Callan Family Office LLC Makes New $406,000 Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

Callan Family Office LLC bought a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 5,252 shares of the financial services provider’s stock, valued at approximately $406,000.

A number of other hedge funds have also made changes to their positions in the stock. Founders Capital Management bought a new position in Nasdaq during the 4th quarter valued at $27,000. Kestra Investment Management LLC acquired a new stake in shares of Nasdaq in the 4th quarter valued at about $33,000. Raleigh Capital Management Inc. lifted its position in shares of Nasdaq by 106.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 225 shares during the last quarter. Peterson Financial Group Inc. acquired a new position in Nasdaq in the third quarter worth about $42,000. Finally, Y.D. More Investments Ltd increased 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 valued at $47,000 after buying an additional 294 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Bryan Everard Smith sold 3,500 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.70% of the stock is currently owned by company insiders.

Nasdaq Stock Down 2.0 %

NDAQ opened at $74.66 on Monday. The stock’s fifty day moving average is $79.78 and its 200-day moving average is $77.27. Nasdaq, Inc. has a one year low of $57.96 and a one year high of $84.15. The company has a market capitalization of $42.94 billion, a PE ratio of 38.89, a P/E/G ratio of 2.12 and a beta of 0.96. 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 issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. On average, equities analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Friday, March 14th. Nasdaq’s payout ratio is 50.00%.

Analysts Set New Price Targets

A number of research firms have commented on NDAQ. StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a report on Saturday, December 14th. JPMorgan Chase & Co. raised their price objective on Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Citigroup boosted their target price on shares of Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Keefe, Bruyette & Woods raised their price target on shares of Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a “hold” rating to a “buy” rating and boosted their price objective for the company from $80.00 to $98.00 in a research report on Wednesday, January 8th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Nasdaq has a consensus rating of “Moderate Buy” and an average price target of $86.88.

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.