CENTRAL TRUST Co Trims Position in Nasdaq, Inc. (NASDAQ:NDAQ)

CENTRAL TRUST Co decreased its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 7.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,247 shares of the financial services provider’s stock after selling 250 shares during the quarter. CENTRAL TRUST Co’s holdings in Nasdaq were worth $237,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Y.D. More Investments Ltd increased its stake in shares of Nasdaq by 94.8% during the second quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock valued at $25,000 after buying an additional 202 shares during the period. Hobbs Group Advisors LLC bought a new stake in shares of Nasdaq in the 2nd quarter valued at about $26,000. Crewe Advisors LLC boosted its stake in shares of Nasdaq by 164.4% during the second quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 314 shares in the last quarter. LRI Investments LLC bought a new position in Nasdaq in the first quarter worth approximately $31,000. Finally, Claro Advisors LLC purchased a new stake in Nasdaq during the third quarter worth $33,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $74.69 on Friday. Nasdaq, Inc. has a 52 week low of $47.56 and a 52 week high of $75.68. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.85. The firm has a market cap of $43.02 billion, a P/E ratio of 42.93, a P/E/G ratio of 3.09 and a beta of 0.95. The business’s 50 day moving average price is $72.56 and its 200 day moving average price is $65.70.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 earnings per share. On average, sell-side analysts expect that Nasdaq, Inc. will post 2.75 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.29%. Nasdaq’s payout ratio is 55.17%.

Analysts Set New Price Targets

NDAQ has been the subject of several recent research reports. Raymond James raised Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price target for the company in a research report on Monday, October 14th. Barclays lifted their price objective on shares of Nasdaq from $84.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft increased their target price on shares of Nasdaq from $66.00 to $72.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. Morgan Stanley upped their price target on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Oppenheimer raised their price objective on Nasdaq from $84.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $79.47.

Insider Buying and Selling

In other Nasdaq news, major shareholder Seller Lp Argus sold 42,804,207 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $64.58, for a total value of $2,764,295,688.06. Following the completion of the transaction, the insider now directly owns 42,804,207 shares of the company’s stock, valued at approximately $2,764,295,688.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.70% 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.