Venturi Wealth Management LLC Purchases 841 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Venturi Wealth Management LLC boosted its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 1,274.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 907 shares of the financial services provider’s stock after purchasing an additional 841 shares during the quarter. Venturi Wealth Management LLC’s holdings in Nasdaq were worth $70,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Olstein Capital Management L.P. grew its stake in shares of Nasdaq by 35.6% during the fourth quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider’s stock worth $6,185,000 after acquiring an additional 21,000 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Nasdaq by 75.7% during the fourth quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider’s stock worth $4,170,000 after acquiring an additional 23,244 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Nasdaq by 26.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,173 shares of the financial services provider’s stock worth $3,454,000 after acquiring an additional 9,130 shares during the last quarter. USA Financial Formulas purchased a new stake in shares of Nasdaq during the fourth quarter worth about $856,000. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of Nasdaq by 49.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 164,179 shares of the financial services provider’s stock worth $11,987,000 after acquiring an additional 54,594 shares during the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Transactions at Nasdaq

In related news, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the transaction, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Trading Down 1.4 %

Nasdaq stock opened at $79.94 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The firm has a market cap of $45.95 billion, a PE ratio of 41.64, a P/E/G ratio of 2.12 and a beta of 0.99. The stock’s 50 day simple moving average is $79.62 and its two-hundred day simple moving average is $76.64. Nasdaq, Inc. has a 12 month low of $55.51 and a 12 month high of $84.15.

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

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Friday, March 14th. Nasdaq’s payout ratio is 50.00%.

Analysts Set New Price Targets

NDAQ has been the topic of a number of research analyst reports. Oppenheimer boosted their price target on Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. TD Cowen dropped their target price on Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. Keefe, Bruyette & Woods upped their target price on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Barclays dropped their target price on Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Finally, StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Saturday, December 14th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Nasdaq currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.88.

Nasdaq 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.