Corient Private Wealth LLC Purchases 58,969 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Corient Private Wealth LLC increased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 21.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 337,591 shares of the financial services provider’s stock after acquiring an additional 58,969 shares during the quarter. Corient Private Wealth LLC owned about 0.06% of Nasdaq worth $26,099,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. CV Advisors LLC bought a new position in Nasdaq in the fourth quarter valued at approximately $775,000. Envestnet Portfolio Solutions Inc. lifted its stake in Nasdaq by 2.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 27,931 shares of the financial services provider’s stock valued at $2,159,000 after buying an additional 703 shares in the last quarter. Frank Rimerman Advisors LLC lifted its stake in Nasdaq by 3.9% in the fourth quarter. Frank Rimerman Advisors LLC now owns 9,074 shares of the financial services provider’s stock valued at $702,000 after buying an additional 342 shares in the last quarter. Picton Mahoney Asset Management lifted its stake in Nasdaq by 5.2% in the fourth quarter. Picton Mahoney Asset Management now owns 176,656 shares of the financial services provider’s stock valued at $13,658,000 after buying an additional 8,750 shares in the last quarter. Finally, LBP AM SA lifted its stake in Nasdaq by 257.6% in the fourth quarter. LBP AM SA now owns 474,587 shares of the financial services provider’s stock valued at $36,690,000 after buying an additional 341,884 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on NDAQ shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $95.00 price target on shares of Nasdaq in a research note on Thursday, January 30th. Citigroup boosted their price objective on shares of Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. UBS Group boosted their price objective on shares of Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Keefe, Bruyette & Woods boosted their price objective 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, Oppenheimer boosted their price objective on shares of Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Nasdaq currently has a consensus rating of “Moderate Buy” and an average target price of $86.88.

Insider Buying and Selling at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,500 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were 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 approximately $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Price Performance

NASDAQ:NDAQ opened at $75.30 on Wednesday. Nasdaq, Inc. has a one year low of $58.10 and a one year high of $84.15. The company has a market cap of $43.31 billion, a P/E ratio of 39.22, a P/E/G ratio of 2.12 and a beta of 0.96. The firm’s fifty day moving average price is $79.23 and its two-hundred day moving average price is $77.38. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data 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 net margin of 15.10% and a return on equity of 14.82%. Equities analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.24 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.27%. Nasdaq’s dividend payout ratio is currently 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.