Allworth Financial LP Grows Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Allworth Financial LP grew its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 12.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,292 shares of the financial services provider’s stock after buying an additional 141 shares during the quarter. Allworth Financial LP’s holdings in Nasdaq were worth $104,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Founders Capital Management bought a new stake in Nasdaq during the 4th quarter valued at $27,000. Catalyst Capital Advisors LLC bought a new stake in Nasdaq during the third quarter valued at about $27,000. Raleigh Capital Management Inc. grew its stake in Nasdaq by 106.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 225 shares during the last quarter. Focused Wealth Management Inc bought a new position in Nasdaq in the third quarter worth about $35,000. Finally, Peterson Financial Group Inc. purchased a new stake in shares of Nasdaq during the third quarter valued at about $42,000. Institutional investors own 72.47% of the company’s stock.

Insider Buying and Selling

In other news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the sale, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at $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 is available at this link. Insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

NDAQ has been the subject of several recent analyst reports. TD Cowen reduced their price objective on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, October 28th. Citigroup upped their target price on Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft raised Nasdaq from a “hold” rating to a “buy” rating and raised their price target for the stock from $80.00 to $98.00 in a report on Wednesday, January 8th. Keefe, Bruyette & Woods boosted their target price 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 upped their price target 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. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $86.88.

Nasdaq Price Performance

Shares of Nasdaq stock opened at $79.94 on Tuesday. The firm has a market cap of $45.95 billion, a PE ratio of 41.64, a P/E/G ratio of 2.12 and a beta of 0.99. The business has a 50-day moving average price of $79.62 and a 200 day moving average price of $76.64. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. Nasdaq, Inc. has a twelve month low of $55.51 and a twelve month high of $84.15.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share 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%. Sell-side analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

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 paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.20%. 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.