Cumberland Partners Ltd Grows Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Cumberland Partners Ltd raised its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 19.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 169,995 shares of the financial services provider’s stock after purchasing an additional 27,551 shares during the quarter. Cumberland Partners Ltd’s holdings in Nasdaq were worth $13,142,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NDAQ. Olstein Capital Management L.P. boosted its position in Nasdaq by 35.6% in the 4th quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider’s stock valued at $6,185,000 after buying an additional 21,000 shares during the last quarter. Pacer Advisors Inc. lifted its position in Nasdaq by 75.7% in the 4th quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider’s stock valued at $4,170,000 after purchasing an additional 23,244 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Nasdaq by 26.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,173 shares of the financial services provider’s stock worth $3,454,000 after buying an additional 9,130 shares in the last quarter. USA Financial Formulas bought a new position in shares of Nasdaq in the fourth quarter worth $856,000. Finally, Nomura Asset Management Co. Ltd. increased its stake in Nasdaq by 49.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 164,179 shares of the financial services provider’s stock valued at $11,987,000 after buying an additional 54,594 shares during the period. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Trading Up 1.7 %

Shares of NASDAQ NDAQ opened at $82.59 on Thursday. The firm has a 50 day moving average price of $79.58 and a two-hundred day moving average price of $76.26. The stock has a market cap of $47.47 billion, a P/E ratio of 43.02, a price-to-earnings-growth ratio of 2.08 and a beta of 0.99. Nasdaq, Inc. has a 52-week low of $54.90 and a 52-week high of $84.15. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 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%. As a group, equities analysts forecast that Nasdaq, Inc. will post 3.17 EPS for the current year.

Nasdaq Dividend Announcement

The business 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 dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Friday, March 14th. Nasdaq’s dividend payout ratio (DPR) is 50.00%.

Analysts Set New Price Targets

NDAQ has been the subject of several recent research reports. Argus increased their target price on shares of Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Citigroup lifted their price target on Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a report on Friday, January 10th. JPMorgan Chase & Co. raised their target price on Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Saturday, December 14th. Finally, Keefe, Bruyette & Woods raised their target price on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $86.88.

Insider Activity at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the transaction, the executive vice president now directly owns 55,576 shares in the company, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.