Nasdaq, Inc. $NDAQ Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. grew its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 52.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 833,095 shares of the financial services provider’s stock after purchasing an additional 285,606 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Nasdaq were worth $80,919,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Empowered Funds LLC boosted its holdings in Nasdaq by 3.8% during the first quarter. Empowered Funds LLC now owns 14,574 shares of the financial services provider’s stock worth $1,106,000 after buying an additional 538 shares in the last quarter. Woodline Partners LP increased its holdings in Nasdaq by 40.7% in the first quarter. Woodline Partners LP now owns 34,962 shares of the financial services provider’s stock valued at $2,652,000 after buying an additional 10,110 shares in the last quarter. Focus Partners Wealth increased its holdings in Nasdaq by 22.0% in the first quarter. Focus Partners Wealth now owns 14,351 shares of the financial services provider’s stock valued at $1,089,000 after buying an additional 2,584 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Nasdaq by 345.5% in the first quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 463 shares during the period. Finally, Guggenheim Capital LLC raised its position in shares of Nasdaq by 4.4% in the second quarter. Guggenheim Capital LLC now owns 11,386 shares of the financial services provider’s stock worth $1,018,000 after acquiring an additional 481 shares during the period. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Loop Capital set a $113.00 price target on Nasdaq in a report on Friday, April 24th. TD Cowen upgraded Nasdaq from a “hold” rating to a “buy” rating and increased their price target for the stock from $105.00 to $106.00 in a research report on Thursday, February 26th. Barclays raised their price objective on Nasdaq from $115.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Finally, Raymond James Financial restated an “outperform” rating and issued a $109.00 price objective on shares of Nasdaq in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Nasdaq has an average rating of “Moderate Buy” and an average target price of $107.36.

Nasdaq Price Performance

Shares of Nasdaq stock opened at $82.24 on Friday. The stock has a market capitalization of $46.51 billion, a P/E ratio of 24.77, a PEG ratio of 1.64 and a beta of 0.97. The business has a 50 day simple moving average of $88.72 and a two-hundred day simple moving average of $89.95. Nasdaq, Inc. has a 12 month low of $77.09 and a 12 month high of $101.79. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.00 and a quick ratio of 1.00.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. Nasdaq had a return on equity of 17.51% and a net margin of 23.15%.The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the company posted $0.79 earnings per share. The business’s revenue was up 13.7% on a year-over-year basis. As a group, analysts predict that Nasdaq, Inc. will post 3.86 EPS for the current fiscal year.

Nasdaq Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, June 12th. This is an increase from Nasdaq’s previous quarterly dividend of $0.27. Nasdaq’s payout ratio is 37.35%.

Insider Activity at Nasdaq

In other Nasdaq news, major shareholder Ab Investor bought 56,782 shares of the stock in a transaction on Thursday, June 11th. The shares were bought at an average price of $85.98 per share, with a total value of $4,882,116.36. Following the purchase, the insider directly owned 58,439,208 shares in the company, valued at $5,024,603,103.84. This trade represents a 0.10% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Bradley J. Peterson sold 7,710 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $90.82, for a total transaction of $700,222.20. Following the sale, the executive vice president directly owned 141,035 shares of the company’s stock, valued at $12,808,798.70. The trade was a 5.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 138,162 shares of company stock worth $11,932,913 over the last 90 days. Corporate insiders own 0.60% of the company’s stock.

About Nasdaq

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.