Nasdaq, Inc. (NASDAQ:NDAQ) Shares Acquired by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC raised its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 103,246 shares of the financial services provider’s stock after purchasing an additional 328 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Nasdaq were worth $7,982,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in NDAQ. Wellington Management Group LLP increased its position in shares of Nasdaq by 163.3% in the 3rd quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock valued at $2,835,235,000 after acquiring an additional 24,084,154 shares during the period. State Street Corp boosted its stake in shares of Nasdaq by 11.2% during the 3rd quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock worth $1,310,653,000 after acquiring an additional 1,811,616 shares in the last quarter. Geode Capital Management LLC lifted its stake in Nasdaq by 9.5% in the 3rd quarter. Geode Capital Management LLC now owns 10,761,240 shares of the financial services provider’s stock valued at $783,181,000 after buying an additional 932,665 shares in the last quarter. Harris Associates L P lifted its stake in Nasdaq by 14.6% in the 3rd quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock valued at $627,596,000 after buying an additional 1,096,090 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its stake in Nasdaq by 9.7% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,723,392 shares of the financial services provider’s stock valued at $309,360,000 after buying an additional 330,389 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Nasdaq Stock Up 1.5 %

Shares of NASDAQ NDAQ opened at $73.26 on Monday. The company has a 50 day simple moving average of $79.30 and a 200-day simple moving average of $77.34. The company has a market capitalization of $42.14 billion, a P/E ratio of 38.16, a P/E/G ratio of 2.12 and a beta of 0.96. 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 $57.96 and a 1 year high of $84.15.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping 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 declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.31%. Nasdaq’s dividend payout ratio is currently 50.00%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on NDAQ shares. JPMorgan Chase & Co. raised their price target 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $95.00 price target on shares of Nasdaq in a research note on Thursday, January 30th. StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, December 14th. Raymond James raised their price target on shares of Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Finally, William Blair started coverage on shares of Nasdaq in a research note on Monday, November 25th. They issued an “outperform” rating on the stock. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $86.88.

Insider Transactions at Nasdaq

In related news, EVP Bryan Everard Smith sold 3,500 shares of the 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 transaction, the executive vice president now owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. This trade represents a 5.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

Nasdaq 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.