First National Trust Co Reduces Position in Nasdaq, Inc. (NASDAQ:NDAQ)

First National Trust Co cut its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,609 shares of the financial services provider’s stock after selling 150 shares during the period. First National Trust Co’s holdings in Nasdaq were worth $356,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NDAQ. KBC Group NV boosted its position in shares of Nasdaq by 4.0% during the third quarter. KBC Group NV now owns 110,804 shares of the financial services provider’s stock valued at $8,090,000 after buying an additional 4,296 shares during the period. Metis Global Partners LLC boosted its position in shares of Nasdaq by 7.9% during the third quarter. Metis Global Partners LLC now owns 27,553 shares of the financial services provider’s stock valued at $2,012,000 after buying an additional 2,011 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Nasdaq by 13.3% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 12,741 shares of the financial services provider’s stock valued at $930,000 after buying an additional 1,491 shares during the period. CIBC Asset Management Inc boosted its position in shares of Nasdaq by 14.3% during the third quarter. CIBC Asset Management Inc now owns 64,872 shares of the financial services provider’s stock valued at $4,736,000 after buying an additional 8,114 shares during the period. Finally, Empirical Finance LLC boosted its position in shares of Nasdaq by 3.9% during the third quarter. Empirical Finance LLC now owns 12,295 shares of the financial services provider’s stock valued at $898,000 after buying an additional 459 shares during the period. 72.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the sale, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $73.26 on Friday. The business’s fifty day simple moving average is $79.30 and its 200-day simple moving average is $77.29. The company has a market cap of $42.14 billion, a PE ratio of 38.16, a PEG ratio of 2.12 and a beta of 0.96. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. Nasdaq, Inc. has a 12-month low of $57.96 and a 12-month high of $84.15.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders 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 dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq’s dividend payout ratio (DPR) is presently 50.00%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NDAQ. Citigroup boosted their price target on Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Keefe, Bruyette & Woods boosted their price target on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, December 20th. UBS Group boosted their price target on Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Oppenheimer boosted 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. Finally, JPMorgan Chase & Co. boosted their price target on Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Nasdaq has an average rating of “Moderate Buy” and a consensus target price of $86.88.

Nasdaq 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.