SVB Wealth LLC Makes New Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

SVB Wealth LLC bought a new position in Nasdaq, Inc. (NASDAQ:NDAQ) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 3,950 shares of the financial services provider’s stock, valued at approximately $230,000.

Several other hedge funds have also made changes to their positions in the company. Canada Pension Plan Investment Board raised its position in shares of Nasdaq by 48.7% in the 3rd quarter. Canada Pension Plan Investment Board now owns 428,643 shares of the financial services provider’s stock worth $20,828,000 after acquiring an additional 140,286 shares in the last quarter. Schonfeld Strategic Advisors LLC raised its position in shares of Nasdaq by 10.9% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 446,910 shares of the financial services provider’s stock worth $21,715,000 after acquiring an additional 43,910 shares in the last quarter. ING Groep NV raised its position in shares of Nasdaq by 6.9% in the 3rd quarter. ING Groep NV now owns 53,838 shares of the financial services provider’s stock worth $2,616,000 after acquiring an additional 3,455 shares in the last quarter. Braun Stacey Associates Inc. raised its position in shares of Nasdaq by 29.5% in the 4th quarter. Braun Stacey Associates Inc. now owns 365,494 shares of the financial services provider’s stock worth $21,250,000 after acquiring an additional 83,227 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Nasdaq by 1.8% in the 4th quarter. Nordea Investment Management AB now owns 2,326,799 shares of the financial services provider’s stock worth $135,396,000 after acquiring an additional 40,215 shares in the last quarter. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on NDAQ shares. Edward Jones started coverage on Nasdaq in a research report on Wednesday, April 3rd. They issued a “buy” rating for the company. Oppenheimer upped their target price on Nasdaq from $65.00 to $68.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Rosenblatt Securities reaffirmed a “buy” rating and set a $82.00 target price on shares of Nasdaq in a research report on Thursday, February 1st. The Goldman Sachs Group raised Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 target price on the stock in a research report on Tuesday, March 26th. Finally, UBS Group upped their target price on Nasdaq from $56.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.09.

Nasdaq Stock Up 1.4 %

Nasdaq stock opened at $61.20 on Tuesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.01 and a current ratio of 1.01. The business’s 50-day simple moving average is $59.52 and its two-hundred day simple moving average is $56.24. The company has a market cap of $35.20 billion, a PE ratio of 29.00, a PEG ratio of 2.74 and a beta of 0.93. Nasdaq, Inc. has a fifty-two week low of $46.88 and a fifty-two week high of $64.25.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. The business had revenue of $1.10 billion for 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 company’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.64 EPS. Equities analysts anticipate that Nasdaq, Inc. will post 2.76 EPS for the current year.

Nasdaq Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 1.44%. Nasdaq’s payout ratio is 41.71%.

Insider Transactions at Nasdaq

In other news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the company’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 sale, the insider now owns 58,341,545 shares in the company, valued at $3,383,809,610. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the company’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 sale, the insider now owns 58,341,545 shares in the company, valued at $3,383,809,610. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bryan Everard Smith sold 7,400 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.91, for a total value of $465,534.00. Following the completion of the sale, 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. Company insiders own 0.75% of the company’s stock.

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.