Corient Private Wealth LP bought a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 161,001 shares of the financial services provider’s stock, valued at approximately $12,690,000.
A number of other large investors have also added to or reduced their stakes in the stock. Empowered Funds LLC lifted its position in Nasdaq by 3.8% during the first quarter. Empowered Funds LLC now owns 14,574 shares of the financial services provider’s stock worth $1,106,000 after purchasing an additional 538 shares during the period. Woodline Partners LP increased its holdings in Nasdaq by 40.7% in the 1st quarter. Woodline Partners LP now owns 34,962 shares of the financial services provider’s stock valued at $2,652,000 after buying an additional 10,110 shares during the period. Focus Partners Wealth raised its position in shares of Nasdaq by 22.0% in the 1st quarter. Focus Partners Wealth now owns 14,351 shares of the financial services provider’s stock valued at $1,089,000 after buying an additional 2,584 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Nasdaq by 345.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock valued at $45,000 after buying an additional 463 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its holdings in shares of Nasdaq by 4.4% during the 2nd quarter. Guggenheim Capital LLC now owns 11,386 shares of the financial services provider’s stock worth $1,018,000 after acquiring an additional 481 shares during the period. Institutional investors and hedge funds own 72.47% of the company’s stock.
Nasdaq Price Performance
Shares of NASDAQ NDAQ opened at $99.31 on Friday. The firm has a market capitalization of $55.51 billion, a P/E ratio of 28.95, a P/E/G ratio of 1.32 and a beta of 0.97. The firm’s 50-day moving average price is $91.20 and its 200-day moving average price is $88.40. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. Nasdaq, Inc. has a 1-year low of $76.55 and a 1-year high of $101.79.
Nasdaq Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, September 11th. Nasdaq’s payout ratio is 36.15%.
Insiders Place Their Bets
In related news, insider Pc Nelson Griggs sold 11,010 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $96.35, for a total transaction of $1,060,813.50. Following the transaction, the insider directly owned 205,001 shares of the company’s stock, valued at $19,751,846.35. This trade represents a 5.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Bradley J. Peterson sold 13,000 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $92.61, for a total transaction of $1,203,930.00. Following the transaction, the executive vice president owned 128,293 shares in the company, valued at approximately $11,881,214.73. This trade represents a 9.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 41,797 shares of company stock worth $3,926,319. Insiders own 0.60% of the company’s stock.
Analysts Set New Price Targets
Several research firms recently issued reports on NDAQ. Raymond James Financial reiterated an “outperform” rating and set a $113.00 price target (up from $111.00) on shares of Nasdaq in a research report on Thursday, July 9th. Zacks Research upgraded Nasdaq from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. TD Cowen restated a “buy” rating and set a $105.00 price target (up from $101.00) on shares of Nasdaq in a report on Monday, July 20th. Rothschild & Co Redburn set a $110.00 price objective on shares of Nasdaq in a report on Thursday, June 11th. Finally, Wall Street Zen upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $110.30.
Check Out Our Latest Stock Report on NDAQ
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.
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