Vontobel Holding Ltd. Sells 3,040 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Vontobel Holding Ltd. lowered its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 8.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 34,999 shares of the financial services provider’s stock after selling 3,040 shares during the quarter. Vontobel Holding Ltd.’s holdings in Nasdaq were worth $2,035,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of NDAQ. RB Capital Management LLC raised its position in shares of Nasdaq by 15.9% in the first quarter. RB Capital Management LLC now owns 3,264 shares of the financial services provider’s stock valued at $582,000 after purchasing an additional 448 shares during the period. American Century Companies Inc. raised its position in shares of Nasdaq by 10.2% in the first quarter. American Century Companies Inc. now owns 2,209 shares of the financial services provider’s stock valued at $394,000 after purchasing an additional 205 shares during the period. Raymond James Trust N.A. raised its position in shares of Nasdaq by 14.1% in the first quarter. Raymond James Trust N.A. now owns 3,932 shares of the financial services provider’s stock valued at $701,000 after purchasing an additional 487 shares during the period. Sei Investments Co. raised its position in shares of Nasdaq by 8.4% in the first quarter. Sei Investments Co. now owns 136,395 shares of the financial services provider’s stock valued at $24,319,000 after purchasing an additional 10,623 shares during the period. Finally, Allianz Asset Management GmbH raised its position in shares of Nasdaq by 32.0% in the first quarter. Allianz Asset Management GmbH now owns 316,344 shares of the financial services provider’s stock valued at $56,373,000 after purchasing an additional 76,603 shares during the period. Institutional investors own 72.47% of the company’s stock.

Analyst Ratings Changes

NDAQ has been the topic of a number of analyst reports. The Goldman Sachs Group raised shares of Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 target price on the stock in a report on Tuesday, March 26th. Barclays initiated coverage on shares of Nasdaq in a report on Thursday, April 11th. They set an “overweight” rating and a $76.00 target price on the stock. Edward Jones initiated coverage on shares of Nasdaq in a report on Wednesday, April 3rd. They set a “buy” rating on the stock. Citigroup upped their target price on shares of Nasdaq from $56.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, January 12th. Finally, Oppenheimer upped their target price on shares of Nasdaq from $65.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $67.09.

Nasdaq Price Performance

Shares of Nasdaq stock opened at $60.07 on Friday. Nasdaq, Inc. has a 52-week low of $46.88 and a 52-week high of $64.25. The stock has a market capitalization of $34.55 billion, a price-to-earnings ratio of 28.47, a price-to-earnings-growth ratio of 2.73 and a beta of 0.93. The company has a fifty day moving average of $59.37 and a 200-day moving average of $55.96. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.01 and a current ratio of 1.01.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. Nasdaq had a net margin of 17.48% and a return on equity of 19.28%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the company earned $0.64 EPS. The firm’s revenue was up 21.4% on a year-over-year basis. Equities research analysts expect that Nasdaq, Inc. will post 2.75 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.22 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.46%. Nasdaq’s dividend payout ratio (DPR) is 41.71%.

Insider Activity

In other news, EVP Bryan Everard Smith sold 7,400 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.91, for a total value of $465,534.00. Following the completion of the sale, the executive vice president now owns 61,672 shares of the company’s stock, valued at approximately $3,879,785.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the completion of the sale, the insider now owns 58,341,545 shares of the company’s stock, valued at approximately $3,383,809,610. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Bryan Everard Smith sold 7,400 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.91, for a total transaction of $465,534.00. Following the sale, the executive vice president now directly owns 61,672 shares of the company’s stock, valued at approximately $3,879,785.52. The disclosure for this sale can be found here. 0.75% of the stock is owned by corporate insiders.

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.