Anfield Capital Management LLC Makes New $2.31 Million Investment in Nasdaq, Inc. $NDAQ

Anfield Capital Management LLC purchased a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 26,140 shares of the financial services provider’s stock, valued at approximately $2,312,000.

Several other institutional investors and hedge funds have also modified their holdings of NDAQ. Empowered Funds LLC lifted its holdings in shares of Nasdaq by 3.8% during the 1st quarter. Empowered Funds LLC now owns 14,574 shares of the financial services provider’s stock worth $1,106,000 after acquiring an additional 538 shares during the period. Woodline Partners LP increased its position in Nasdaq by 40.7% during the first quarter. Woodline Partners LP now owns 34,962 shares of the financial services provider’s stock worth $2,652,000 after purchasing an additional 10,110 shares during the last quarter. Focus Partners Wealth raised its stake in Nasdaq by 22.0% during the first quarter. Focus Partners Wealth now owns 14,351 shares of the financial services provider’s stock worth $1,089,000 after purchasing an additional 2,584 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Nasdaq by 345.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 463 shares during the last quarter. Finally, Brighton Jones LLC purchased a new stake in shares of Nasdaq during the 2nd quarter valued at $375,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Analysts Set New Price Targets

NDAQ has been the topic of several research reports. TD Cowen raised Nasdaq from a “hold” rating to a “buy” rating and increased their target price for the stock from $105.00 to $106.00 in a research report on Thursday. JPMorgan Chase & Co. lifted their price objective on Nasdaq from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. UBS Group reiterated a “buy” rating and set a $120.00 target price (up from $115.00) on shares of Nasdaq in a report on Monday, January 12th. Barclays restated an “overweight” rating and issued a $115.00 price target (up from $114.00) on shares of Nasdaq in a report on Friday, January 30th. Finally, Argus raised shares of Nasdaq to a “strong-buy” rating in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $103.80.

Nasdaq Stock Performance

Nasdaq stock opened at $87.58 on Friday. Nasdaq, Inc. has a 52 week low of $64.84 and a 52 week high of $101.79. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.70. The stock has a market cap of $49.78 billion, a P/E ratio of 28.34, a price-to-earnings-growth ratio of 1.46 and a beta of 1.02. The stock has a 50 day moving average of $92.79 and a 200-day moving average of $91.27.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, January 29th. The financial services provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $1.37 billion. Nasdaq had a return on equity of 16.90% and a net margin of 21.77%.The business’s revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 EPS. On average, analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, March 16th. Nasdaq’s dividend payout ratio (DPR) is presently 34.95%.

Insider Activity

In other Nasdaq news, EVP John Zecca sold 4,500 shares of Nasdaq stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $100.01, for a total value of $450,045.00. Following the completion of the transaction, the executive vice president directly owned 125,674 shares in the company, valued at $12,568,656.74. The trade was a 3.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Adena T. Friedman sold 300,000 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $96.39, for a total value of $28,917,000.00. Following the transaction, the chief executive officer directly owned 1,924,903 shares of the company’s stock, valued at $185,541,400.17. This trade represents a 13.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 604,500 shares of company stock valued at $58,440,045 over the last ninety days. Company insiders own 0.70% of the company’s stock.

About Nasdaq

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.