Rockefeller Capital Management L.P. Boosts Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Rockefeller Capital Management L.P. grew its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 160.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NDAQ. Allworth Financial LP raised its position in Nasdaq by 12.3% in the fourth quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 141 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of Nasdaq by 1.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider’s stock worth $759,000 after purchasing an additional 148 shares during the last quarter. Brooklyn Investment Group raised its holdings in shares of Nasdaq by 8.5% in the 4th quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 148 shares during the period. Crestwood Advisors Group LLC lifted its stake in Nasdaq by 4.1% in the fourth quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider’s stock valued at $295,000 after purchasing an additional 152 shares during the last quarter. Finally, Crestmont Private Wealth LLC grew its holdings in Nasdaq by 2.4% during the fourth quarter. Crestmont Private Wealth LLC now owns 8,017 shares of the financial services provider’s stock valued at $620,000 after purchasing an additional 185 shares during the period. 72.47% of the stock is owned by hedge funds and other institutional investors.

Nasdaq Stock Up 1.7 %

Shares of NASDAQ NDAQ opened at $71.53 on Monday. The business has a 50-day moving average of $76.80 and a 200-day moving average of $77.45. The firm has a market capitalization of $41.14 billion, a price-to-earnings ratio of 37.26, a PEG ratio of 2.12 and a beta of 1.02. The company has a current ratio of 0.99, a quick ratio of 0.95 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) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Sell-side analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.24 per share. The ex-dividend date was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.34%. Nasdaq’s payout ratio is 50.00%.

Insiders Place Their Bets

In other news, EVP Sarah Youngwood sold 14,959 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the completion of the sale, the executive vice president now directly owns 59,694 shares in the company, valued at approximately $4,398,253.92. The trade was a 20.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 55,576 shares in the company, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,116 shares of company stock valued at $1,434,818 over the last 90 days. Insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. UBS Group boosted 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. Morgan Stanley cut Nasdaq from an “overweight” rating to an “equal weight” rating and set a $74.00 price objective on the stock. in a research note on Tuesday, April 8th. Barclays cut their target price on shares of Nasdaq from $95.00 to $87.00 and set an “overweight” rating for the company in a research report on Monday, April 7th. StockNews.com cut shares of Nasdaq from a “hold” rating to a “sell” rating in a research note on Wednesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and lifted their price objective for the company from $80.00 to $98.00 in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $85.63.

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.