UMB Bank n.a. Raises Stock Position in Nasdaq, Inc. $NDAQ

UMB Bank n.a. boosted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 46.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,469 shares of the financial services provider’s stock after acquiring an additional 464 shares during the period. UMB Bank n.a.’s holdings in Nasdaq were worth $131,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of NDAQ. Grove Bank & Trust grew its stake in Nasdaq by 194.6% during the 1st quarter. Grove Bank & Trust now owns 327 shares of the financial services provider’s stock worth $25,000 after buying an additional 216 shares during the last quarter. Bruce G. Allen Investments LLC boosted its holdings in Nasdaq by 72.7% in the second quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 120 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of Nasdaq during the first quarter worth about $26,000. Highline Wealth Partners LLC increased its holdings in shares of Nasdaq by 1,509.5% during the first quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 317 shares in the last quarter. Finally, First Command Advisory Services Inc. acquired a new position in shares of Nasdaq during the first quarter valued at about $30,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Nasdaq from $97.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Morgan Stanley boosted their price objective on shares of Nasdaq from $75.00 to $86.00 and gave the company an “equal weight” rating in a report on Tuesday, July 15th. Oppenheimer restated an “outperform” rating and issued a $101.00 target price (up previously from $96.00) on shares of Nasdaq in a research note on Tuesday, July 15th. The Goldman Sachs Group reiterated a “buy” rating on shares of Nasdaq in a research note on Friday, July 25th. Finally, Royal Bank Of Canada increased their price objective on Nasdaq from $95.00 to $108.00 and gave the company an “outperform” rating in a report on Friday, July 25th. Fourteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $97.06.

Insider Activity

In related news, EVP Jeremy Skule sold 2,105 shares of Nasdaq stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $95.49, for a total value of $201,006.45. Following the completion of the transaction, the executive vice president owned 92,551 shares in the company, valued at $8,837,694.99. The trade was a 2.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michelle Lynn Daly sold 8,691 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $93.45, for a total value of $812,173.95. Following the transaction, the senior vice president owned 8,879 shares in the company, valued at $829,742.55. This represents a 49.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,409 shares of company stock worth $2,223,599 in the last ninety days. Company insiders own 0.70% of the company’s stock.

Nasdaq Stock Down 1.5%

Shares of NDAQ stock opened at $87.15 on Thursday. Nasdaq, Inc. has a twelve month low of $64.84 and a twelve month high of $97.63. The stock has a market cap of $50.01 billion, a P/E ratio of 33.52, a P/E/G ratio of 1.94 and a beta of 1.02. The stock has a 50 day moving average of $93.73 and a 200 day moving average of $84.77. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Nasdaq had a net margin of 18.59% and a return on equity of 15.90%. The business’s revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the company earned $0.69 EPS. As a group, sell-side analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be given a $0.27 dividend. The ex-dividend date is Friday, September 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. Nasdaq’s dividend payout ratio is 41.54%.

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.