Nuveen LLC lifted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ – Free Report) by 82.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,073,271 shares of the financial services provider’s stock after purchasing an additional 2,736,322 shares during the quarter. Nuveen LLC’s holdings in Nasdaq were worth $589,897,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in NDAQ. SOA Wealth Advisors LLC. acquired a new stake in shares of Nasdaq during the fourth quarter worth $34,000. Nemes Rush Group LLC acquired a new stake in shares of Nasdaq during the fourth quarter worth $35,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Nasdaq during the fourth quarter worth $37,000. Elyxium Wealth LLC acquired a new stake in shares of Nasdaq during the fourth quarter worth $44,000. Finally, Community Bank N.A. acquired a new stake in shares of Nasdaq during the third quarter worth $45,000. Institutional investors and hedge funds own 72.47% of the company’s stock.
Nasdaq Trading Up 0.0%
Shares of NDAQ opened at $86.74 on Friday. 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 firm has a market capitalization of $49.05 billion, a P/E ratio of 26.13, a price-to-earnings-growth ratio of 1.73 and a beta of 0.97. The stock’s fifty day simple moving average is $88.80 and its 200 day simple moving average is $90.10. Nasdaq, Inc. has a twelve month low of $77.09 and a twelve month high of $101.79.
Nasdaq Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be given a $0.31 dividend. This is an increase from Nasdaq’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.24 annualized dividend and a dividend yield of 1.4%. Nasdaq’s dividend payout ratio is 32.53%.
Analyst Ratings Changes
NDAQ has been the topic of several analyst reports. Wall Street Zen upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. TD Cowen upgraded Nasdaq from a “hold” rating to a “buy” rating and raised their price objective for the stock from $105.00 to $106.00 in a report on Thursday, February 26th. Keefe, Bruyette & Woods raised their price objective on Nasdaq from $92.00 to $97.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. Barclays increased their target price on Nasdaq from $115.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Finally, Loop Capital set a $113.00 target price on Nasdaq in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $107.36.
Get Our Latest Analysis on NDAQ
Insider Buying and Selling
In other Nasdaq news, EVP Bradley J. Peterson sold 7,710 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $90.82, for a total value 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 trade represents a 5.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Cohen Tal sold 15,518 shares of the firm’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $90.75, for a total value of $1,408,258.50. Following the completion of the transaction, the insider directly owned 215,208 shares in the company, valued at $19,530,126. This trade represents a 6.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 138,162 shares of company stock valued at $11,932,913. 0.60% of the stock is owned by company insiders.
About Nasdaq
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.
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