Allworth Financial LP Has $47,000 Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Allworth Financial LP lifted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 74.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 815 shares of the financial services provider’s stock after buying an additional 349 shares during the period. Allworth Financial LP’s holdings in Nasdaq were worth $47,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of NDAQ. Loomis Sayles & Co. L P acquired a new position in shares of Nasdaq during the third quarter worth about $26,000. Carmel Capital Partners LLC acquired a new position in Nasdaq during the third quarter valued at approximately $32,000. Harbour Investments Inc. boosted its position in Nasdaq by 250.6% during the fourth quarter. Harbour Investments Inc. now owns 547 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 391 shares during the last quarter. Clear Street Markets LLC boosted its position in Nasdaq by 93.9% during the first quarter. Clear Street Markets LLC now owns 665 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 322 shares during the last quarter. Finally, RVW Wealth LLC acquired a new position in Nasdaq during the third quarter valued at approximately $44,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Nasdaq

In other news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the transaction, the insider now owns 58,341,545 shares in the company, valued at $3,383,809,610. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the transaction, the insider now owns 58,341,545 shares in the company, valued at $3,383,809,610. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Bryan Everard Smith sold 7,400 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $62.91, for a total value of $465,534.00. Following the transaction, the executive vice president now owns 61,672 shares in the company, valued at approximately $3,879,785.52. The disclosure for this sale can be found here. 0.75% of the stock is owned by corporate insiders.

Nasdaq Price Performance

NASDAQ:NDAQ opened at $61.52 on Friday. The firm has a market capitalization of $35.39 billion, a price-to-earnings ratio of 29.16, a P/E/G ratio of 2.87 and a beta of 0.93. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.94. Nasdaq, Inc. has a 12-month low of $46.88 and a 12-month high of $64.25. The stock’s 50 day moving average price is $59.08 and its two-hundred day moving average price is $55.69.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. Nasdaq had a return on equity of 19.28% and a net margin of 17.48%. The firm’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.64 earnings per share. On average, analysts anticipate that Nasdaq, Inc. will post 2.75 earnings per share for the current year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.43%. Nasdaq’s dividend payout ratio (DPR) is currently 41.71%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. The Goldman Sachs Group raised Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price target for the company in a research report on Tuesday, March 26th. Piper Sandler increased their price target on Nasdaq from $70.00 to $71.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Barclays assumed coverage on Nasdaq in a research report on Thursday. They set an “overweight” rating and a $76.00 price target for the company. Oppenheimer increased their price target on Nasdaq from $65.00 to $68.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Finally, UBS Group upped their price objective on Nasdaq from $56.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Nasdaq has an average rating of “Moderate Buy” and an average target price of $67.09.

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.