Ameriprise Financial Inc. lifted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 37.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,005,047 shares of the financial services provider's stock after purchasing an additional 1,650,201 shares during the period. Ameriprise Financial Inc. owned about 1.04% of Nasdaq worth $464,676,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Olstein Capital Management L.P. boosted its stake in shares of Nasdaq by 35.6% during the 4th quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider's stock valued at $6,185,000 after buying an additional 21,000 shares during the last quarter. NINE MASTS CAPITAL Ltd acquired a new stake in Nasdaq in the fourth quarter valued at $274,000. Pacer Advisors Inc. boosted its stake in Nasdaq by 75.7% during the 4th quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider's stock valued at $4,170,000 after acquiring an additional 23,244 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in Nasdaq by 892.3% during the 4th quarter. Teacher Retirement System of Texas now owns 60,647 shares of the financial services provider's stock worth $4,689,000 after acquiring an additional 54,535 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Nasdaq by 26.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,173 shares of the financial services provider's stock worth $3,454,000 after purchasing an additional 9,130 shares during the last quarter. 72.47% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Nasdaq
In other news, EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the sale, the executive vice president now owns 59,694 shares in the company, valued at approximately $4,398,253.92. This represents a 20.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Bryan Everard Smith sold 657 shares of the stock in a transaction 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 transaction, the executive vice president now owns 61,980 shares of the company's stock, valued at $4,450,783.80. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.70% of the company's stock.
Nasdaq Price Performance
NDAQ traded up $0.40 on Thursday, reaching $78.97. The company had a trading volume of 10,938,647 shares, compared to its average volume of 2,815,899. Nasdaq, Inc. has a one year low of $58.28 and a one year high of $84.15. The company has a market capitalization of $45.34 billion, a P/E ratio of 41.13, a PEG ratio of 2.12 and a beta of 1.00. The company has a fifty day moving average of $74.41 and a 200-day moving average of $77.64. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81.
Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its earnings results on Thursday, April 24th. The financial services provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.77 by $0.02. The firm had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.22 billion. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. The firm's quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.63 earnings per share. As a group, equities research analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current year.
Nasdaq Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a $0.27 dividend. This is a positive change from Nasdaq's previous quarterly dividend of $0.24. The ex-dividend date is Friday, June 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.37%. Nasdaq's dividend payout ratio is 49.09%.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. Piper Sandler lifted their price target on Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Barclays lowered their price target on Nasdaq from $86.00 to $84.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Citigroup reduced their price objective on Nasdaq from $84.00 to $75.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Oppenheimer decreased their price objective on shares of Nasdaq from $89.00 to $85.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Finally, Redburn Atlantic raised shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 target price on the stock in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $85.18.
Check Out Our Latest Report on Nasdaq
About Nasdaq
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Free Report)
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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