Allworth Financial LP grew its position in Nasdaq, Inc. (NASDAQ:NDAQ – Free Report) 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
Check Out Our Latest Report on NDAQ
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 – Get Free Report) 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.
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