Corient Private Wealth LLC Has $30.30 Million Position in Nasdaq, Inc. $NDAQ

Corient Private Wealth LLC cut its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 309,948 shares of the financial services provider’s stock after selling 9,640 shares during the quarter. Corient Private Wealth LLC’s holdings in Nasdaq were worth $30,300,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in NDAQ. Vanguard Group Inc. grew its holdings in shares of Nasdaq by 0.5% during 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 last quarter. 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 valued at $2,683,485,000 after buying an additional 1,258,964 shares during the period. State Street Corp raised its holdings in Nasdaq by 1.3% in the 4th quarter. State Street Corp now owns 19,878,600 shares of the financial services provider’s stock valued at $1,930,808,000 after buying an additional 259,408 shares during the last quarter. Geode Capital Management LLC raised its holdings in Nasdaq by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 12,851,894 shares of the financial services provider’s stock valued at $1,243,807,000 after buying an additional 378,577 shares during the last quarter. Finally, Morgan Stanley raised its holdings in Nasdaq by 62.6% in the 4th quarter. Morgan Stanley now owns 9,266,562 shares of the financial services provider’s stock valued at $900,061,000 after buying an additional 3,567,843 shares during the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Nasdaq Price Performance

Shares of NDAQ opened at $82.24 on Monday. Nasdaq, Inc. has a 1 year low of $77.09 and a 1 year high of $101.79. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $46.51 billion, a price-to-earnings ratio of 24.77, a price-to-earnings-growth ratio of 1.64 and a beta of 0.97. The business has a 50-day moving average of $88.72 and a 200-day moving average of $89.96.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, April 23rd. The financial services provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. Nasdaq had a return on equity of 17.51% and a net margin of 23.15%.The business had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the prior year, the business posted $0.79 earnings per share. The firm’s revenue was up 13.7% on a year-over-year basis. As a group, equities research analysts anticipate that Nasdaq, Inc. will post 3.86 earnings per share for the current year.

Nasdaq Increases Dividend

The company also recently declared 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. This represents a $1.24 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, June 12th. This is a positive change from Nasdaq’s previous quarterly dividend of $0.27. Nasdaq’s dividend payout ratio (DPR) is 37.35%.

Insider Transactions at Nasdaq

In other news, CEO Adena T. Friedman sold 113,611 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $85.44, for a total transaction of $9,706,923.84. Following the completion of the sale, the chief executive officer directly owned 1,965,751 shares in the company, valued at $167,953,765.44. This represents a 5.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Bradley J. Peterson sold 7,710 shares of Nasdaq stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $90.82, for a total transaction of $700,222.20. Following the transaction, the executive vice president directly owned 141,035 shares of the company’s stock, valued at $12,808,798.70. This represents a 5.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 138,162 shares of company stock worth $11,932,913. Company insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Raymond James Financial reissued an “outperform” rating and set a $109.00 target price on shares of Nasdaq in a report on Wednesday, February 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nasdaq in a research note on Wednesday, April 22nd. Wall Street Zen raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Rothschild & Co Redburn set a $110.00 price target on shares of Nasdaq in a report on Thursday, June 11th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Nasdaq from $92.00 to $97.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $107.36.

Nasdaq Company 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.