Greenleaf Trust Boosts Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Greenleaf Trust lifted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 1.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,663 shares of the financial services provider’s stock after buying an additional 214 shares during the period. Greenleaf Trust’s holdings in Nasdaq were worth $902,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of NDAQ. Catalyst Capital Advisors LLC acquired a new stake in Nasdaq in the third quarter valued at $27,000. Founders Capital Management purchased a new position in shares of Nasdaq in the 4th quarter valued at about $27,000. Claro Advisors LLC acquired a new stake in shares of Nasdaq in the third quarter valued at about $33,000. Raleigh Capital Management Inc. lifted its stake in shares of Nasdaq by 106.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 225 shares during the period. Finally, Focused Wealth Management Inc purchased a new stake in Nasdaq during the third quarter worth about $35,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on NDAQ shares. Keefe, Bruyette & Woods boosted their price target on Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 target price on shares of Nasdaq in a research report on Thursday, January 30th. Oppenheimer raised their price target on Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. Piper Sandler boosted their price objective on shares of Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Saturday, December 14th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $86.88.

Nasdaq Trading Down 0.5 %

NASDAQ NDAQ opened at $81.92 on Tuesday. The company has a market cap of $47.08 billion, a P/E ratio of 42.67, a P/E/G ratio of 2.12 and a beta of 0.99. Nasdaq, Inc. has a 12 month low of $54.90 and a 12 month high of $83.77. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The company has a 50-day moving average of $79.56 and a 200-day moving average of $74.99.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. As a group, equities analysts predict that Nasdaq, Inc. will post 3.17 earnings per share for the current year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq’s dividend payout ratio (DPR) is presently 50.00%.

Insiders Place Their Bets

In related news, insider Pc Nelson Griggs sold 5,742 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total transaction of $444,086.28. Following the completion of the sale, the insider now directly owns 205,821 shares of the company’s stock, valued at approximately $15,918,196.14. This represents a 2.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeremy Skule sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $77.92, for a total value of $935,040.00. Following the completion of the transaction, the executive vice president now directly owns 114,580 shares in the company, valued at $8,928,073.60. This trade represents a 9.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,817 shares of company stock worth $2,330,033 over the last three months. 0.70% of the stock is owned by insiders.

Nasdaq Company 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.