Nasdaq, Inc. (NASDAQ:NDAQ) Shares Acquired by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC lifted its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 94.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 726 shares of the financial services provider’s stock after purchasing an additional 353 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Nasdaq were worth $56,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Founders Capital Management purchased a new stake in shares of Nasdaq in the 4th quarter worth about $27,000. Claro Advisors LLC purchased a new stake in shares of Nasdaq in the 3rd quarter worth about $33,000. Raleigh Capital Management Inc. boosted its position in shares of Nasdaq by 106.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after buying an additional 225 shares in the last quarter. Focused Wealth Management Inc purchased a new stake in shares of Nasdaq in the 3rd quarter worth about $35,000. Finally, Peterson Financial Group Inc. purchased a new stake in shares of Nasdaq in the 3rd quarter worth about $42,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on NDAQ. Raymond James boosted their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Morgan Stanley raised their price target on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Oppenheimer upped their price objective on shares of Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. William Blair started coverage on shares of Nasdaq in a research report on Monday, November 25th. They set an “outperform” rating on the stock. Finally, Keefe, Bruyette & Woods boosted their price target on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.88.

Insider Transactions at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,500 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the sale, the executive vice president now 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

Shares of NASDAQ:NDAQ opened at $81.24 on Wednesday. The firm has a market capitalization of $46.69 billion, a PE ratio of 42.31, a P/E/G ratio of 2.15 and a beta of 0.99. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The business has a 50-day moving average of $79.55 and a two-hundred day moving average of $76.21. Nasdaq, Inc. has a 12 month low of $54.90 and a 12 month high of $84.15.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping 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, research analysts forecast that Nasdaq, Inc. will post 3.17 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Friday, March 14th. Nasdaq’s payout ratio is 50.00%.

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.