Corebridge Financial Inc. Cuts Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Corebridge Financial Inc. trimmed its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 1.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,150 shares of the financial services provider’s stock after selling 1,932 shares during the quarter. Corebridge Financial Inc.’s holdings in Nasdaq were worth $8,052,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Olstein Capital Management L.P. grew its holdings in shares of Nasdaq by 35.6% in the fourth quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider’s stock valued at $6,185,000 after purchasing an additional 21,000 shares in the last quarter. NINE MASTS CAPITAL Ltd acquired a new position in shares of Nasdaq in the fourth quarter worth $274,000. Pacer Advisors Inc. increased its position in shares of Nasdaq by 75.7% during the fourth quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider’s stock worth $4,170,000 after acquiring an additional 23,244 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Nasdaq by 26.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,173 shares of the financial services provider’s stock valued at $3,454,000 after acquiring an additional 9,130 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in Nasdaq by 892.3% in the fourth quarter. Teacher Retirement System of Texas now owns 60,647 shares of the financial services provider’s stock valued at $4,689,000 after purchasing an additional 54,535 shares during the period. 72.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Oppenheimer increased their price target on Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. Keefe, Bruyette & Woods raised their target price on shares of Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 price target on shares of Nasdaq in a report on Thursday, January 30th. JPMorgan Chase & Co. raised their price objective on shares of Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Finally, Raymond James boosted their target price on shares of Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $86.88.

Nasdaq Trading Down 1.5 %

Shares of Nasdaq stock opened at $76.36 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The company has a market capitalization of $43.92 billion, a P/E ratio of 39.77, a PEG ratio of 2.12 and a beta of 0.96. Nasdaq, Inc. has a 1 year low of $58.10 and a 1 year high of $84.15. The company’s fifty day moving average is $79.20 and its two-hundred day moving average is $77.53.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. Analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.26%. Nasdaq’s dividend payout ratio (DPR) is 50.00%.

Insider Buying and Selling at Nasdaq

In other news, EVP Sarah Youngwood sold 14,959 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the transaction, the executive vice president now directly owns 59,694 shares in the company, valued at $4,398,253.92. The trade was a 20.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the transaction, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate 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.