lifted their price target on shares of Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Saturday, December 14th. Barclays dropped their target price on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a “hold” rating to a “buy” rating and boosted their target price for the stock from $80.00 to $98.00 in a research report on Wednesday, January 8th. Finally, UBS Group boosted their target price on shares of Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $86.88.

Nasdaq Stock Up 1.5 %

Shares of NASDAQ:NDAQ opened at $73.26 on Friday. Nasdaq, Inc. has a 52 week low of $57.96 and a 52 week high of $84.15. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The company’s fifty day moving average is $79.30 and its 200-day moving average is $77.29. The company has a market capitalization of $42.14 billion, a PE ratio of 38.16, a P/E/G ratio of 2.12 and a beta of 0.96.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results 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 net margin of 15.10% and a return on equity of 14.82%. Equities research analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.31%. Nasdaq’s dividend payout ratio (DPR) is 50.00%.

Insiders Place Their Bets

In other news, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were 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 of the company’s stock, valued at $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.70% of the company’s stock.

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.