World Equity Group Inc. Purchases New Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

World Equity Group Inc. purchased a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 14,218 shares of the financial services provider’s stock, valued at approximately $1,099,000.

Several other hedge funds have also recently bought and sold shares of NDAQ. Creative Planning raised its holdings in Nasdaq by 6.8% in the third quarter. Creative Planning now owns 54,917 shares of the financial services provider’s stock valued at $4,010,000 after buying an additional 3,475 shares during the period. Blue Trust Inc. raised its holdings in Nasdaq by 96.3% in the third quarter. Blue Trust Inc. now owns 2,846 shares of the financial services provider’s stock valued at $208,000 after buying an additional 1,396 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Nasdaq by 12.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 20,301 shares of the financial services provider’s stock valued at $1,482,000 after buying an additional 2,171 shares during the period. Signaturefd LLC raised its stake in shares of Nasdaq by 2.5% during the third quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 162 shares during the period. Finally, Private Advisor Group LLC lifted its position in shares of Nasdaq by 7.9% during the third quarter. Private Advisor Group LLC now owns 10,860 shares of the financial services provider’s stock worth $793,000 after purchasing an additional 795 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Buying and Selling at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,500 shares of the business’s stock in a transaction on 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. The trade was a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.70% of the stock is owned by insiders.

Analyst Ratings Changes

NDAQ has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on shares of Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a “hold” rating to a “buy” rating and boosted their target price for the stock from $80.00 to $98.00 in a research report on Wednesday, January 8th. Argus boosted their target price on shares of Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Barclays reduced their target price on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Finally, TD Cowen reduced their target price on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.88.

Nasdaq Stock Down 1.8 %

NDAQ stock opened at $81.07 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 1-year low of $55.51 and a 1-year high of $84.15. The firm has a fifty day moving average price of $79.63 and a two-hundred day moving average price of $76.49. The firm has a market cap of $46.60 billion, a price-to-earnings ratio of 42.22, a PEG ratio of 2.12 and a beta of 0.99.

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, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Research analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.18%. Nasdaq’s payout ratio is 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.