Nasdaq, Inc. (NASDAQ:NDAQ) Shares Acquired by Brooklyn Investment Group

Brooklyn Investment Group increased its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 8.5% in the 4th quarter, HoldingsChannel reports. The firm owned 1,899 shares of the financial services provider’s stock after buying an additional 148 shares during the quarter. Brooklyn Investment Group’s holdings in Nasdaq were worth $147,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NDAQ. Whitener Capital Management Inc. increased its position in Nasdaq by 4.2% during the fourth quarter. Whitener Capital Management Inc. now owns 11,717 shares of the financial services provider’s stock worth $906,000 after buying an additional 469 shares in the last quarter. Avanza Fonder AB acquired a new stake in shares of Nasdaq during the fourth quarter valued at $2,459,000. Hennion & Walsh Asset Management Inc. increased its position in Nasdaq by 325.5% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 24,170 shares of the financial services provider’s stock worth $1,869,000 after purchasing an additional 18,490 shares in the last quarter. USA Financial Formulas purchased a new position in Nasdaq in the 4th quarter valued at about $856,000. Finally, Clarus Wealth Advisors lifted its holdings in Nasdaq by 16.3% in the 4th quarter. Clarus Wealth Advisors now owns 10,696 shares of the financial services provider’s stock valued at $815,000 after purchasing an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $78.83 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84. The company has a market cap of $45.31 billion, a PE ratio of 47.20, a P/E/G ratio of 2.59 and a beta of 0.98. The company’s fifty day simple moving average is $79.29 and its 200-day simple moving average is $73.41. Nasdaq, Inc. has a 52 week low of $54.90 and a 52 week high of $83.77.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the company posted $0.71 earnings per share. The firm’s revenue was up 21.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Nasdaq, Inc. will post 2.8 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Friday, December 6th. Nasdaq’s dividend payout ratio is presently 57.49%.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of a number of analyst reports. UBS Group boosted their price objective on shares of Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Piper Sandler increased their price target on Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Barclays lowered their price objective on Nasdaq from $97.00 to $96.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. William Blair initiated coverage on Nasdaq in a research report on Monday, November 25th. They set an “outperform” rating on the stock. Finally, Oppenheimer lifted their price target on Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Nasdaq presently has an average rating of “Moderate Buy” and an average price target of $85.73.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Bradley J. Peterson sold 13,642 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the completion of the sale, the executive vice president now owns 142,830 shares in the company, valued at $10,757,955.60. This trade represents a 8.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Pc Nelson Griggs sold 5,742 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total value of $444,086.28. Following the completion of the transaction, the insider now directly owns 205,821 shares in the company, valued at approximately $15,918,196.14. The trade was a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,459 shares of company stock valued at $3,811,808 over the last 90 days. 0.70% of the stock is owned by corporate insiders.

About Nasdaq

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.