Brookstone Capital Management Sells 287 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Brookstone Capital Management cut its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,003 shares of the financial services provider’s stock after selling 287 shares during the quarter. Brookstone Capital Management’s holdings in Nasdaq were worth $233,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Naples Global Advisors LLC lifted its position in Nasdaq by 18.6% in the fourth quarter. Naples Global Advisors LLC now owns 8,505 shares of the financial services provider’s stock worth $494,000 after buying an additional 1,335 shares during the last quarter. Whitener Capital Management Inc. lifted its position in Nasdaq by 13.1% in the fourth quarter. Whitener Capital Management Inc. now owns 8,047 shares of the financial services provider’s stock worth $468,000 after buying an additional 932 shares during the last quarter. Marshall Financial Group LLC lifted its position in Nasdaq by 5.6% in the fourth quarter. Marshall Financial Group LLC now owns 15,738 shares of the financial services provider’s stock worth $915,000 after buying an additional 828 shares during the last quarter. Nordea Investment Management AB lifted its position in Nasdaq by 1.8% in the fourth quarter. Nordea Investment Management AB now owns 2,326,799 shares of the financial services provider’s stock worth $135,396,000 after buying an additional 40,215 shares during the last quarter. Finally, Czech National Bank lifted its position in shares of Nasdaq by 0.6% during the fourth quarter. Czech National Bank now owns 59,620 shares of the financial services provider’s stock worth $3,466,000 after purchasing an additional 369 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Nasdaq

In other news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 58,341,545 shares in the company, valued at $3,383,809,610. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.75% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Oppenheimer lifted their target price on Nasdaq from $65.00 to $68.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Wednesday. Citigroup lifted their target price on Nasdaq from $56.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, January 12th. Rosenblatt Securities reiterated a “buy” rating and set a $82.00 target price on shares of Nasdaq in a research report on Thursday, February 1st. Finally, Piper Sandler lifted their target price on Nasdaq from $70.00 to $71.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $63.70.

Nasdaq Price Performance

NDAQ opened at $63.00 on Thursday. The business’s 50-day moving average is $58.02 and its two-hundred day moving average is $54.68. Nasdaq, Inc. has a 1 year low of $46.88 and a 1 year high of $63.08. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $36.27 billion, a PE ratio of 29.86, a price-to-earnings-growth ratio of 2.77 and a beta of 0.92.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. Nasdaq had a return on equity of 19.28% and a net margin of 17.48%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the firm earned $0.64 earnings per share. The firm’s quarterly revenue was up 21.4% compared to the same quarter last year. Research analysts anticipate that Nasdaq, Inc. will post 2.74 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th will be paid a $0.22 dividend. The ex-dividend date is Wednesday, March 13th. This represents a $0.88 annualized dividend and a yield of 1.40%. Nasdaq’s dividend payout ratio (DPR) is presently 41.71%.

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.