Greenleaf Trust Has $648,000 Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Greenleaf Trust raised its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 11.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,147 shares of the financial services provider’s stock after acquiring an additional 1,149 shares during the period. Greenleaf Trust’s holdings in Nasdaq were worth $648,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Loomis Sayles & Co. L P bought a new stake in Nasdaq during the third quarter worth about $26,000. Turtle Creek Wealth Advisors LLC bought a new stake in Nasdaq during the fourth quarter worth about $29,000. Carmel Capital Partners LLC bought a new stake in Nasdaq during the third quarter worth about $32,000. Allworth Financial LP raised its holdings in Nasdaq by 74.9% during the fourth quarter. Allworth Financial LP now owns 815 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 349 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in Nasdaq during the third quarter worth about $65,000. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Price Performance

Nasdaq stock opened at $61.20 on Tuesday. Nasdaq, Inc. has a 12 month low of $46.88 and a 12 month high of $64.25. The stock’s 50 day moving average is $59.52 and its 200-day moving average is $56.24. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $35.20 billion, a price-to-earnings ratio of 29.00, a PEG ratio of 2.74 and a beta of 0.93.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. Nasdaq had a return on equity of 19.28% and a net margin of 17.48%. The firm’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.64 earnings per share. Equities research analysts expect that Nasdaq, Inc. will post 2.76 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date was Wednesday, March 13th. Nasdaq’s dividend payout ratio is currently 41.71%.

Insider Buying and Selling

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

Analysts Set New Price Targets

Several analysts have issued reports on NDAQ shares. Oppenheimer upped their price objective on Nasdaq from $65.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Edward Jones started coverage on Nasdaq in a research note on Wednesday, April 3rd. They issued a “buy” rating on the stock. Piper Sandler upped their price objective on Nasdaq from $70.00 to $71.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Morgan Stanley upgraded Nasdaq from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $59.00 to $80.00 in a research note on Tuesday, April 9th. Finally, Citigroup upped their price objective on Nasdaq from $56.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, January 12th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Nasdaq has an average rating of “Moderate Buy” and a consensus target price of $67.09.

About Nasdaq

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.