Corient Private Wealth LLC Acquires 58,969 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Corient Private Wealth LLC grew its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 21.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 337,591 shares of the financial services provider’s stock after acquiring an additional 58,969 shares during the quarter. Corient Private Wealth LLC’s holdings in Nasdaq were worth $26,099,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rakuten Securities Inc. bought a new stake in Nasdaq during the fourth quarter worth about $26,000. Founders Capital Management bought a new stake in Nasdaq during the fourth quarter worth about $27,000. Kestra Investment Management LLC bought a new stake in Nasdaq during the fourth quarter worth about $33,000. Raleigh Capital Management Inc. lifted its position in Nasdaq by 106.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 225 shares during the period. Finally, Y.D. More Investments Ltd lifted its position in Nasdaq by 94.2% during the fourth quarter. Y.D. More Investments Ltd now owns 606 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 294 shares during the period. Institutional investors own 72.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Raymond James upped their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Barclays cut their price objective on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 target price on shares of Nasdaq in a report on Thursday, January 30th. JPMorgan Chase & Co. increased their target price on shares of Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $86.88.

Insider Buying and Selling at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the sale, the executive vice president now owns 55,576 shares of the company’s stock, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

Nasdaq stock opened at $75.30 on Wednesday. The company has a market capitalization of $43.31 billion, a P/E ratio of 39.22, a P/E/G ratio of 2.12 and a beta of 0.96. The business has a 50 day moving average of $79.23 and a 200-day moving average of $77.38. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. Nasdaq, Inc. has a 1 year low of $58.10 and a 1 year high of $84.15.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. On average, equities research analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Friday, March 14th. Nasdaq’s dividend 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.