Waterfront Wealth Inc. Increases Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Waterfront Wealth Inc. grew its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 2.0% in the 4th quarter, HoldingsChannel reports. The firm owned 18,568 shares of the financial services provider’s stock after acquiring an additional 368 shares during the quarter. Waterfront Wealth Inc.’s holdings in Nasdaq were worth $1,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in NDAQ. Creative Planning increased its holdings in Nasdaq by 6.8% in the 3rd quarter. Creative Planning now owns 54,917 shares of the financial services provider’s stock worth $4,010,000 after acquiring an additional 3,475 shares during the last quarter. Blue Trust Inc. increased its holdings in Nasdaq by 96.3% in the 3rd quarter. Blue Trust Inc. now owns 2,846 shares of the financial services provider’s stock worth $208,000 after acquiring an additional 1,396 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Nasdaq by 12.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 20,301 shares of the financial services provider’s stock worth $1,482,000 after acquiring an additional 2,171 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in Nasdaq by 3.4% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 50,862 shares of the financial services provider’s stock worth $3,713,000 after acquiring an additional 1,656 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in Nasdaq by 2.5% in the 3rd quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider’s stock worth $481,000 after purchasing an additional 162 shares during the period. 72.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on NDAQ. Royal Bank of Canada restated an “outperform” rating and issued a $95.00 target price on shares of Nasdaq in a research note on Thursday, January 30th. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Saturday, December 14th. Oppenheimer lifted their price target on Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. Raymond James lifted their price target on Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Finally, JPMorgan Chase & Co. lifted their price target on Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Nasdaq currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.88.

Insider Activity

In related news, EVP Bryan Everard Smith sold 3,500 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the sale, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.70% of the company’s stock.

Nasdaq Price Performance

Shares of Nasdaq stock opened at $82.54 on Friday. 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 one year low of $55.11 and a one year high of $84.15. The stock has a market capitalization of $47.44 billion, a P/E ratio of 42.99, a price-to-earnings-growth ratio of 2.12 and a beta of 0.99. The business’s 50 day simple moving average is $79.61 and its two-hundred day simple moving average is $76.30.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating 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%. Analysts forecast that Nasdaq, Inc. will post 3.17 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.16%. Nasdaq’s dividend payout ratio (DPR) is presently 50.00%.

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.