Bleakley Financial Group LLC Purchases 429 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Bleakley Financial Group LLC grew its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 10.2% in the fourth quarter, Holdings Channel reports. The fund owned 4,620 shares of the financial services provider’s stock after acquiring an additional 429 shares during the quarter. Bleakley Financial Group LLC’s holdings in Nasdaq were worth $269,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Loomis Sayles & Co. L P bought a new position in Nasdaq during the 3rd quarter worth $26,000. Harbour Investments Inc. raised its position in Nasdaq by 250.6% during the 4th quarter. Harbour Investments Inc. now owns 547 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 391 shares during the last quarter. Carmel Capital Partners LLC bought a new position in Nasdaq during the 3rd quarter worth $32,000. Clear Street Markets LLC raised its position in Nasdaq by 93.9% during the 1st quarter. Clear Street Markets LLC now owns 665 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 322 shares during the last quarter. Finally, Covestor Ltd raised its position in Nasdaq by 132.1% during the 1st quarter. Covestor Ltd now owns 745 shares of the financial services provider’s stock worth $133,000 after purchasing an additional 424 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of several analyst reports. Barclays initiated coverage on Nasdaq in a research report on Thursday, April 11th. They set an “overweight” rating and a $76.00 target price for the company. Citigroup raised their target price on Nasdaq from $56.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, January 12th. Edward Jones assumed coverage on Nasdaq in a research report on Wednesday, April 3rd. They set a “buy” rating for the company. Morgan Stanley upgraded Nasdaq from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $59.00 to $80.00 in a report on Tuesday, April 9th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $82.00 price target on shares of Nasdaq in a report on Thursday, February 1st. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $67.09.

Nasdaq Stock Performance

Shares of NDAQ opened at $60.19 on Tuesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a 50-day moving average of $59.17 and a 200-day moving average of $55.82. The company has a market cap of $34.62 billion, a PE ratio of 28.53, a P/E/G ratio of 2.80 and a beta of 0.93. Nasdaq, Inc. has a one year low of $46.88 and a one year high of $64.25.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, January 31st. The financial services provider reported $0.72 EPS for the quarter, beating the consensus estimate of $0.70 by $0.02. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. Nasdaq had a return on equity of 19.28% and a net margin of 17.48%. The firm’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period last year, the business posted $0.64 EPS. On average, equities research analysts predict that Nasdaq, Inc. will post 2.75 EPS for the current fiscal year.

Nasdaq Dividend Announcement

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 $0.22 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.88 annualized dividend and a dividend yield of 1.46%. Nasdaq’s dividend payout ratio is presently 41.71%.

Insider Activity

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

Nasdaq Profile

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.