Nasdaq, Inc. (NASDAQ:NDAQ) Shares Purchased by Cwm LLC

Cwm LLC lifted its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 11.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,971 shares of the financial services provider’s stock after buying an additional 1,288 shares during the period. Cwm LLC’s holdings in Nasdaq were worth $754,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of NDAQ. The Manufacturers Life Insurance Company grew its position in Nasdaq by 214.0% in the third quarter. The Manufacturers Life Insurance Company now owns 6,281,617 shares of the financial services provider’s stock valued at $305,224,000 after acquiring an additional 4,280,846 shares in the last quarter. LGT Capital Partners LTD. grew its holdings in Nasdaq by 136.5% during the 4th quarter. LGT Capital Partners LTD. now owns 1,264,990 shares of the financial services provider’s stock valued at $73,547,000 after purchasing an additional 730,200 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Nasdaq by 16.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,787,784 shares of the financial services provider’s stock worth $232,564,000 after buying an additional 681,238 shares during the period. Flossbach Von Storch AG increased its stake in Nasdaq by 230.9% during the 3rd quarter. Flossbach Von Storch AG now owns 795,943 shares of the financial services provider’s stock worth $38,675,000 after buying an additional 555,412 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in Nasdaq by 34.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,070,450 shares of the financial services provider’s stock worth $100,603,000 after buying an additional 533,086 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Activity at Nasdaq

In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the sale, the insider now directly owns 58,341,545 shares in the company, valued at $3,383,809,610. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Nasdaq news, EVP Bryan Everard Smith sold 7,400 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $62.91, for a total transaction of $465,534.00. Following the completion of the transaction, the executive vice president now directly owns 61,672 shares of the company’s stock, valued at approximately $3,879,785.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Dubai Ltd Borse sold 31,000,000 shares of Nasdaq stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the sale, the insider now directly owns 58,341,545 shares in the company, valued at approximately $3,383,809,610. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

Nasdaq Stock Down 0.1 %

Shares of NASDAQ:NDAQ opened at $60.08 on Tuesday. Nasdaq, Inc. has a 1-year low of $46.88 and a 1-year high of $64.25. The company’s fifty day moving average is $60.02 and its two-hundred day moving average is $56.63. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.01 and a current ratio of 0.99. The stock has a market capitalization of $34.56 billion, a price-to-earnings ratio of 31.62, a price-to-earnings-growth ratio of 2.79 and a beta of 0.93.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.02). Nasdaq had a return on equity of 17.00% and a net margin of 15.98%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the company earned $0.69 EPS. Nasdaq’s revenue was up 22.2% compared to the same quarter last year. Equities analysts anticipate that Nasdaq, Inc. will post 2.71 EPS for the current year.

Nasdaq Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.24 dividend. This is an increase from Nasdaq’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.60%. Nasdaq’s dividend payout ratio (DPR) is 46.32%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on NDAQ shares. The Goldman Sachs Group upgraded Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 target price for the company in a research note on Tuesday, March 26th. Edward Jones started coverage on Nasdaq in a research note on Wednesday, April 3rd. They set a “buy” rating for the company. Rosenblatt Securities cut their target price on Nasdaq from $82.00 to $76.00 and set a “buy” rating on the stock in a research report on Friday. Morgan Stanley raised shares of Nasdaq from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $59.00 to $80.00 in a research report on Tuesday, April 9th. Finally, UBS Group upped their price target on shares of Nasdaq from $56.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $66.92.

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.