Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by US Bancorp DE

US Bancorp DE cut its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 0.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 46,338 shares of the financial services provider’s stock after selling 423 shares during the period. US Bancorp DE’s holdings in Nasdaq were worth $3,383,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. First Pacific Financial grew its position in shares of Nasdaq by 1.0% during the third quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock worth $1,011,000 after buying an additional 142 shares in the last quarter. Signaturefd LLC boosted its holdings in Nasdaq by 2.5% in the third quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 162 shares in the last quarter. Smithfield Trust Co boosted its holdings in Nasdaq by 22.0% in the first quarter. Smithfield Trust Co now owns 960 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 173 shares in the last quarter. Evergreen Capital Management LLC boosted its holdings in Nasdaq by 5.4% in the second quarter. Evergreen Capital Management LLC now owns 3,826 shares of the financial services provider’s stock valued at $231,000 after purchasing an additional 197 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in Nasdaq by 0.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 32,647 shares of the financial services provider’s stock valued at $1,967,000 after purchasing an additional 200 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Morgan Stanley upped their price target on Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Keefe, Bruyette & Woods upped their price target on Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Bank of America decreased their price objective on Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. TD Cowen decreased their price objective on Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a report on Monday, October 28th. Finally, Oppenheimer increased their price objective on Nasdaq from $84.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Nasdaq has an average rating of “Moderate Buy” and a consensus price target of $79.27.

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $74.81 on Tuesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.94. The stock has a fifty day moving average price of $73.03 and a 200 day moving average price of $66.21. Nasdaq, Inc. has a 1-year low of $50.05 and a 1-year high of $76.71. The company has a market cap of $43.00 billion, a PE ratio of 44.80, a P/E/G ratio of 2.90 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the company earned $0.71 earnings per share. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. Sell-side analysts forecast that Nasdaq, Inc. will post 2.78 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Friday, December 6th. Nasdaq’s dividend payout ratio (DPR) is currently 57.49%.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Bradley J. Peterson sold 13,642 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $75.32, for a total value of $1,027,515.44. Following the completion of the sale, the executive vice president now owns 142,830 shares of the company’s stock, valued at approximately $10,757,955.60. This trade represents a 0.00 % 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 the SEC website. In other news, insider Pc Nelson Griggs sold 6,000 shares of Nasdaq stock in a transaction on Monday, October 28th. The stock was sold at an average price of $75.71, for a total transaction of $454,260.00. Following the completion of the transaction, the insider now owns 215,563 shares of the company’s stock, valued at $16,320,274.73. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Bradley J. Peterson sold 13,642 shares of Nasdaq stock in a transaction on Monday, October 28th. The stock was 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 position. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

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.