4,305 Shares in Nasdaq, Inc. (NASDAQ:NDAQ) Acquired by Ground Swell Capital LLC

Ground Swell Capital LLC purchased a new stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,305 shares of the financial services provider's stock, valued at approximately $333,000.

Several other institutional investors also recently made changes to their positions in NDAQ. Vanguard Group Inc. boosted its holdings in Nasdaq by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 52,576,413 shares of the financial services provider's stock valued at $4,064,682,000 after acquiring an additional 376,893 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Nasdaq by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 11,018,705 shares of the financial services provider's stock valued at $849,783,000 after purchasing an additional 257,465 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Nasdaq by 13.4% during the 4th quarter. Franklin Resources Inc. now owns 10,379,012 shares of the financial services provider's stock worth $802,401,000 after purchasing an additional 1,225,672 shares during the period. The Manufacturers Life Insurance Company increased its position in Nasdaq by 5.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 6,954,334 shares of the financial services provider's stock worth $537,640,000 after purchasing an additional 335,565 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Nasdaq by 37.9% in the fourth quarter. Ameriprise Financial Inc. now owns 6,005,047 shares of the financial services provider's stock valued at $464,676,000 after buying an additional 1,650,201 shares during the period. 72.47% of the stock is owned by hedge funds and other institutional investors.

Nasdaq Stock Up 0.3 %

NASDAQ:NDAQ opened at $79.20 on Friday. 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 company has a market capitalization of $45.47 billion, a price-to-earnings ratio of 41.25, a price-to-earnings-growth ratio of 2.12 and a beta of 1.00. Nasdaq, Inc. has a one year low of $58.28 and a one year high of $84.15. The stock has a 50-day simple moving average of $74.36 and a 200 day simple moving average of $77.70.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the business earned $0.63 EPS. The business's quarterly revenue was up 10.7% on a year-over-year basis. Sell-side analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a $0.27 dividend. This is an increase from Nasdaq's previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Friday, June 13th. Nasdaq's dividend payout ratio (DPR) is presently 49.09%.

Analyst Ratings Changes

Several research firms have recently issued reports on NDAQ. Royal Bank of Canada reissued an "outperform" rating and issued a $95.00 price objective on shares of Nasdaq in a research report on Thursday, April 10th. Barclays cut their price objective on Nasdaq from $86.00 to $84.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Citigroup lowered their target price on Nasdaq from $84.00 to $75.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods boosted their price target on Nasdaq from $87.00 to $88.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Finally, Redburn Atlantic raised shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price objective for the company in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Nasdaq has an average rating of "Moderate Buy" and a consensus target price of $86.50.

Insider Activity

In other Nasdaq news, EVP Bryan Everard Smith sold 657 shares of the stock in a transaction on Friday, April 4th. The stock was sold at an average price of $71.81, for a total value of $47,179.17. Following the sale, the executive vice president now directly owns 61,980 shares of the company's stock, valued at $4,450,783.80. This trade represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Sarah Youngwood sold 14,959 shares of the business's 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 approximately $4,398,253.92. This trade represents a 20.04 % decrease in their position. The disclosure for this sale can be found here. 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.

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