Mariner LLC Has $248.08 Million Stock Holdings in Nasdaq, Inc. $NDAQ

Mariner LLC boosted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 5.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,804,678 shares of the financial services provider’s stock after buying an additional 138,633 shares during the period. Mariner LLC’s holdings in Nasdaq were worth $248,080,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Empowered Funds LLC boosted its stake in shares of Nasdaq by 3.8% during the 1st quarter. Empowered Funds LLC now owns 14,574 shares of the financial services provider’s stock worth $1,106,000 after acquiring an additional 538 shares in the last quarter. Woodline Partners LP raised its stake in shares of Nasdaq by 40.7% in the 1st quarter. Woodline Partners LP now owns 34,962 shares of the financial services provider’s stock valued at $2,652,000 after acquiring an additional 10,110 shares in the last quarter. Focus Partners Wealth lifted its holdings in Nasdaq by 22.0% in the 1st quarter. Focus Partners Wealth now owns 14,351 shares of the financial services provider’s stock worth $1,089,000 after purchasing an additional 2,584 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Nasdaq by 345.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 463 shares during the last quarter. Finally, Allworth Financial LP boosted its position in Nasdaq by 75.8% during the second quarter. Allworth Financial LP now owns 2,041 shares of the financial services provider’s stock worth $182,000 after purchasing an additional 880 shares during the period. 72.47% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Adena T. Friedman sold 300,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $96.91, for a total transaction of $29,073,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,924,903 shares of the company’s stock, valued at approximately $186,542,349.73. This trade represents a 13.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Zecca sold 4,500 shares of Nasdaq stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $100.01, for a total transaction of $450,045.00. Following the sale, the executive vice president owned 125,674 shares in the company, valued at approximately $12,568,656.74. This trade represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 697,340 shares of company stock valued at $66,803,072. Corporate insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on NDAQ. Royal Bank Of Canada reissued an “outperform” rating and issued a $108.00 price target on shares of Nasdaq in a research report on Friday, January 30th. Barclays reaffirmed an “overweight” rating and set a $115.00 price objective (up from $114.00) on shares of Nasdaq in a report on Friday, January 30th. Argus upgraded shares of Nasdaq to a “strong-buy” rating in a research note on Wednesday, February 11th. UBS Group reiterated a “buy” rating and issued a $120.00 target price (up from $115.00) on shares of Nasdaq in a report on Monday, January 12th. Finally, Morgan Stanley set a $116.00 target price on shares of Nasdaq and gave the stock an “overweight” rating in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Nasdaq has an average rating of “Buy” and a consensus price target of $103.80.

Nasdaq Trading Up 0.4%

Nasdaq stock opened at $85.85 on Tuesday. The business has a 50 day moving average price of $90.38 and a two-hundred day moving average price of $90.62. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.70. The stock has a market cap of $48.80 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 1.57 and a beta of 1.04. Nasdaq, Inc. has a 12 month low of $64.84 and a 12 month high of $101.79.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.04. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.37 billion. Nasdaq had a return on equity of 16.90% and a net margin of 21.77%.Nasdaq’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 EPS. As a group, equities analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, March 16th. Nasdaq’s payout ratio is 34.95%.

Nasdaq Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.