Lbp Am Sa Grows Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Lbp Am Sa boosted its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 257.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 474,587 shares of the financial services provider’s stock after purchasing an additional 341,884 shares during the period. Lbp Am Sa owned about 0.08% of Nasdaq worth $36,690,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Rakuten Securities Inc. purchased a new position in shares of Nasdaq in the fourth quarter valued at about $26,000. Founders Capital Management purchased a new position in shares of Nasdaq in the fourth quarter valued at about $27,000. Kestra Investment Management LLC purchased a new position in shares of Nasdaq in the fourth quarter valued at about $33,000. Raleigh Capital Management Inc. lifted its position 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 acquiring an additional 225 shares in the last quarter. Finally, Peterson Financial Group Inc. purchased a new position in shares of Nasdaq in the third quarter valued at about $42,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Nasdaq Stock Down 1.1 %

Shares of NASDAQ:NDAQ opened at $72.17 on Friday. Nasdaq, Inc. has a 1 year low of $57.96 and a 1 year high of $84.15. The business has a 50 day simple moving average of $79.50 and a two-hundred day simple moving average of $77.27. The firm has a market capitalization of $41.51 billion, a PE ratio of 37.59, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating 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, equities analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.33%. Nasdaq’s dividend payout ratio (DPR) is presently 50.00%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. William Blair assumed coverage on Nasdaq in a research report on Monday, November 25th. They issued an “outperform” rating on the stock. Citigroup lifted their target price on Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Barclays reduced their target price on Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Keefe, Bruyette & Woods lifted their target price on Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Finally, StockNews.com raised 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $86.88.

Insider Buying and Selling at Nasdaq

In related news, EVP Bryan Everard Smith sold 3,500 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now owns 55,576 shares in the company, valued at approximately $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.70% of the company’s stock.

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.