Callan Family Office LLC Acquires New Holdings in Nasdaq, Inc. $NDAQ

Callan Family Office LLC bought a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,417 shares of the financial services provider’s stock, valued at approximately $821,000.

Several other hedge funds have also recently bought and sold shares of NDAQ. Vanguard Group Inc. boosted its holdings in shares of Nasdaq by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 59,916,887 shares of the financial services provider’s stock valued at $5,819,727,000 after buying an additional 268,481 shares during the period. BlackRock Inc. bought a new position in Nasdaq in the second quarter valued at $2,931,637,000. State Street Corp increased its stake in Nasdaq by 1.3% in the 4th quarter. State Street Corp now owns 19,878,600 shares of the financial services provider’s stock valued at $1,930,808,000 after buying an additional 259,408 shares during the last quarter. Geode Capital Management LLC lifted its position in Nasdaq by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 12,851,894 shares of the financial services provider’s stock worth $1,243,807,000 after buying an additional 378,577 shares in the last quarter. Finally, Morgan Stanley lifted its position in Nasdaq by 62.6% during the 4th quarter. Morgan Stanley now owns 9,266,562 shares of the financial services provider’s stock worth $900,061,000 after buying an additional 3,567,843 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on NDAQ. Keefe, Bruyette & Woods raised their price objective on Nasdaq from $92.00 to $102.00 and gave the company a “market perform” rating in a report on Friday, July 24th. TD Cowen reissued a “buy” rating and set a $105.00 price target (up from $101.00) on shares of Nasdaq in a research report on Monday, July 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nasdaq in a research report on Monday, July 20th. Barclays reiterated an “overweight” rating and set a $111.00 price objective (up from $108.00) on shares of Nasdaq in a research note on Friday, July 24th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $113.00 price objective (up from $111.00) on shares of Nasdaq in a report on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $110.30.

Insider Buying and Selling at Nasdaq

In related news, EVP Bradley J. Peterson sold 13,000 shares of the stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $92.61, for a total transaction of $1,203,930.00. Following the sale, the executive vice president owned 128,293 shares in the company, valued at approximately $11,881,214.73. This trade represents a 9.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Ab Investor bought 56,782 shares of Nasdaq stock in a transaction on Thursday, June 11th. The stock was acquired at an average cost of $85.98 per share, for a total transaction of $4,882,116.36. Following the acquisition, the insider owned 58,439,208 shares in the company, valued at approximately $5,024,603,103.84. This represents a 0.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 41,797 shares of company stock valued at $3,926,319 in the last ninety days. 0.60% of the stock is currently owned by company insiders.

Nasdaq Trading Up 0.6%

Shares of NDAQ stock opened at $98.79 on Tuesday. Nasdaq, Inc. has a 12-month low of $76.55 and a 12-month high of $101.79. The company has a market capitalization of $55.22 billion, a PE ratio of 28.80, a price-to-earnings-growth ratio of 1.30 and a beta of 0.96. The firm has a 50 day moving average price of $90.00 and a two-hundred day moving average price of $88.05. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.09. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the firm posted $0.85 EPS. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. As a group, analysts predict that Nasdaq, Inc. will post 4.15 earnings per share for the current year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, September 11th. Nasdaq’s dividend payout ratio is presently 36.15%.

About Nasdaq

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.