Aviance Capital Partners LLC Lowers Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Aviance Capital Partners LLC decreased its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 2.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,170 shares of the financial services provider’s stock after selling 190 shares during the quarter. Aviance Capital Partners LLC’s holdings in Nasdaq were worth $579,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Salem Investment Counselors Inc. lifted its stake in shares of Nasdaq by 89.3% in the 1st quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 201 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Nasdaq in the 4th quarter valued at about $29,000. Allworth Financial LP lifted its stake in shares of Nasdaq by 74.9% in the 4th quarter. Allworth Financial LP now owns 815 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 349 shares in the last quarter. Lindbrook Capital LLC lifted its stake in shares of Nasdaq by 158.5% in the 4th quarter. Lindbrook Capital LLC now owns 902 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 553 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of Nasdaq by 313.7% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,328 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 1,007 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Rosenblatt Securities lowered Nasdaq from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $76.00 to $64.00 in a research report on Wednesday, May 8th. Morgan Stanley raised Nasdaq from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $59.00 to $80.00 in a research report on Tuesday, April 9th. Barclays reduced their price target on Nasdaq from $76.00 to $73.00 and set an “overweight” rating on the stock in a research report on Friday, April 26th. The Goldman Sachs Group raised Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price target on the stock in a research report on Tuesday, March 26th. Finally, Keefe, Bruyette & Woods reduced their price target on Nasdaq from $75.00 to $74.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $67.00.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ traded down $0.08 during trading on Monday, reaching $60.18. The stock had a trading volume of 229,590 shares, compared to its average volume of 2,887,895. Nasdaq, Inc. has a one year low of $46.88 and a one year high of $64.25. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market cap of $34.62 billion, a PE ratio of 31.75, a P/E/G ratio of 3.27 and a beta of 0.94. The firm’s 50 day moving average price is $60.30 and its two-hundred day moving average price is $59.01.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly 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). Nasdaq had a net margin of 15.98% and a return on equity of 17.00%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the firm posted $0.69 earnings per share. Nasdaq’s revenue was up 22.2% compared to the same quarter last year. On average, research analysts forecast that Nasdaq, Inc. will post 2.68 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.60%. This is an increase from Nasdaq’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, June 14th. Nasdaq’s payout ratio is 50.53%.

Insider Activity

In related news, EVP Bryan Everard Smith sold 3,036 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $59.89, for a total transaction of $181,826.04. Following the completion of the transaction, the executive vice president now directly owns 58,636 shares in the company, valued at approximately $3,511,710.04. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.70% of the company’s stock.

Nasdaq Company 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.