1832 Asset Management L.P. Purchases 5,801 Shares of Nasdaq Inc (NASDAQ:NDAQ)

1832 Asset Management L.P. increased its position in shares of Nasdaq Inc (NASDAQ:NDAQ) by 228.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,342 shares of the financial services provider’s stock after purchasing an additional 5,801 shares during the quarter. 1832 Asset Management L.P.’s holdings in Nasdaq were worth $584,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FDx Advisors Inc. boosted its stake in Nasdaq by 2.2% during the 4th quarter. FDx Advisors Inc. now owns 5,546 shares of the financial services provider’s stock worth $452,000 after acquiring an additional 118 shares during the last quarter. Penobscot Investment Management Company Inc. lifted its stake in Nasdaq by 1.2% in the fourth quarter. Penobscot Investment Management Company Inc. now owns 10,250 shares of the financial services provider’s stock valued at $836,000 after buying an additional 120 shares in the last quarter. Argent Trust Co lifted its stake in Nasdaq by 4.0% in the fourth quarter. Argent Trust Co now owns 3,340 shares of the financial services provider’s stock valued at $273,000 after buying an additional 129 shares in the last quarter. Comerica Bank raised its holdings in shares of Nasdaq by 0.4% in the fourth quarter. Comerica Bank now owns 39,909 shares of the financial services provider’s stock valued at $3,425,000 after purchasing an additional 162 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Nasdaq by 5.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 3,700 shares of the financial services provider’s stock valued at $302,000 after purchasing an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 76.14% of the company’s stock.

NDAQ has been the topic of a number of recent research reports. BidaskClub upgraded shares of Nasdaq from a “buy” rating to a “strong-buy” rating in a report on Friday, January 25th. Zacks Investment Research cut shares of Nasdaq from a “buy” rating to a “hold” rating in a research report on Thursday, January 3rd. Finally, Argus started coverage on shares of Nasdaq in a research report on Wednesday, February 6th. They set a “buy” rating and a $97.00 price objective for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $96.43.

In related news, EVP Pc Nelson Griggs sold 1,339 shares of the stock in a transaction on Monday, February 25th. The stock was sold at an average price of $90.24, for a total value of $120,831.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Thomas A. Wittman sold 13,561 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $88.04, for a total value of $1,193,910.44. The disclosure for this sale can be found here. Insiders have sold a total of 21,059 shares of company stock worth $1,841,213 over the last 90 days. Company insiders own 0.50% of the company’s stock.

NASDAQ:NDAQ traded up $0.67 on Monday, reaching $88.47. 368,163 shares of the stock traded hands, compared to its average volume of 835,583. The company has a market capitalization of $14.63 billion, a PE ratio of 18.23, a P/E/G ratio of 2.18 and a beta of 0.63. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 0.97. Nasdaq Inc has a 1-year low of $75.49 and a 1-year high of $96.84.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, January 30th. The financial services provider reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.02. The business had revenue of $645.00 million during the quarter, compared to the consensus estimate of $642.95 million. Nasdaq had a net margin of 10.71% and a return on equity of 14.53%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.05 EPS. Research analysts predict that Nasdaq Inc will post 4.98 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend was Thursday, March 14th. Nasdaq’s payout ratio is 36.36%.

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Nasdaq Company Profile

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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