CV Advisors LLC acquired a new stake in Nasdaq, Inc. (NASDAQ:NDAQ – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,030 shares of the financial services provider’s stock, valued at approximately $775,000. Nasdaq comprises approximately 0.3% of CV Advisors LLC’s portfolio, making the stock its 20th biggest position.
Several other hedge funds also recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. raised its stake in Nasdaq by 2.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 27,931 shares of the financial services provider’s stock valued at $2,159,000 after buying an additional 703 shares during the last quarter. Frank Rimerman Advisors LLC lifted its position in shares of Nasdaq by 3.9% in the fourth quarter. Frank Rimerman Advisors LLC now owns 9,074 shares of the financial services provider’s stock valued at $702,000 after acquiring an additional 342 shares in the last quarter. Picton Mahoney Asset Management lifted its position in Nasdaq by 5.2% during the fourth quarter. Picton Mahoney Asset Management now owns 176,656 shares of the financial services provider’s stock worth $13,658,000 after buying an additional 8,750 shares in the last quarter. LBP AM SA lifted its position in Nasdaq by 257.6% during the fourth quarter. LBP AM SA now owns 474,587 shares of the financial services provider’s stock worth $36,690,000 after buying an additional 341,884 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its stake in Nasdaq by 55.1% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 57,400 shares of the financial services provider’s stock worth $4,438,000 after acquiring an additional 20,400 shares during the last quarter. Institutional investors own 72.47% of the company’s stock.
Insiders Place Their Bets
In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the sale, the executive vice president now directly owns 55,576 shares in the company, valued at approximately $4,532,778.56. The trade was a 5.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.70% of the company’s stock.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on Nasdaq
Nasdaq Stock Performance
NASDAQ:NDAQ opened at $73.26 on Friday. Nasdaq, Inc. has a 12-month low of $57.96 and a 12-month high of $84.15. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $42.14 billion, a PE ratio of 38.16, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. The firm has a 50-day moving average price of $79.30 and a 200 day moving average price of $77.29.
Nasdaq (NASDAQ:NDAQ – Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Research analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.
Nasdaq Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.31%. Nasdaq’s payout ratio is presently 50.00%.
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.
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