Cwm LLC Has $754,000 Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Cwm LLC increased its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 11.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 12,971 shares of the financial services provider’s stock after acquiring an additional 1,288 shares during the period. Cwm LLC’s holdings in Nasdaq were worth $754,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board grew its position in shares of Nasdaq by 48.7% during 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 buying an additional 140,286 shares during the period. Schonfeld Strategic Advisors LLC raised its position in shares of Nasdaq by 10.9% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 446,910 shares of the financial services provider’s stock valued at $21,715,000 after acquiring an additional 43,910 shares during the last quarter. ING Groep NV lifted its stake 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 valued at $2,616,000 after purchasing an additional 3,455 shares during the period. Braun Stacey Associates Inc. boosted 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 purchasing an additional 83,227 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Nasdaq by 1.8% during the fourth quarter. Nordea Investment Management AB now owns 2,326,799 shares of the financial services provider’s stock worth $135,396,000 after purchasing an additional 40,215 shares during the period. 72.47% of the stock is owned by institutional investors.

Nasdaq Stock Down 0.1 %

Nasdaq stock opened at $60.08 on Tuesday. The company has a 50 day moving average of $60.02 and a 200-day moving average of $56.63. The company has a quick ratio of 1.01, a current ratio of 0.99 and a debt-to-equity ratio of 0.90. Nasdaq, Inc. has a twelve month low of $46.88 and a twelve month high of $64.25. The stock has a market capitalization of $34.56 billion, a PE ratio of 31.62, a price-to-earnings-growth ratio of 2.79 and a beta of 0.93.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, April 25th. The financial services provider reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. Nasdaq had a return on equity of 17.00% and a net margin of 15.98%. Nasdaq’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 earnings per share. On average, equities research analysts anticipate that Nasdaq, Inc. will post 2.71 EPS for the current fiscal year.

Nasdaq Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.24 per share. This is a boost from Nasdaq’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Friday, June 14th. Nasdaq’s dividend payout ratio is currently 46.32%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on NDAQ shares. Morgan Stanley raised Nasdaq from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $59.00 to $80.00 in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods cut their price target on shares of Nasdaq from $75.00 to $74.00 and set an “outperform” rating on the stock in a research report on Friday. Rosenblatt Securities decreased their price objective on shares of Nasdaq from $82.00 to $76.00 and set a “buy” rating for the company in a report on Friday. Oppenheimer upped their target price on shares of Nasdaq from $65.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, Edward Jones began coverage on shares of Nasdaq in a research report on Wednesday, April 3rd. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $66.92.

Insider Activity at Nasdaq

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

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.