Equitable Trust Co. Buys New Shares in Nasdaq, Inc. (NASDAQ:NDAQ)

Equitable Trust Co. bought a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,824 shares of the financial services provider’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Hollencrest Capital Management increased its position in shares of Nasdaq by 21.6% during the 3rd quarter. Hollencrest Capital Management now owns 1,126 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 200 shares during the last quarter. AIA Group Ltd grew its stake in shares of Nasdaq by 8.8% in the third quarter. AIA Group Ltd now owns 33,400 shares of the financial services provider’s stock valued at $2,439,000 after buying an additional 2,700 shares in the last quarter. Olstein Capital Management L.P. acquired a new position in Nasdaq during the third quarter worth $4,308,000. Washington Trust Bank acquired a new position in Nasdaq during the third quarter worth $225,000. Finally, Graypoint LLC raised its position in Nasdaq by 3.2% during the third quarter. Graypoint LLC now owns 10,068 shares of the financial services provider’s stock worth $735,000 after acquiring an additional 313 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Insider Transactions at Nasdaq

In related news, EVP Bradley J. Peterson sold 13,642 shares of Nasdaq stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 142,830 shares of the company’s stock, valued at $10,757,955.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Nasdaq news, EVP Jeremy Skule sold 12,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $77.92, for a total transaction of $935,040.00. Following the sale, the executive vice president now owns 114,580 shares of the company’s stock, valued at approximately $8,928,073.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Bradley J. Peterson sold 13,642 shares of the stock in a transaction on 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 $10,757,955.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,384 shares of company stock valued at $2,860,902. Company insiders own 0.70% of the company’s stock.

Nasdaq Trading Up 0.7 %

Shares of NASDAQ:NDAQ opened at $78.69 on Monday. The business’s 50 day simple moving average is $73.62 and its 200 day simple moving average is $66.78. Nasdaq, Inc. has a 1 year low of $51.30 and a 1 year high of $79.73. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $45.23 billion, a P/E ratio of 47.12, a P/E/G ratio of 3.08 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last released 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. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The company’s revenue was up 21.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.71 EPS. On average, research analysts anticipate that Nasdaq, Inc. will post 2.78 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Friday, December 6th. Nasdaq’s payout ratio is presently 57.49%.

Analyst Upgrades and Downgrades

NDAQ has been the topic of several recent analyst reports. UBS Group boosted their price objective on shares of Nasdaq from $73.00 to $79.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Oppenheimer upped their price objective on Nasdaq from $84.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Morgan Stanley lifted their target price on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. The Goldman Sachs Group increased their price target on Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Nasdaq from $66.00 to $72.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.33.

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.