MassMutual Private Wealth & Trust FSB Sells 192 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

MassMutual Private Wealth & Trust FSB cut its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 3.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,130 shares of the financial services provider’s stock after selling 192 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Nasdaq were worth $397,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NDAQ. Guinness Asset Management LTD lifted its holdings in Nasdaq by 65.9% in the fourth quarter. Guinness Asset Management LTD now owns 10,859 shares of the financial services provider’s stock worth $840,000 after buying an additional 4,315 shares during the period. UMB Bank n.a. lifted its stake in shares of Nasdaq by 55.5% in the 4th quarter. UMB Bank n.a. now owns 958 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 342 shares during the period. Verity & Verity LLC boosted its position in shares of Nasdaq by 26.2% during the fourth quarter. Verity & Verity LLC now owns 9,687 shares of the financial services provider’s stock valued at $749,000 after purchasing an additional 2,013 shares in the last quarter. Brooklyn Investment Group grew its stake in Nasdaq by 8.5% in the fourth quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 148 shares during the period. Finally, Whitener Capital Management Inc. raised its holdings in Nasdaq by 4.2% in the fourth quarter. Whitener Capital Management Inc. now owns 11,717 shares of the financial services provider’s stock worth $906,000 after purchasing an additional 469 shares in the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Morgan Stanley upped their target price on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods raised their target price on shares of Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Barclays dropped their price target on Nasdaq from $97.00 to $96.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Bank of America reduced their price objective on Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Finally, The Goldman Sachs Group boosted their target price on Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $85.73.

Insider Buying and Selling

In other Nasdaq news, insider Pc Nelson Griggs sold 5,742 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total value of $444,086.28. Following the transaction, the insider now directly owns 205,821 shares of the company’s stock, valued at approximately $15,918,196.14. This trade represents a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Bradley J. Peterson sold 13,642 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 142,830 shares of the company’s stock, valued at $10,757,955.60. The trade was a 8.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,459 shares of company stock valued at $3,811,808 over the last 90 days. Company insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ opened at $80.83 on Thursday. The firm’s 50-day moving average price is $79.31 and its 200-day moving average price is $73.82. Nasdaq, Inc. has a 52-week low of $54.90 and a 52-week high of $83.77. The company has a market cap of $46.46 billion, a PE ratio of 48.40, a PEG ratio of 2.70 and a beta of 0.98. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.05. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The firm’s quarterly revenue was up 21.9% on a year-over-year basis. During the same quarter last year, the company posted $0.71 earnings per share. As a group, analysts anticipate that Nasdaq, Inc. will post 2.81 EPS for the current year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.24 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.19%. Nasdaq’s dividend payout ratio (DPR) is currently 57.49%.

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.