KBC Group NV Sells 4,703 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

KBC Group NV lowered its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,101 shares of the financial services provider’s stock after selling 4,703 shares during the period. KBC Group NV’s holdings in Nasdaq were worth $8,203,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Union Bancaire Privee UBP SA purchased a new stake in shares of Nasdaq during the fourth quarter worth $110,867,000. Blue Trust Inc. lifted its holdings in Nasdaq by 27.2% during the 4th quarter. Blue Trust Inc. now owns 3,619 shares of the financial services provider’s stock worth $264,000 after purchasing an additional 773 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new position in Nasdaq in the 4th quarter worth about $234,000. PFG Investments LLC grew its holdings in Nasdaq by 6.2% during the 4th quarter. PFG Investments LLC now owns 3,852 shares of the financial services provider’s stock valued at $298,000 after buying an additional 226 shares in the last quarter. Finally, Strategic Investment Advisors MI bought a new stake in shares of Nasdaq during the fourth quarter valued at about $284,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NDAQ. The Goldman Sachs Group raised their price objective on shares of Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and boosted their price target for the company from $80.00 to $98.00 in a research report on Wednesday, January 8th. Piper Sandler lifted their price objective on Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Bank of America reduced their target price 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, Oppenheimer raised their price target on Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a report on Monday, January 13th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $85.73.

Nasdaq Stock Performance

NASDAQ NDAQ opened at $81.73 on Thursday. The firm has a market cap of $46.98 billion, a price-to-earnings ratio of 48.94, a PEG ratio of 2.77 and a beta of 0.98. The company has a 50-day simple moving average of $79.50 and a two-hundred day simple moving average of $74.51. 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, Inc. has a 12-month low of $54.90 and a 12-month high of $83.77.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. On average, equities analysts forecast that Nasdaq, Inc. will post 2.81 EPS for the current year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.17%. Nasdaq’s dividend payout ratio is currently 57.49%.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 12,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $77.92, for a total value of $935,040.00. Following the completion of the sale, the executive vice president now owns 114,580 shares in the company, valued at approximately $8,928,073.60. This trade represents a 9.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Pc Nelson Griggs sold 5,742 shares of Nasdaq stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total value of $444,086.28. Following the completion of the sale, the insider now owns 205,821 shares in the company, valued at approximately $15,918,196.14. This represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,817 shares of company stock valued at $2,330,033 in the last quarter. Company insiders own 0.70% of the company’s stock.

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.