Northern Trust Corp Cuts Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Northern Trust Corp reduced its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQFree Report) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,203,664 shares of the financial services provider’s stock after selling 160,230 shares during the period. Northern Trust Corp owned about 0.56% of Nasdaq worth $186,261,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Nasdaq in the 4th quarter valued at approximately $29,000. Loomis Sayles & Co. L P purchased a new stake in shares of Nasdaq in the 3rd quarter valued at approximately $26,000. Allworth Financial LP increased its position in shares of Nasdaq by 74.9% in the 4th quarter. Allworth Financial LP now owns 815 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 349 shares during the last quarter. Lindbrook Capital LLC increased its position in shares of Nasdaq by 158.5% in the 4th quarter. Lindbrook Capital LLC now owns 902 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 553 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Nasdaq by 313.7% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,328 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 1,007 shares during the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Nasdaq Stock Down 0.8 %

Shares of Nasdaq stock opened at $58.78 on Monday. The company has a market cap of $33.81 billion, a P/E ratio of 30.94, a PEG ratio of 3.19 and a beta of 0.94. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.99 and a current ratio of 0.99. Nasdaq, Inc. has a one year low of $46.88 and a one year high of $64.25. The firm has a fifty day moving average of $60.90 and a two-hundred day moving average of $58.54.

Nasdaq (NASDAQ:NDAQGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.63 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.02). Nasdaq had a net margin of 15.98% and a return on equity of 17.00%. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the business earned $0.69 EPS. The firm’s revenue for the quarter was up 22.2% on a year-over-year basis. On average, analysts forecast that Nasdaq, Inc. will post 2.68 earnings per share for the current year.

Nasdaq Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.24 dividend. This is a boost from Nasdaq’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.63%. Nasdaq’s dividend payout ratio (DPR) is 46.32%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NDAQ. Barclays dropped their price objective on shares of Nasdaq from $76.00 to $73.00 and set an “overweight” rating on the stock in a research report on Friday, April 26th. Keefe, Bruyette & Woods lowered their target price on shares of Nasdaq from $75.00 to $74.00 and set an “outperform” rating for the company in a report on Friday, April 26th. The Goldman Sachs Group upgraded shares of Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price target for the company in a research note on Tuesday, March 26th. Edward Jones started coverage on shares of Nasdaq in a research note on Wednesday, April 3rd. They set a “buy” rating for the company. Finally, Argus increased their price target on shares of Nasdaq from $64.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $65.92.

Check Out Our Latest Analysis on Nasdaq

Insider Activity at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 3,036 shares of Nasdaq stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $59.89, for a total transaction of $181,826.04. Following the completion of the transaction, the executive vice president now owns 58,636 shares in the company, valued at $3,511,710.04. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of Nasdaq stock in a transaction dated 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 transaction, the insider now owns 58,341,545 shares in the company, valued at $3,383,809,610. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Bryan Everard Smith sold 3,036 shares of Nasdaq stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $59.89, for a total transaction of $181,826.04. Following the transaction, the executive vice president now owns 58,636 shares of the company’s stock, valued at approximately $3,511,710.04. The disclosure for this sale can be found here. Insiders sold 31,010,436 shares of company stock worth $1,798,647,360 over the last 90 days. Company insiders own 0.70% of the company’s stock.

Nasdaq Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding NDAQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nasdaq, Inc. (NASDAQ:NDAQFree Report).

Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

Receive News & Ratings for Nasdaq Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq and related companies with MarketBeat.com's FREE daily email newsletter.