Steward Partners Investment Advisory LLC Grows Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Steward Partners Investment Advisory LLC boosted its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,249 shares of the financial services provider’s stock after acquiring an additional 501 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Nasdaq were worth $1,797,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Janney Montgomery Scott LLC boosted its stake in shares of Nasdaq by 12.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 42,828 shares of the financial services provider’s stock valued at $3,127,000 after buying an additional 4,651 shares during the last quarter. AIA Group Ltd boosted its stake in shares of Nasdaq by 8.8% during the 3rd quarter. AIA Group Ltd now owns 33,400 shares of the financial services provider’s stock valued at $2,439,000 after buying an additional 2,700 shares during the last quarter. Hollencrest Capital Management boosted its stake in shares of Nasdaq by 21.6% during the 3rd quarter. Hollencrest Capital Management now owns 1,126 shares of the financial services provider’s stock valued at $82,000 after buying an additional 200 shares during the last quarter. Equitable Trust Co. purchased a new position in shares of Nasdaq during the 3rd quarter valued at approximately $206,000. Finally, First Fiduciary Investment Counsel Inc. boosted its stake in shares of Nasdaq by 3.9% during the 3rd quarter. First Fiduciary Investment Counsel Inc. now owns 163,035 shares of the financial services provider’s stock valued at $11,903,000 after buying an additional 6,123 shares during the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Transactions at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the transaction, the executive vice president now owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NDAQ. Keefe, Bruyette & Woods increased their target price on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Barclays reduced their target price on Nasdaq from $96.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 target price on shares of Nasdaq in a research note on Thursday, January 30th. Deutsche Bank Aktiengesellschaft raised Nasdaq from a “hold” rating to a “buy” rating and upped their price target for the company from $80.00 to $98.00 in a research report on Wednesday, January 8th. Finally, StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a research report on Saturday, December 14th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Nasdaq presently has an average rating of “Moderate Buy” and an average target price of $86.88.

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $74.66 on Friday. Nasdaq, Inc. has a 1-year low of $57.96 and a 1-year high of $84.15. 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 business’s fifty day moving average price is $79.78 and its two-hundred day moving average price is $77.22. The firm has a market capitalization of $42.94 billion, a PE ratio of 38.89, a P/E/G ratio of 2.12 and a beta of 0.96.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. On average, research analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.24 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.29%. Nasdaq’s payout ratio is 50.00%.

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.