Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Ledyard National Bank


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Ledyard National Bank cut its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 4.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 2,267 shares of the financial services provider’s stock after selling 100 shares during the period. Ledyard National Bank’s holdings in Nasdaq were worth $334,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the company. Illinois Municipal Retirement Fund grew its position in shares of Nasdaq by 17.8% during the first quarter. Illinois Municipal Retirement Fund now owns 35,540 shares of the financial services provider’s stock worth $5,241,000 after buying an additional 5,360 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in shares of Nasdaq by 8.3% during the first quarter. Stratos Wealth Partners LTD. now owns 11,066 shares of the financial services provider’s stock worth $1,632,000 after buying an additional 852 shares in the last quarter. AE Wealth Management LLC lifted its stake in Nasdaq by 12.5% during the first quarter. AE Wealth Management LLC now owns 9,536 shares of the financial services provider’s stock worth $1,406,000 after purchasing an additional 1,063 shares during the last quarter. Wedbush Securities Inc. lifted its stake in Nasdaq by 41.1% during the first quarter. Wedbush Securities Inc. now owns 4,817 shares of the financial services provider’s stock worth $710,000 after purchasing an additional 1,402 shares during the last quarter. Finally, KBC Group NV lifted its stake in Nasdaq by 62.0% during the first quarter. KBC Group NV now owns 131,309 shares of the financial services provider’s stock worth $19,363,000 after purchasing an additional 50,256 shares during the last quarter. 74.23% of the stock is owned by institutional investors and hedge funds.

NDAQ stock opened at $162.49 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.16 and a current ratio of 1.16. Nasdaq, Inc. has a 1 year low of $104.38 and a 1 year high of $163.62. The firm has a market cap of $26.78 billion, a P/E ratio of 29.76, a price-to-earnings-growth ratio of 2.59 and a beta of 0.77. The stock has a 50-day simple moving average of $153.86 and a 200-day simple moving average of $138.88.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Tuesday, April 20th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.22. Nasdaq had a return on equity of 17.15% and a net margin of 17.41%. The business had revenue of $851.00 million during the quarter, compared to analyst estimates of $782.23 million. During the same quarter last year, the firm earned $1.50 earnings per share. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. On average, equities research analysts predict that Nasdaq, Inc. will post 6.06 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 25th. Shareholders of record on Friday, June 11th will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Thursday, June 10th. This represents a $2.16 annualized dividend and a yield of 1.33%. This is an increase from Nasdaq’s previous quarterly dividend of $0.49. Nasdaq’s payout ratio is presently 39.20%.

Several equities research analysts recently weighed in on the company. Wells Fargo & Company boosted their target price on Nasdaq from $173.00 to $186.00 and gave the stock an “overweight” rating in a research note on Thursday, April 22nd. Citigroup increased their price objective on Nasdaq from $147.00 to $164.00 in a research note on Tuesday, April 20th. Deutsche Bank Aktiengesellschaft increased their price objective on Nasdaq from $160.00 to $164.00 and gave the company a “buy” rating in a research note on Monday, April 19th. Rosenblatt Securities increased their price objective on Nasdaq from $150.00 to $161.00 and gave the company a “neutral” rating in a research note on Monday, April 26th. Finally, Oppenheimer increased their price objective on Nasdaq from $170.00 to $182.00 and gave the company an “outperform” rating in a research note on Wednesday, April 28th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $156.43.

In related news, EVP Bradley J. Peterson sold 15,000 shares of Nasdaq stock in a transaction on Wednesday, February 24th. The stock was sold at an average price of $139.57, for a total value of $2,093,550.00. Following the transaction, the executive vice president now directly owns 51,408 shares in the company, valued at approximately $7,175,014.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Pc Nelson Griggs sold 2,000 shares of Nasdaq stock in a transaction on Thursday, April 22nd. The stock was sold at an average price of $161.53, for a total value of $323,060.00. The disclosure for this sale can be found here. Insiders sold a total of 33,022 shares of company stock worth $4,696,498 in the last three months. Company insiders own 0.60% of the company’s stock.

About Nasdaq

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates through four segments: Market Services, Corporate Platforms, Investment Intelligence, and Market Technology. The Market Services segment includes equity derivative trading and clearing, cash equity trading, fixed income and commodities trading and clearing, and trade management service businesses.

Further Reading: How is diluted EPS different from basic EPS?

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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