Crestwood Advisors Group LLC Buys 149 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Crestwood Advisors Group LLC boosted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,670 shares of the financial services provider’s stock after buying an additional 149 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Nasdaq were worth $268,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Nasdaq by 7.0% in the first quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider’s stock valued at $3,043,936,000 after acquiring an additional 3,173,981 shares during the last quarter. Farallon Capital Management LLC lifted its position in Nasdaq by 28.4% during the 1st quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider’s stock valued at $532,357,000 after purchasing an additional 1,866,219 shares during the period. Diamond Hill Capital Management Inc. boosted its stake in shares of Nasdaq by 2.0% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 4,767,175 shares of the financial services provider’s stock valued at $287,270,000 after purchasing an additional 94,122 shares during the last quarter. Bessemer Group Inc. grew its position in shares of Nasdaq by 26.5% during the 1st quarter. Bessemer Group Inc. now owns 2,878,115 shares of the financial services provider’s stock worth $181,609,000 after buying an additional 602,040 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Nasdaq by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 2,443,939 shares of the financial services provider’s stock worth $147,272,000 after buying an additional 82,606 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Stock Performance

NDAQ opened at $77.59 on Thursday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $44.60 billion, a price-to-earnings ratio of 46.46, a P/E/G ratio of 2.93 and a beta of 0.95. The business’s 50-day moving average price is $73.22 and its two-hundred day moving average price is $66.43. Nasdaq, Inc. has a 1 year low of $50.60 and a 1 year high of $79.27.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.69 by $0.05. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 EPS. Equities analysts expect that Nasdaq, Inc. will post 2.78 EPS for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq’s dividend payout ratio (DPR) is currently 57.49%.

Insider Activity at Nasdaq

In other news, insider Pc Nelson Griggs sold 6,000 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.71, for a total transaction of $454,260.00. Following the completion of the transaction, the insider now directly owns 215,563 shares in the company, valued at $16,320,274.73. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Pc Nelson Griggs sold 6,000 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.71, for a total transaction of $454,260.00. Following the sale, the insider now owns 215,563 shares in the company, valued at approximately $16,320,274.73. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Bradley J. Peterson sold 13,642 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.32, for a total value of $1,027,515.44. Following the completion of the transaction, the executive vice president now owns 142,830 shares of the company’s stock, valued at approximately $10,757,955.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on NDAQ. Raymond James raised shares of Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 target price for the company in a report on Monday, October 14th. Keefe, Bruyette & Woods lifted their price objective on Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. UBS Group upped their price objective on Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Morgan Stanley raised their target price on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, Barclays upped their price target on Nasdaq from $84.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $80.33.

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.