Braun Stacey Associates Inc. Trims Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Braun Stacey Associates Inc. trimmed its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 0.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 387,410 shares of the financial services provider’s stock after selling 1,026 shares during the quarter. Nasdaq comprises 1.2% of Braun Stacey Associates Inc.’s holdings, making the stock its 21st largest position. Braun Stacey Associates Inc. owned approximately 0.07% of Nasdaq worth $29,389,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of NDAQ. SVB Wealth LLC purchased a new position in shares of Nasdaq in the fourth quarter worth about $210,000. Smartleaf Asset Management LLC raised its stake in shares of Nasdaq by 10.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,048 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 192 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Nasdaq by 2.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 23,249 shares of the financial services provider’s stock worth $1,797,000 after purchasing an additional 501 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Nasdaq by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,367,921 shares of the financial services provider’s stock worth $183,064,000 after purchasing an additional 71,567 shares during the last quarter. Finally, Keybank National Association OH raised its stake in shares of Nasdaq by 9.4% in the fourth quarter. Keybank National Association OH now owns 10,731 shares of the financial services provider’s stock worth $830,000 after purchasing an additional 922 shares during the last quarter. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Nasdaq Stock Up 0.5%

Nasdaq stock opened at $89.93 on Friday. The stock has a market capitalization of $51.63 billion, a PE ratio of 40.88, a price-to-earnings-growth ratio of 2.32 and a beta of 1.01. Nasdaq, Inc. has a 12 month low of $59.95 and a 12 month high of $90.35. The business has a 50 day simple moving average of $83.49 and a 200-day simple moving average of $79.33. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.98 and a quick ratio of 0.98.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Nasdaq had a return on equity of 15.38% and a net margin of 16.36%. The business’s revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 earnings per share. On average, analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were given a $0.27 dividend. The ex-dividend date was Friday, June 13th. This is a boost from Nasdaq’s previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.20%. Nasdaq’s payout ratio is 49.09%.

Analyst Ratings Changes

Several research analysts have recently issued reports on NDAQ shares. Wall Street Zen upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Friday, April 18th. Keefe, Bruyette & Woods raised their price objective on Nasdaq from $87.00 to $88.00 and gave the stock an “outperform” rating in a research note on Friday, April 25th. Royal Bank Of Canada reiterated an “outperform” rating and set a $95.00 price target on shares of Nasdaq in a research report on Thursday, April 10th. Barclays reduced their price target on Nasdaq from $86.00 to $84.00 and set an “overweight” rating for the company in a research report on Friday, April 25th. Finally, Morgan Stanley cut Nasdaq from an “overweight” rating to an “equal weight” rating and set a $74.00 price target for the company. in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Nasdaq currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.06.

Insider Activity

In other news, EVP Bradley J. Peterson sold 11,508 shares of Nasdaq stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $88.87, for a total value of $1,022,715.96. Following the sale, the executive vice president directly owned 111,035 shares of the company’s stock, valued at $9,867,680.45. The trade was a 9.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Pc Nelson Griggs sold 8,000 shares of Nasdaq stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $83.03, for a total value of $664,240.00. Following the completion of the sale, the insider directly owned 211,405 shares in the company, valued at $17,552,957.15. This represents a 3.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,613 shares of company stock worth $1,874,659 over the last three months. 0.70% of the stock is currently owned by corporate insiders.

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.