MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 490 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 0.5% during the 4th quarter, Holdings Channel reports. The firm owned 89,136 shares of the financial services provider’s stock after selling 490 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Nasdaq were worth $6,891,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP grew its holdings in Nasdaq by 12.3% during the fourth quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 141 shares during the period. Brooklyn Investment Group lifted its position in shares of Nasdaq by 8.5% in the fourth quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 148 shares in the last quarter. Crestwood Advisors Group LLC lifted its position in shares of Nasdaq by 4.1% in the fourth quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider’s stock worth $295,000 after purchasing an additional 152 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC raised its position in Nasdaq by 1.0% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,303 shares of the financial services provider’s stock worth $1,260,000 after acquiring an additional 157 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its position in Nasdaq by 4.2% during the fourth quarter. Gamco Investors INC. ET AL now owns 4,103 shares of the financial services provider’s stock worth $317,000 after acquiring an additional 164 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Stock Up 0.8%

Shares of NASDAQ NDAQ opened at $81.90 on Friday. The company has a market capitalization of $47.02 billion, a P/E ratio of 42.66, a price-to-earnings-growth ratio of 2.12 and a beta of 1.00. Nasdaq, Inc. has a 52-week low of $58.28 and a 52-week high of $84.15. 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 company’s 50 day moving average price is $75.00 and its 200-day moving average price is $77.94.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.02. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Nasdaq’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.63 EPS. Equities analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.08 annualized dividend and a yield of 1.32%. This is an increase from Nasdaq’s previous quarterly dividend of $0.24. Nasdaq’s dividend payout ratio (DPR) is presently 49.09%.

Wall Street Analysts Forecast Growth

NDAQ has been the topic of several research analyst reports. StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Friday, April 18th. JPMorgan Chase & Co. upped their price target on shares of Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Barclays reduced their price objective on shares of Nasdaq from $86.00 to $84.00 and set an “overweight” rating on the stock in a research note on Friday, April 25th. Piper Sandler increased their price objective on shares of Nasdaq from $80.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 8th. Finally, Morgan Stanley downgraded shares of Nasdaq from an “overweight” rating to an “equal weight” rating and set a $74.00 price target on the stock. in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.50.

Insider Activity at Nasdaq

In related news, EVP Bryan Everard Smith sold 657 shares of the business’s stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $71.81, for a total value of $47,179.17. Following the transaction, the executive vice president now directly owns 61,980 shares of the company’s stock, valued at approximately $4,450,783.80. The trade was a 1.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sarah Youngwood sold 14,959 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the transaction, the executive vice president now directly owns 59,694 shares in the company, valued at $4,398,253.92. This trade represents a 20.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.

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.