American National Bank & Trust Grows Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

American National Bank & Trust lifted its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 14.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,224 shares of the financial services provider’s stock after buying an additional 809 shares during the quarter. American National Bank & Trust’s holdings in Nasdaq were worth $454,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Smithfield Trust Co lifted its position in shares of Nasdaq by 22.0% during the first quarter. Smithfield Trust Co now owns 960 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 173 shares in the last quarter. Greenleaf Trust increased its stake in Nasdaq by 1.6% during the 1st quarter. Greenleaf Trust now owns 11,330 shares of the financial services provider’s stock worth $715,000 after buying an additional 183 shares during the period. Evergreen Capital Management LLC lifted its holdings in Nasdaq by 5.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,826 shares of the financial services provider’s stock worth $231,000 after buying an additional 197 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in Nasdaq by 0.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 32,647 shares of the financial services provider’s stock valued at $1,967,000 after buying an additional 200 shares during the period. Finally, Salem Investment Counselors Inc. grew its stake in shares of Nasdaq by 89.3% in the first quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 201 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Stock Down 0.1 %

NDAQ opened at $72.99 on Thursday. The firm has a market cap of $41.98 billion, a P/E ratio of 38.42, a PEG ratio of 3.04 and a beta of 0.95. Nasdaq, Inc. has a 52 week low of $46.88 and a 52 week high of $74.88. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.85. The business’s fifty day simple moving average is $70.71 and its 200 day simple moving average is $64.36.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The firm’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period last year, the company earned $0.71 EPS. As a group, equities research analysts anticipate that Nasdaq, Inc. will post 2.75 EPS for the current fiscal year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Friday, September 13th. Nasdaq’s dividend payout ratio (DPR) is presently 50.53%.

Insider Buying and Selling

In other news, major shareholder Seller Lp Argus sold 42,804,207 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the completion of the transaction, the insider now directly owns 42,804,207 shares in the company, valued at approximately $2,764,295,688.06. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

NDAQ has been the topic of several analyst reports. Keefe, Bruyette & Woods increased their price objective on Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Barclays boosted their price objective on Nasdaq from $74.00 to $77.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Oppenheimer boosted their price target on shares of Nasdaq from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Monday, September 9th. Royal Bank of Canada started coverage on shares of Nasdaq in a research note on Friday, September 27th. They set an “outperform” rating and a $88.00 target price for the company. Finally, Bank of America raised Nasdaq from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $53.00 to $90.00 in a report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Nasdaq presently has an average rating of “Moderate Buy” and an average target price of $73.87.

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.