533 Shares in Nasdaq, Inc. (NASDAQ:NDAQ) Acquired by TCTC Holdings LLC

TCTC Holdings LLC acquired a new position in Nasdaq, Inc. (NASDAQ:NDAQ) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 533 shares of the financial services provider’s stock, valued at approximately $41,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. acquired a new stake in shares of Nasdaq during the 4th quarter valued at $26,000. Founders Capital Management purchased a new position in shares of Nasdaq during the 4th quarter valued at $27,000. Kestra Investment Management LLC purchased a new position in shares of Nasdaq during the 4th quarter valued at $33,000. Raleigh Capital Management Inc. grew its holdings in shares of Nasdaq by 106.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 225 shares in the last quarter. Finally, Y.D. More Investments Ltd grew its holdings in shares of Nasdaq by 94.2% during the 4th quarter. Y.D. More Investments Ltd now owns 606 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 294 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on NDAQ. Barclays lowered their price target on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Royal Bank of Canada restated an “outperform” rating and set a $95.00 price target on shares of Nasdaq in a report on Thursday, January 30th. Oppenheimer boosted their price target on shares of Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and upped their price objective for the stock from $80.00 to $98.00 in a report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Nasdaq currently has an average rating of “Moderate Buy” and an average price target of $86.88.

Nasdaq Stock Up 1.8 %

Nasdaq stock opened at $74.55 on Tuesday. The firm has a market cap of $42.88 billion, a price-to-earnings ratio of 38.83, a P/E/G ratio of 2.12 and a beta of 0.96. 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 fifty-two week low of $58.10 and a fifty-two week high of $84.15. The firm has a fifty day moving average price of $79.25 and a two-hundred day moving average price of $77.36.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. As a group, analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Friday, March 14th. Nasdaq’s dividend payout ratio is currently 50.00%.

Insider Activity

In other news, EVP Bryan Everard Smith sold 3,500 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the transaction, the executive vice president now owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is owned by company 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.