Crestwood Advisors Group LLC Acquires 152 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Crestwood Advisors Group LLC lifted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 4.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,822 shares of the financial services provider’s stock after purchasing an additional 152 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Nasdaq were worth $295,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Founders Capital Management acquired a new stake in Nasdaq during the 4th quarter worth approximately $27,000. Catalyst Capital Advisors LLC acquired a new stake in Nasdaq during the 3rd quarter worth approximately $27,000. Kestra Investment Management LLC acquired a new stake in Nasdaq during the 4th quarter worth approximately $33,000. Raleigh Capital Management Inc. lifted its holdings in Nasdaq by 106.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 225 shares during the last quarter. Finally, Focused Wealth Management Inc acquired a new stake in Nasdaq during the 3rd quarter worth approximately $35,000. 72.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NDAQ. Keefe, Bruyette & Woods lifted their price target on Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Royal Bank of Canada reissued an “outperform” rating and set a $95.00 price target on shares of Nasdaq in a report on Thursday, January 30th. JPMorgan Chase & Co. lifted their price objective on Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a report on Saturday, December 14th. Finally, Deutsche Bank Aktiengesellschaft raised Nasdaq from a “hold” rating to a “buy” rating and lifted their price objective for the company from $80.00 to $98.00 in a report on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $86.88.

Insider Buying and Selling

In related news, EVP Bryan Everard Smith sold 3,500 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the sale, the executive vice president now owns 55,576 shares in the company, valued at $4,532,778.56. The trade was a 5.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

Nasdaq Trading Down 0.5 %

Shares of NDAQ opened at $79.55 on Wednesday. Nasdaq, Inc. has a 52-week low of $55.51 and a 52-week high of $84.15. The business’s fifty day moving average is $79.62 and its 200-day moving average is $76.72. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The firm has a market cap of $45.72 billion, a price-to-earnings ratio of 41.43, a PEG ratio of 2.12 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly 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%. Equities analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given 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 yield of 1.21%. Nasdaq’s dividend payout ratio is currently 50.00%.

About Nasdaq

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.