Outlook Wealth Advisors LLC Makes New Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

Outlook Wealth Advisors LLC purchased a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 3,683 shares of the financial services provider’s stock, valued at approximately $214,000.

A number of other large investors have also recently bought and sold shares of the business. Canada Pension Plan Investment Board grew its stake in shares of Nasdaq by 48.7% in the 3rd quarter. Canada Pension Plan Investment Board now owns 428,643 shares of the financial services provider’s stock valued at $20,828,000 after buying an additional 140,286 shares during the period. Schonfeld Strategic Advisors LLC lifted its position in Nasdaq by 10.9% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 446,910 shares of the financial services provider’s stock valued at $21,715,000 after acquiring an additional 43,910 shares in the last quarter. ING Groep NV lifted its position in Nasdaq by 6.9% in the 3rd quarter. ING Groep NV now owns 53,838 shares of the financial services provider’s stock valued at $2,616,000 after acquiring an additional 3,455 shares in the last quarter. Braun Stacey Associates Inc. lifted its position in Nasdaq by 29.5% in the 4th quarter. Braun Stacey Associates Inc. now owns 365,494 shares of the financial services provider’s stock valued at $21,250,000 after acquiring an additional 83,227 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in Nasdaq by 1.8% in the 4th quarter. Nordea Investment Management AB now owns 2,326,799 shares of the financial services provider’s stock valued at $135,396,000 after acquiring an additional 40,215 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Stock Down 2.4 %

Nasdaq stock opened at $61.52 on Monday. Nasdaq, Inc. has a 1-year low of $46.88 and a 1-year high of $64.25. The firm has a market capitalization of $35.39 billion, a price-to-earnings ratio of 29.16, a P/E/G ratio of 2.80 and a beta of 0.93. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.94. The firm has a 50 day simple moving average of $59.08 and a 200 day simple moving average of $55.74.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. Nasdaq had a net margin of 17.48% and a return on equity of 19.28%. The business’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.64 EPS. On average, analysts predict that Nasdaq, Inc. will post 2.75 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend was Wednesday, March 13th. Nasdaq’s dividend payout ratio is currently 41.71%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NDAQ. Barclays initiated coverage on shares of Nasdaq in a research report on Thursday. They issued an “overweight” rating and a $76.00 price target on the stock. Citigroup lifted their target price on shares of Nasdaq from $56.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, January 12th. StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Oppenheimer lifted their price target on shares of Nasdaq from $65.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Finally, Edward Jones initiated coverage on shares of Nasdaq in a report on Wednesday, April 3rd. They issued a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Nasdaq currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.09.

Insider Transactions at Nasdaq

In other news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of Nasdaq stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the completion of the sale, the insider now directly owns 58,341,545 shares of the company’s stock, valued at approximately $3,383,809,610. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Nasdaq news, EVP Bryan Everard Smith sold 7,400 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.91, for a total value of $465,534.00. Following the completion of the sale, the executive vice president now directly owns 61,672 shares of the company’s stock, valued at $3,879,785.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the completion of the sale, the insider now directly owns 58,341,545 shares of the company’s stock, valued at $3,383,809,610. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by insiders.

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.