Stonehage Fleming Financial Services Holdings Ltd Makes New Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,000 shares of the financial services provider’s stock, valued at approximately $309,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Citizens Financial Group Inc. RI raised its stake in Nasdaq by 3.6% in the third quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider’s stock valued at $290,000 after buying an additional 137 shares during the period. First Pacific Financial lifted its position in Nasdaq by 1.0% during the third quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock worth $1,011,000 after acquiring an additional 142 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in Nasdaq by 1.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider’s stock worth $759,000 after acquiring an additional 148 shares during the last quarter. Brooklyn Investment Group boosted its holdings in shares of Nasdaq by 8.5% during the fourth quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 148 shares during the period. Finally, Crestwood Advisors Group LLC grew its position in shares of Nasdaq by 4.2% in the third quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 149 shares during the last quarter. 72.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

NDAQ has been the topic of a number of research reports. UBS Group upped their price objective on Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Saturday, December 14th. Bank of America lowered their target price on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Citigroup increased their price target on Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Finally, Barclays dropped their price objective on Nasdaq from $97.00 to $96.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $85.73.

Nasdaq Stock Up 0.1 %

NASDAQ:NDAQ opened at $81.15 on Monday. 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 one year low of $54.90 and a one year high of $83.77. The firm’s 50 day simple moving average is $79.41 and its 200 day simple moving average is $74.19. The company has a market cap of $46.64 billion, a PE ratio of 48.59, a P/E/G ratio of 2.77 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the business posted $0.71 earnings per share. Nasdaq’s quarterly revenue was up 21.9% on a year-over-year basis. On average, research analysts anticipate that Nasdaq, Inc. will post 2.81 earnings per share for the current year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders 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 yield of 1.18%. The ex-dividend date was Friday, December 6th. Nasdaq’s dividend payout ratio is presently 57.49%.

Insider Transactions at Nasdaq

In related news, EVP Jeremy Skule sold 12,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $77.92, for a total transaction of $935,040.00. Following the transaction, the executive vice president now owns 114,580 shares in the company, valued at $8,928,073.60. The trade was a 9.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Pc Nelson Griggs sold 5,742 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total transaction of $444,086.28. Following the transaction, the insider now directly owns 205,821 shares in the company, valued at $15,918,196.14. This trade represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,817 shares of company stock worth $2,330,033. Company 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.