Whittier Trust Co. of Nevada Inc. Has $49,000 Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Posted by on Apr 8th, 2023

Whittier Trust Co. of Nevada Inc. boosted its holdings in Nasdaq, Inc. (NASDAQ:NDAQ – Get Rating) by 130.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 795 shares of the financial services provider’s stock after buying an additional 450 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Nasdaq were worth $49,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. CI Investments Inc. increased its position in shares of Nasdaq by 3,142.9% during the third quarter. CI Investments Inc. now owns 454 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 440 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Nasdaq during the fourth quarter valued at approximately $26,000. Cambridge Trust Co. increased its position in shares of Nasdaq by 83.9% during the third quarter. Cambridge Trust Co. now owns 480 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 219 shares during the period. Allworth Financial LP increased its position in shares of Nasdaq by 838.5% during the third quarter. Allworth Financial LP now owns 488 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 436 shares during the period. Finally, Bellevue Asset Management LLC increased its position in shares of Nasdaq by 200.0% during the third quarter. Bellevue Asset Management LLC now owns 504 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 336 shares during the period. 73.01% of the stock is owned by institutional investors.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 2,100 shares of the stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of $61.75, for a total value of $129,675.00. Following the transaction, the executive vice president now owns 72,567 shares of the company’s stock, valued at $4,481,012.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Nasdaq news, EVP Bryan Everard Smith sold 6,000 shares of the stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $57.06, for a total value of $342,360.00. Following the completion of the sale, the executive vice president now directly owns 56,083 shares in the company, valued at $3,200,095.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jeremy Skule sold 2,100 shares of the stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of $61.75, for a total value of $129,675.00. Following the completion of the sale, the executive vice president now owns 72,567 shares of the company’s stock, valued at $4,481,012.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,198 shares of company stock valued at $712,669. 0.68% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Oppenheimer lowered their price target on Nasdaq from $71.00 to $66.00 and set an “outperform” rating on the stock in a research report on Thursday, January 26th. Credit Suisse Group reduced their price objective on Nasdaq from $59.00 to $57.00 and set a “neutral” rating on the stock in a research note on Monday, January 30th. Morgan Stanley boosted their price objective on Nasdaq from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Friday, January 20th. StockNews.com assumed coverage on Nasdaq in a research note on Thursday, March 16th. They issued a “hold” rating on the stock. Finally, Piper Sandler reduced their price objective on Nasdaq from $73.33 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, January 26th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Nasdaq has an average rating of “Hold” and an average price target of $64.74.

Nasdaq Trading Up 0.6 %

Shares of NDAQ opened at $54.90 on Friday. Nasdaq, Inc. has a 12-month low of $46.77 and a 12-month high of $69.22. The stock’s fifty day simple moving average is $56.05 and its 200-day simple moving average is $59.79. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $26.85 billion, a PE ratio of 24.40, a price-to-earnings-growth ratio of 4.56 and a beta of 0.97.

Nasdaq (NASDAQ:NDAQ – Get Rating) last released its earnings results on Wednesday, January 25th. The financial services provider reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.01). Nasdaq had a net margin of 18.08% and a return on equity of 22.12%. The company had revenue of $906.00 million during the quarter, compared to analyst estimates of $908.94 million. During the same period in the previous year, the company posted $0.64 EPS. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, research analysts predict that Nasdaq, Inc. will post 2.7 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Friday, March 17th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Thursday, March 16th. Nasdaq’s payout ratio is 35.56%.

Nasdaq Profile

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Nasdaq, Inc is a holding company, which engages in trading, clearing, exchange technology, regulatory, securities listing, information, and public and private company services. It operates through the following segments: Market Technology, Investment Intelligence, Corporate Platforms, and Market Services.

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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