Oppenheimer Asset Management Inc. Acquires 43,654 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Oppenheimer Asset Management Inc. increased its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 1,195.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,307 shares of the financial services provider's stock after acquiring an additional 43,654 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Nasdaq were worth $3,589,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of 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 in the last quarter. Geode Capital Management LLC grew its holdings in Nasdaq by 2.4% during the fourth 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 during the period. Franklin Resources Inc. grew its holdings in Nasdaq by 13.4% during the fourth quarter. Franklin Resources Inc. now owns 10,379,012 shares of the financial services provider's stock valued at $802,401,000 after purchasing an additional 1,225,672 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Nasdaq by 5.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 6,954,334 shares of the financial services provider's stock valued at $537,640,000 after purchasing an additional 335,565 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in Nasdaq by 37.9% during 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 purchasing an additional 1,650,201 shares during the period. 72.47% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Nasdaq news, EVP Bryan Everard Smith sold 657 shares of Nasdaq stock in a transaction on Friday, April 4th. The shares were sold at an average price of $71.81, for a total transaction of $47,179.17. Following the completion of the transaction, the executive vice president now directly owns 61,980 shares of the company's stock, valued at $4,450,783.80. The trade was a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Pc Nelson Griggs sold 8,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $83.03, for a total value of $664,240.00. Following the completion of the transaction, the insider now directly owns 211,405 shares of the company's stock, valued at approximately $17,552,957.15. This trade represents a 3.65% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.70% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on NDAQ shares. Piper Sandler boosted their price objective on shares of Nasdaq from $80.00 to $83.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. UBS Group reiterated a "cautious" rating on shares of Nasdaq in a report on Monday, April 28th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $95.00 price objective on shares of Nasdaq in a report on Thursday, April 10th. Redburn Atlantic raised Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price objective on the stock in a research report on Thursday, April 17th. Finally, Wall Street Zen raised Nasdaq from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $87.19.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ traded up $0.69 during midday trading on Friday, hitting $89.08. The company's stock had a trading volume of 5,368,029 shares, compared to its average volume of 3,044,203. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.98 and a current ratio of 0.98. The firm's fifty day moving average price is $81.87 and its 200-day moving average price is $79.02. The firm has a market cap of $51.14 billion, a P/E ratio of 40.49, a P/E/G ratio of 2.28 and a beta of 1.00. Nasdaq, Inc. has a 1-year low of $59.46 and a 1-year high of $89.46.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.02. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. Nasdaq had a net margin of 16.36% and a return on equity of 15.38%. The company's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 EPS. On average, sell-side analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a dividend of $0.27 per share. This is an increase from Nasdaq's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a yield of 1.21%. The ex-dividend date is Friday, June 13th. Nasdaq's dividend payout ratio (DPR) is currently 49.09%.

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.