Cibc World Markets Corp Cuts Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Cibc World Markets Corp lessened its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 18.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,055 shares of the financial services provider’s stock after selling 15,211 shares during the period. Cibc World Markets Corp’s holdings in Nasdaq were worth $5,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NDAQ. Rakuten Securities Inc. purchased a new position in Nasdaq in the fourth quarter valued at about $26,000. Founders Capital Management purchased a new position in Nasdaq in the fourth quarter valued at about $27,000. Kestra Investment Management LLC acquired a new stake in Nasdaq in the fourth quarter worth about $33,000. Raleigh Capital Management Inc. boosted its holdings in Nasdaq by 106.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 225 shares in the last quarter. Finally, Y.D. More Investments Ltd boosted its holdings in Nasdaq by 94.2% in the fourth quarter. Y.D. More Investments Ltd now owns 606 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 294 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Activity

In related news, EVP Bryan Everard Smith sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the sale, the executive vice president now directly owns 55,576 shares in the company, valued at approximately $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the completion of 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 represents a 20.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

Nasdaq Stock Up 1.7 %

Shares of NDAQ stock opened at $76.58 on Thursday. The stock has a 50 day moving average of $79.20 and a 200 day moving average of $77.38. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The stock has a market cap of $44.04 billion, a P/E ratio of 39.89, a P/E/G ratio of 2.12 and a beta of 0.96. Nasdaq, Inc. has a twelve month low of $58.10 and a twelve month high of $84.15.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. As a group, sell-side analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Friday, March 14th. Nasdaq’s dividend payout ratio (DPR) is presently 50.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Raymond James raised their price target on Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Citigroup raised their price target on Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. UBS Group raised their price target on Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Keefe, Bruyette & Woods raised their price target on Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Finally, JPMorgan Chase & Co. lifted their target price on Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $86.88.

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.