Belpointe Asset Management LLC acquired a new stake in Nasdaq, Inc. (NASDAQ:NDAQ – Get Rating) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,400 shares of the financial services provider’s stock, valued at approximately $86,000.
A number of other institutional investors have also recently bought and sold shares of the business. CI Investments Inc. lifted its stake in shares of Nasdaq by 3,142.9% in the 3rd quarter. CI Investments Inc. now owns 454 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 440 shares during the period. International Assets Investment Management LLC acquired a new position in Nasdaq in the fourth quarter valued at about $26,000. Cambridge Trust Co. boosted its holdings in Nasdaq by 83.9% during the third quarter. Cambridge Trust Co. now owns 480 shares of the financial services provider’s stock worth $27,000 after buying an additional 219 shares during the last quarter. Bellevue Asset Management LLC grew its position in shares of Nasdaq by 200.0% during the 3rd quarter. Bellevue Asset Management LLC now owns 504 shares of the financial services provider’s stock worth $29,000 after buying an additional 336 shares during the period. Finally, Fiduciary Alliance LLC bought a new stake in shares of Nasdaq in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 73.01% of the company’s stock.
Nasdaq Trading Up 0.2 %
Nasdaq stock opened at $55.32 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a 50-day moving average of $54.50 and a 200-day moving average of $59.12. The company has a market cap of $27.15 billion, a price-to-earnings ratio of 24.09, a P/E/G ratio of 4.59 and a beta of 0.97. Nasdaq, Inc. has a one year low of $47.85 and a one year high of $69.22.
Nasdaq Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be given a dividend of $0.22 per share. This is a positive change from Nasdaq’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 1.59%. The ex-dividend date is Thursday, June 15th. Nasdaq’s dividend payout ratio is 34.83%.
Analyst Ratings Changes
Several research analysts recently weighed in on NDAQ shares. Deutsche Bank Aktiengesellschaft lowered shares of Nasdaq from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $72.00 to $60.00 in a research note on Thursday, January 26th. Credit Suisse Group lowered their price objective on shares of Nasdaq from $59.00 to $57.00 and set a “neutral” rating for the company in a research report on Monday, January 30th. JPMorgan Chase & Co. reduced their target price on Nasdaq from $70.00 to $67.00 and set an “overweight” rating on the stock in a report on Thursday, January 26th. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Finally, Oppenheimer boosted their price objective on Nasdaq from $64.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, April 20th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $63.67.
Insider Buying and Selling at Nasdaq
In other news, EVP Bryan Everard Smith sold 6,000 shares of the company’s stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $57.06, for a total value of $342,360.00. Following the sale, the executive vice president now directly owns 56,083 shares of the company’s stock, valued at approximately $3,200,095.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Bryan Everard Smith sold 6,000 shares of Nasdaq stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $57.06, for a total transaction of $342,360.00. Following the completion of the transaction, the executive vice president now directly owns 56,083 shares in the company, valued at approximately $3,200,095.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jeremy Skule sold 2,100 shares of the stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $57.93, for a total value of $121,653.00. Following the completion of the sale, the executive vice president now owns 70,467 shares in the company, valued at approximately $4,082,153.31. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.
Nasdaq, Inc is a holding company, which engages in trading, clearing, exchange technology, regulatory, securities listing, information, and public and private company services. It operates through the following segments: Market Technology, Investment Intelligence, Corporate Platforms, and Market Services.
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