Geode Capital Management LLC Acquires 257,465 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Geode Capital Management LLC raised its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 2.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,018,705 shares of the financial services provider’s stock after acquiring an additional 257,465 shares during the quarter. Geode Capital Management LLC owned approximately 1.92% of Nasdaq worth $849,783,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of NDAQ. Allworth Financial LP increased its stake in Nasdaq by 12.3% in the 4th quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider’s stock worth $104,000 after buying an additional 141 shares during the period. Harbor Capital Advisors Inc. raised its holdings in shares of Nasdaq by 1.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider’s stock valued at $759,000 after acquiring an additional 148 shares in the last quarter. Brooklyn Investment Group lifted its stake in Nasdaq by 8.5% in the fourth quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 148 shares during the period. Crestwood Advisors Group LLC grew its holdings in Nasdaq by 4.1% during the 4th quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider’s stock worth $295,000 after acquiring an additional 152 shares in the last quarter. Finally, Crestmont Private Wealth LLC increased its position in Nasdaq by 2.4% during the 4th quarter. Crestmont Private Wealth LLC now owns 8,017 shares of the financial services provider’s stock valued at $620,000 after purchasing an additional 185 shares during the period. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Transactions at Nasdaq

In related news, EVP Bryan Everard Smith sold 3,500 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the transaction, the executive vice president now owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Sarah Youngwood sold 14,959 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the completion of the sale, the executive vice president now owns 59,694 shares of the company’s stock, valued at $4,398,253.92. This trade represents a 20.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Trading Up 3.0 %

Shares of NASDAQ:NDAQ opened at $78.30 on Thursday. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. Nasdaq, Inc. has a 52-week low of $58.10 and a 52-week high of $84.15. The stock has a market cap of $45.03 billion, a price-to-earnings ratio of 40.78, a PEG ratio of 2.12 and a beta of 0.96. The business has a 50-day moving average price of $78.93 and a 200-day moving average price of $77.68.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results 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 return on equity of 14.82% and a net margin of 15.10%. Equities analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.23%. Nasdaq’s dividend payout ratio is presently 50.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on NDAQ shares. JPMorgan Chase & Co. increased their price objective on shares of Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Oppenheimer lifted their price target on Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a report on Monday, January 13th. Bank of America upped their price objective on Nasdaq from $103.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday. Barclays cut their target price on Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Finally, StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Thursday, March 27th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Nasdaq currently has an average rating of “Moderate Buy” and a consensus price target of $87.94.

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.