Corient Private Wealth LLC Cuts Position in Nasdaq, Inc. $NDAQ

Corient Private Wealth LLC trimmed its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 1.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 322,734 shares of the financial services provider’s stock after selling 6,334 shares during the period. Corient Private Wealth LLC owned approximately 0.06% of Nasdaq worth $28,859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Front Row Advisors LLC bought a new position in Nasdaq during the second quarter valued at $25,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Nasdaq during the 2nd quarter valued at about $27,000. Bruce G. Allen Investments LLC lifted its holdings in shares of Nasdaq by 72.7% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 120 shares during the last quarter. Access Investment Management LLC bought a new position in shares of Nasdaq in the 2nd quarter valued at about $28,000. Finally, CVA Family Office LLC grew its position in Nasdaq by 137.4% in the second quarter. CVA Family Office LLC now owns 368 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 213 shares in the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on NDAQ. Cowen reaffirmed a “hold” rating on shares of Nasdaq in a research note on Wednesday, October 22nd. Barclays reaffirmed an “overweight” rating and set a $114.00 target price (up previously from $109.00) on shares of Nasdaq in a research note on Friday, December 12th. TD Cowen raised their price target on shares of Nasdaq from $94.00 to $96.00 and gave the stock a “hold” rating in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Nasdaq in a report on Tuesday, October 14th. Finally, Morgan Stanley raised shares of Nasdaq from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $97.00 to $110.00 in a research report on Thursday, November 20th. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Nasdaq currently has an average rating of “Moderate Buy” and an average target price of $101.33.

Insider Buying and Selling at Nasdaq

In related news, EVP Jeremy Skule sold 2,105 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $85.40, for a total transaction of $179,767.00. Following the sale, the executive vice president owned 84,974 shares of the company’s stock, valued at $7,256,779.60. This trade represents a 2.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is owned by company insiders.

Nasdaq Trading Up 0.8%

NASDAQ NDAQ opened at $93.71 on Thursday. The company’s 50-day simple moving average is $88.78 and its two-hundred day simple moving average is $90.16. Nasdaq, Inc. has a one year low of $64.84 and a one year high of $97.63. The company has a market capitalization of $53.51 billion, a price-to-earnings ratio of 33.47, a price-to-earnings-growth ratio of 1.69 and a beta of 1.02. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.99 and a current ratio of 0.99.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.06. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. Nasdaq had a net margin of 19.90% and a return on equity of 16.28%. The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the firm earned $0.74 earnings per share. Equities analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, December 5th. Nasdaq’s payout ratio is presently 38.57%.

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.