Cibc World Market Inc. Has $3.03 Million Holdings in Nasdaq, Inc. $NDAQ

Cibc World Market Inc. lifted its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 22.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,232 shares of the financial services provider’s stock after purchasing an additional 5,785 shares during the period. Cibc World Market Inc.’s holdings in Nasdaq were worth $3,034,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Nasdaq by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 59,916,887 shares of the financial services provider’s stock worth $5,819,727,000 after purchasing an additional 268,481 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Nasdaq by 4.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 27,627,767 shares of the financial services provider’s stock worth $2,683,485,000 after purchasing an additional 1,258,964 shares during the period. State Street Corp increased its stake in shares of Nasdaq by 7.7% in the third quarter. State Street Corp now owns 19,619,192 shares of the financial services provider’s stock worth $1,735,318,000 after purchasing an additional 1,404,348 shares during the period. Geode Capital Management LLC increased its stake in shares of Nasdaq by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 12,851,894 shares of the financial services provider’s stock worth $1,243,807,000 after purchasing an additional 378,577 shares during the period. Finally, Norges Bank bought a new position in shares of Nasdaq in the fourth quarter worth about $530,100,000. 72.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NDAQ has been the topic of a number of recent analyst reports. Argus upgraded Nasdaq to a “strong-buy” rating in a research note on Wednesday, February 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Nasdaq in a research note on Wednesday, April 22nd. Barclays lifted their price objective on Nasdaq from $115.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Keefe, Bruyette & Woods lifted their price objective on Nasdaq from $92.00 to $97.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Finally, Wall Street Zen upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Nasdaq currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.15.

Nasdaq Stock Down 0.6%

NASDAQ NDAQ opened at $86.78 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. The stock’s 50 day moving average is $88.58 and its two-hundred day moving average is $90.10. The company has a market capitalization of $49.08 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 1.74 and a beta of 0.97. Nasdaq, Inc. has a 1-year low of $77.09 and a 1-year high of $101.79.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $1.42 billion. Nasdaq had a return on equity of 17.51% and a net margin of 23.15%.The company’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.79 earnings per share. Equities analysts forecast that Nasdaq, Inc. will post 3.86 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, June 12th. This is a positive change from Nasdaq’s previous quarterly dividend of $0.27. This represents a $1.24 dividend on an annualized basis and a yield of 1.4%. Nasdaq’s dividend payout ratio (DPR) is presently 32.53%.

Insider Buying and Selling

In other Nasdaq news, insider Cohen Tal sold 15,518 shares of Nasdaq stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $90.75, for a total transaction of $1,408,258.50. Following the sale, the insider directly owned 215,208 shares of the company’s stock, valued at approximately $19,530,126. The trade was a 6.73% 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. Also, SVP Michelle Lynn Daly sold 1,323 shares of Nasdaq stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $88.82, for a total value of $117,508.86. Following the sale, the senior vice president directly owned 10,089 shares in the company, valued at $896,104.98. The trade was a 11.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 138,162 shares of company stock valued at $11,932,913 over the last ninety days. Company insiders own 0.60% of the company’s stock.

Nasdaq Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.