Private Trust Co. NA Purchases 137 Shares of Nasdaq, Inc. $NDAQ

Private Trust Co. NA increased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,656 shares of the financial services provider’s stock after acquiring an additional 137 shares during the quarter. Private Trust Co. NA’s holdings in Nasdaq were worth $506,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of NDAQ. Nordea Investment Management AB increased its stake in Nasdaq by 1.8% during the 2nd quarter. Nordea Investment Management AB now owns 437,226 shares of the financial services provider’s stock valued at $38,869,000 after purchasing an additional 7,629 shares in the last quarter. Generali Asset Management SPA SGR acquired a new position in Nasdaq during the 2nd quarter valued at approximately $2,895,000. Bayforest Capital Ltd acquired a new position in Nasdaq during the 2nd quarter valued at approximately $37,000. Sagespring Wealth Partners LLC increased its stake in Nasdaq by 30.0% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 4,799 shares of the financial services provider’s stock valued at $429,000 after purchasing an additional 1,108 shares in the last quarter. Finally, Cornerstone Wealth Group LLC increased its stake in Nasdaq by 30.1% during the 2nd quarter. Cornerstone Wealth Group LLC now owns 4,043 shares of the financial services provider’s stock valued at $362,000 after purchasing an additional 935 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ opened at $88.59 on Monday. The company’s fifty day moving average price is $91.92 and its 200 day moving average price is $86.47. Nasdaq, Inc. has a 1 year low of $64.84 and a 1 year high of $97.63. The company has a market capitalization of $50.83 billion, a PE ratio of 34.07, a price-to-earnings-growth ratio of 1.98 and a beta of 0.98. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.96 and a current ratio of 0.96.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. Nasdaq had a net margin of 18.59% and a return on equity of 15.90%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the firm posted $0.69 earnings per share. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. On average, research analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, September 12th. Nasdaq’s dividend payout ratio (DPR) is presently 41.54%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NDAQ shares. Morgan Stanley set a $90.00 price objective on shares of Nasdaq and gave the company an “equal weight” rating in a report on Wednesday, October 1st. Oppenheimer reaffirmed an “outperform” rating and issued a $101.00 price objective (up from $96.00) on shares of Nasdaq in a report on Tuesday, July 15th. Citigroup reaffirmed a “neutral” rating on shares of Nasdaq in a report on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Nasdaq from $97.00 to $105.00 and gave the company a “buy” rating in a report on Friday, July 25th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $100.00 price objective (up from $99.00) on shares of Nasdaq in a report on Monday, October 13th. Fifteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Nasdaq presently has an average rating of “Moderate Buy” and a consensus target price of $97.50.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, SVP Michelle Lynn Daly sold 8,691 shares of the stock in a transaction on Friday, July 25th. The shares were sold at an average price of $93.45, for a total transaction of $812,173.95. Following the transaction, the senior vice president directly owned 8,879 shares of the company’s stock, valued at $829,742.55. This trade represents a 49.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jeremy Skule sold 2,105 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $95.49, for a total transaction of $201,006.45. Following the transaction, the executive vice president directly owned 92,551 shares in the company, valued at approximately $8,837,694.99. The trade was a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

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.