Mariner LLC Has $279.35 Million Stake in Nasdaq, Inc. $NDAQ

Mariner LLC grew its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,875,927 shares of the financial services provider’s stock after purchasing an additional 71,249 shares during the period. Mariner LLC’s holdings in Nasdaq were worth $279,345,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in NDAQ. SOA Wealth Advisors LLC. bought a new stake in shares of Nasdaq in the 4th quarter valued at approximately $34,000. Nemes Rush Group LLC bought a new stake in shares of Nasdaq in the 4th quarter valued at approximately $35,000. Fideuram Asset Management Ireland dac bought a new stake in shares of Nasdaq in the 4th quarter valued at approximately $37,000. Elyxium Wealth LLC bought a new stake in shares of Nasdaq in the 4th quarter valued at approximately $44,000. Finally, Community Bank N.A. bought a new stake in shares of Nasdaq in the 3rd quarter valued at approximately $45,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Price Performance

NDAQ opened at $88.98 on Monday. Nasdaq, Inc. has a 1-year low of $77.09 and a 1-year high of $101.79. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $50.32 billion, a price-to-earnings ratio of 26.80, a P/E/G ratio of 1.78 and a beta of 0.97. The business has a 50 day moving average of $88.88 and a 200-day moving average of $90.11.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. Nasdaq had a return on equity of 17.51% and a net margin of 23.15%.The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the prior year, the business earned $0.79 earnings per share. Nasdaq’s revenue for the quarter was up 13.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Nasdaq, Inc. will post 3.86 earnings per share for the current year.

Nasdaq Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be given a $0.31 dividend. This is a positive change from Nasdaq’s previous quarterly dividend of $0.27. This represents a $1.24 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, June 12th. Nasdaq’s dividend payout ratio (DPR) is currently 37.35%.

Wall Street Analyst Weigh In

Several brokerages recently commented on NDAQ. Barclays boosted their price target on Nasdaq from $115.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Keefe, Bruyette & Woods boosted their price target on Nasdaq from $92.00 to $97.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. Loop Capital set a $113.00 price target on Nasdaq in a research note on Friday, April 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Nasdaq in a research note on Wednesday, April 22nd. Finally, TD Cowen raised Nasdaq from a “hold” rating to a “buy” rating and boosted their price target for the company from $105.00 to $106.00 in a research note on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $107.36.

Insiders Place Their Bets

In other news, EVP Bradley J. Peterson sold 7,710 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $90.82, for a total value of $700,222.20. Following the completion of the sale, the executive vice president directly owned 141,035 shares of the company’s stock, valued at approximately $12,808,798.70. This represents a 5.18% 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 this hyperlink. Also, CEO Adena T. Friedman sold 113,611 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $85.44, for a total value of $9,706,923.84. Following the completion of the sale, the chief executive officer directly owned 1,965,751 shares of the company’s stock, valued at $167,953,765.44. This represents a 5.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 138,162 shares of company stock valued at $11,932,913 over the last ninety days. 0.60% of the stock is owned by insiders.

Nasdaq Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.