Nasdaq, Inc. (NASDAQ:NDAQ) Shares Bought by Crestmont Private Wealth LLC

Crestmont Private Wealth LLC grew its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 2.4% during the 4th quarter, Holdings Channel reports. The firm owned 8,017 shares of the financial services provider’s stock after buying an additional 185 shares during the period. Nasdaq comprises approximately 0.3% of Crestmont Private Wealth LLC’s investment portfolio, making the stock its 24th biggest holding. Crestmont Private Wealth LLC’s holdings in Nasdaq were worth $620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of NDAQ. Wellington Management Group LLP increased its position in Nasdaq by 163.3% during the third quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock worth $2,835,235,000 after buying an additional 24,084,154 shares in the last quarter. Mizuho Securities USA LLC increased its position in Nasdaq by 13,532.3% during the third quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock worth $292,040,000 after buying an additional 3,970,658 shares in the last quarter. State Street Corp increased its position in Nasdaq by 11.2% during the third quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock worth $1,310,653,000 after buying an additional 1,811,616 shares in the last quarter. Harris Associates L P increased its position in Nasdaq by 14.6% during the third quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock worth $627,596,000 after buying an additional 1,096,090 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Nasdaq by 9.5% during the third quarter. Geode Capital Management LLC now owns 10,761,240 shares of the financial services provider’s stock worth $783,181,000 after buying an additional 932,665 shares in the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Nasdaq Trading Up 0.1 %

NASDAQ:NDAQ opened at $76.25 on Wednesday. The business’s 50-day moving average is $79.29 and its two-hundred day moving average is $73.00. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. Nasdaq, Inc. has a 12 month low of $54.90 and a 12 month high of $83.77. The firm has a market capitalization of $43.83 billion, a PE ratio of 45.66, a price-to-earnings-growth ratio of 3.12 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the company earned $0.71 earnings per share. The company’s revenue for the quarter was up 21.9% compared to the same quarter last year. Research analysts predict that Nasdaq, Inc. will post 2.79 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, December 6th. Nasdaq’s payout ratio is 57.49%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on NDAQ shares. Morgan Stanley raised their price target on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Bank of America decreased their price objective on Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Raymond James raised their price objective on Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. The Goldman Sachs Group raised their price objective on Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a “hold” rating to a “buy” rating and raised their price objective for the stock from $80.00 to $98.00 in a report on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $85.73.

Insider Transactions at Nasdaq

In other news, insider Pc Nelson Griggs sold 6,000 shares of Nasdaq stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.71, for a total transaction of $454,260.00. Following the sale, the insider now directly owns 215,563 shares of the company’s stock, valued at approximately $16,320,274.73. The trade was a 2.71 % 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 this hyperlink. Also, EVP Jeremy Skule sold 12,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $77.92, for a total value of $935,040.00. Following the completion of the sale, the executive vice president now directly owns 114,580 shares of the company’s stock, valued at approximately $8,928,073.60. This represents a 9.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 49,459 shares of company stock valued at $3,811,808. 0.70% of the stock is currently owned by insiders.

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.