First American Bank Buys 624 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

First American Bank increased its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,485 shares of the financial services provider’s stock after buying an additional 624 shares during the quarter. First American Bank’s holdings in Nasdaq were worth $2,434,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of NDAQ. Versor Investments LP purchased a new position in Nasdaq during the 4th quarter worth $418,000. Otter Creek Advisors LLC bought a new position in shares of Nasdaq during the fourth quarter valued at about $5,447,000. Proficio Capital Partners LLC purchased a new position in Nasdaq during the fourth quarter worth about $8,791,000. Oppenheimer & Co. Inc. grew its position in Nasdaq by 79.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 15,295 shares of the financial services provider’s stock worth $1,182,000 after purchasing an additional 6,750 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its stake in Nasdaq by 1.7% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 135,000 shares of the financial services provider’s stock valued at $10,437,000 after buying an additional 2,300 shares during the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NDAQ. Raymond James upped their target price on Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Keefe, Bruyette & Woods upped their price objective on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Argus lifted their target price on Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Royal Bank of Canada restated an “outperform” rating and set a $95.00 price target on shares of Nasdaq in a research report on Thursday, January 30th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $80.00 to $98.00 in a research report on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Nasdaq has a consensus rating of “Moderate Buy” and an average price target of $86.88.

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $80.80 on Friday. The stock has a fifty day moving average of $79.74 and a 200-day moving average of $76.77. The stock has a market cap of $46.47 billion, a PE ratio of 42.08, a price-to-earnings-growth ratio of 2.12 and a beta of 0.99. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. Nasdaq, Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $84.15.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. Equities research analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.19%. The ex-dividend date is Friday, March 14th. Nasdaq’s dividend payout ratio is 50.00%.

Insider Buying and Selling at Nasdaq

In related news, EVP Bryan Everard Smith sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the sale, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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.