Scotia Capital Inc. Sells 1,619 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Scotia Capital Inc. cut its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 26.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,439 shares of the financial services provider’s stock after selling 1,619 shares during the quarter. Scotia Capital Inc.’s holdings in Nasdaq were worth $343,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on NDAQ. Morgan Stanley cut Nasdaq from an “overweight” rating to an “equal weight” rating and set a $74.00 price target on the stock. in a report on Tuesday, April 8th. Oppenheimer reduced their target price on shares of Nasdaq from $89.00 to $85.00 and set an “outperform” rating on the stock in a research note on Friday. Keefe, Bruyette & Woods boosted their price target on shares of Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. StockNews.com cut shares of Nasdaq from a “hold” rating to a “sell” rating in a research note on Wednesday, April 9th. Finally, UBS Group increased their price target on Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $85.56.

Nasdaq Stock Up 1.7 %

Shares of NDAQ stock opened at $72.78 on Tuesday. Nasdaq, Inc. has a 52-week low of $58.10 and a 52-week high of $84.15. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The stock has a market cap of $41.86 billion, a price-to-earnings ratio of 37.91, a PEG ratio of 2.12 and a beta of 1.02. The firm’s 50-day moving average is $76.60 and its 200-day moving average is $77.46.

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

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.32%. Nasdaq’s dividend payout ratio is currently 50.00%.

Insiders Place Their Bets

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the completion of the sale, the executive vice president now owns 59,694 shares of the company’s stock, valued at $4,398,253.92. The trade was a 20.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Bryan Everard Smith sold 657 shares of the business’s stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $71.81, for a total value of $47,179.17. Following the completion of the sale, the executive vice president now owns 61,980 shares of the company’s stock, valued at approximately $4,450,783.80. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,116 shares of company stock worth $1,434,818 over the last three months. Insiders own 0.70% of the company’s stock.

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.