Brown Brothers Harriman & Co. Buys 294 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Brown Brothers Harriman & Co. grew its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 9.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,374 shares of the financial services provider’s stock after acquiring an additional 294 shares during the period. Brown Brothers Harriman & Co.’s holdings in Nasdaq were worth $261,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of NDAQ. Allworth Financial LP lifted its holdings in Nasdaq by 12.3% during the 4th quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider’s stock worth $104,000 after buying an additional 141 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Nasdaq by 1.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider’s stock valued at $759,000 after acquiring an additional 148 shares during the period. Brooklyn Investment Group boosted its holdings in Nasdaq by 8.5% in the fourth quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider’s stock valued at $147,000 after acquiring an additional 148 shares during the last quarter. Crestwood Advisors Group LLC increased its position in Nasdaq by 4.1% in the fourth quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider’s stock worth $295,000 after purchasing an additional 152 shares during the period. Finally, Crestmont Private Wealth LLC raised its holdings in Nasdaq by 2.4% during the 4th quarter. Crestmont Private Wealth LLC now owns 8,017 shares of the financial services provider’s stock worth $620,000 after purchasing an additional 185 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of several analyst reports. Citigroup lifted their price target on shares of Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Barclays dropped their target price on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. UBS Group raised their price target on Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a “hold” rating to a “buy” rating and upped their price objective for the company from $80.00 to $98.00 in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. raised their target price on Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $86.88.

Insiders Place Their Bets

In related news, EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the transaction, the executive vice president now directly owns 59,694 shares of the company’s stock, valued at $4,398,253.92. This represents a 20.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bryan Everard Smith sold 3,500 shares of the 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 transaction, 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 position. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

NDAQ opened at $75.86 on Tuesday. Nasdaq, Inc. has a 1 year low of $58.10 and a 1 year high of $84.15. The company has a market capitalization of $43.63 billion, a PE ratio of 39.51, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. The business has a fifty day simple moving average of $79.06 and a 200 day simple moving average of $77.65. 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 issued its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. Research analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.27%. Nasdaq’s dividend payout ratio (DPR) is 50.00%.

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.