Crestwood Advisors Group LLC Has $268,000 Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Crestwood Advisors Group LLC boosted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 4.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 3,670 shares of the financial services provider’s stock after acquiring an additional 149 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Nasdaq were worth $268,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Nasdaq by 7.0% during the 1st quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider’s stock worth $3,043,936,000 after acquiring an additional 3,173,981 shares during the period. Farallon Capital Management LLC lifted its holdings in Nasdaq by 28.4% during the 1st quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider’s stock valued at $532,357,000 after purchasing an additional 1,866,219 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its position in Nasdaq by 2.0% during the second quarter. Diamond Hill Capital Management Inc. now owns 4,767,175 shares of the financial services provider’s stock worth $287,270,000 after purchasing an additional 94,122 shares during the period. Bessemer Group Inc. increased its holdings in shares of Nasdaq by 26.5% in the first quarter. Bessemer Group Inc. now owns 2,878,115 shares of the financial services provider’s stock valued at $181,609,000 after purchasing an additional 602,040 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Nasdaq by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 2,443,939 shares of the financial services provider’s stock valued at $147,272,000 after purchasing an additional 82,606 shares during the period. Institutional investors own 72.47% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Bradley J. Peterson sold 13,642 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.32, for a total value of $1,027,515.44. Following the completion of the transaction, the executive vice president now owns 142,830 shares of the company’s stock, valued at approximately $10,757,955.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Bradley J. Peterson sold 13,642 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the completion of the transaction, the executive vice president now directly owns 142,830 shares in the company, valued at approximately $10,757,955.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Pc Nelson Griggs sold 6,000 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $75.71, for a total value of $454,260.00. Following the completion of the transaction, the insider now owns 215,563 shares of the company’s stock, valued at $16,320,274.73. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

NASDAQ NDAQ opened at $77.59 on Thursday. The firm’s 50 day simple moving average is $73.22 and its 200 day simple moving average is $66.43. The firm has a market capitalization of $44.60 billion, a price-to-earnings ratio of 46.46, a P/E/G ratio of 2.93 and a beta of 0.95. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84. Nasdaq, Inc. has a 1 year low of $50.60 and a 1 year high of $79.27.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the business posted $0.71 EPS. The company’s revenue was up 21.9% compared to the same quarter last year. As a group, research analysts expect that Nasdaq, Inc. will post 2.78 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Friday, December 6th. Nasdaq’s dividend payout ratio is presently 57.49%.

Analyst Upgrades and Downgrades

Several analysts recently commented on NDAQ shares. Morgan Stanley lifted their target price on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Oppenheimer boosted their price objective on Nasdaq from $84.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Royal Bank of Canada reiterated an “outperform” rating and set a $88.00 target price on shares of Nasdaq in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft boosted their price target on Nasdaq from $66.00 to $72.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Finally, Piper Sandler increased their price objective on Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $80.33.

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.