Greenwich Wealth Management LLC Sells 323 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Greenwich Wealth Management LLC reduced its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 1.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 29,900 shares of the financial services provider’s stock after selling 323 shares during the quarter. Greenwich Wealth Management LLC’s holdings in Nasdaq were worth $2,312,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Rakuten Securities Inc. acquired a new position in Nasdaq in the fourth quarter valued at approximately $26,000. Founders Capital Management acquired a new position in Nasdaq in the fourth quarter valued at approximately $27,000. Kestra Investment Management LLC acquired a new position in Nasdaq in the fourth quarter valued at approximately $33,000. Raleigh Capital Management Inc. lifted its holdings in Nasdaq by 106.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock valued at $34,000 after buying an additional 225 shares during the period. Finally, Peterson Financial Group Inc. acquired a new stake in Nasdaq in the third quarter worth $42,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 55,576 shares of the company’s stock, valued at $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is owned by company insiders.

Nasdaq Price Performance

NASDAQ:NDAQ opened at $73.26 on Friday. 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 stock’s 50-day simple moving average is $79.30 and its 200 day simple moving average is $77.29. The company has a market cap of $42.14 billion, a P/E ratio of 38.16, a P/E/G ratio of 2.12 and a beta of 0.96. Nasdaq, Inc. has a 52-week low of $57.96 and a 52-week high of $84.15.

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

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq’s dividend payout ratio is currently 50.00%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NDAQ. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and increased their target price for the stock from $80.00 to $98.00 in a report on Wednesday, January 8th. StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Saturday, December 14th. Barclays cut their target price 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. Oppenheimer increased their target price on shares of Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a report on Monday, January 13th. Finally, William Blair initiated coverage on shares of Nasdaq in a report on Monday, November 25th. They issued an “outperform” rating on the stock. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $86.88.

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.