Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC lessened its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 17.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,169 shares of the financial services provider’s stock after selling 871 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Nasdaq were worth $242,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. The Manufacturers Life Insurance Company increased its holdings in Nasdaq by 214.0% in the third quarter. The Manufacturers Life Insurance Company now owns 6,281,617 shares of the financial services provider’s stock valued at $305,224,000 after buying an additional 4,280,846 shares during the last quarter. Norges Bank bought a new stake in Nasdaq in the fourth quarter valued at about $235,218,000. Renaissance Technologies LLC bought a new stake in Nasdaq in the first quarter valued at about $68,961,000. Morgan Stanley increased its holdings in Nasdaq by 22.9% in the fourth quarter. Morgan Stanley now owns 4,153,694 shares of the financial services provider’s stock valued at $254,829,000 after buying an additional 775,233 shares during the last quarter. Finally, LGT Capital Partners LTD. increased its holdings in Nasdaq by 136.5% in the fourth quarter. LGT Capital Partners LTD. now owns 1,264,990 shares of the financial services provider’s stock valued at $73,547,000 after buying an additional 730,200 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the sale, the insider now directly owns 58,341,545 shares of the company’s stock, valued at approximately $3,383,809,610. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the sale, the insider now directly owns 58,341,545 shares of the company’s stock, valued at approximately $3,383,809,610. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Bryan Everard Smith sold 7,400 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.91, for a total transaction of $465,534.00. Following the sale, the executive vice president now directly owns 61,672 shares in the company, valued at $3,879,785.52. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

Nasdaq Price Performance

NASDAQ NDAQ opened at $60.19 on Tuesday. The stock has a market capitalization of $34.62 billion, a P/E ratio of 28.53, a P/E/G ratio of 2.80 and a beta of 0.93. Nasdaq, Inc. has a 1 year low of $46.88 and a 1 year high of $64.25. The business’s fifty day moving average is $59.17 and its two-hundred day moving average is $55.82. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.01 and a current ratio of 1.01.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Nasdaq had a return on equity of 19.28% and a net margin of 17.48%. The firm’s revenue was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 earnings per share. On average, research analysts forecast that Nasdaq, Inc. will post 2.75 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.46%. The ex-dividend date was Wednesday, March 13th. Nasdaq’s dividend payout ratio (DPR) is currently 41.71%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Morgan Stanley raised Nasdaq from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $59.00 to $80.00 in a report on Tuesday, April 9th. Edward Jones began coverage on Nasdaq in a research note on Wednesday, April 3rd. They issued a “buy” rating for the company. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. The Goldman Sachs Group upgraded Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 target price for the company in a research note on Tuesday, March 26th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $82.00 target price on shares of Nasdaq in a research note on Thursday, February 1st. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Nasdaq currently has a consensus rating of “Moderate Buy” and an average target price of $67.09.

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.