First National Trust Co. Raises Position in Nasdaq Inc (NDAQ)

First National Trust Co. boosted its position in shares of Nasdaq Inc (NASDAQ:NDAQ) by 19.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,530 shares of the financial services provider’s stock after buying an additional 2,560 shares during the period. First National Trust Co.’s holdings in Nasdaq were worth $1,079,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NDAQ. State Street Corp increased its stake in shares of Nasdaq by 9.4% in the fourth quarter. State Street Corp now owns 5,275,896 shares of the financial services provider’s stock valued at $354,120,000 after buying an additional 451,446 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Nasdaq by 4.0% in the fourth quarter. AQR Capital Management LLC now owns 2,300,215 shares of the financial services provider’s stock valued at $154,390,000 after buying an additional 88,277 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Nasdaq by 2.4% in the fourth quarter. Bessemer Group Inc. now owns 1,545,785 shares of the financial services provider’s stock valued at $103,752,000 after buying an additional 36,075 shares in the last quarter. Norges Bank acquired a new stake in shares of Nasdaq during the fourth quarter valued at $99,066,000. Finally, Janus Capital Management LLC increased its stake in shares of Nasdaq by 0.6% in the fourth quarter. Janus Capital Management LLC now owns 1,443,073 shares of the financial services provider’s stock valued at $96,860,000 after buying an additional 8,393 shares in the last quarter. 73.64% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

Nasdaq Inc (NASDAQ:NDAQ) traded up 0.03% during trading on Tuesday, reaching $67.93. The company’s stock had a trading volume of 427,498 shares. The stock has a 50-day moving average price of $68.44 and a 200 day moving average price of $68.40. Nasdaq Inc has a 52-week low of $61.19 and a 52-week high of $72.52. The company has a market cap of $11.22 billion, a PE ratio of 79.17 and a beta of 0.89.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.05. Nasdaq had a return on equity of 10.99% and a net margin of 2.94%. The firm had revenue of $583 million during the quarter, compared to analysts’ expectations of $593.46 million. During the same period in the prior year, the business earned $0.91 EPS. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, analysts expect that Nasdaq Inc will post $4.11 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be issued a $0.38 dividend. This is a boost from Nasdaq’s previous quarterly dividend of $0.32. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Wednesday, June 14th. Nasdaq’s dividend payout ratio is presently 206.45%.

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Several analysts recently weighed in on the company. Deutsche Bank AG restated a “buy” rating and set a $77.00 price objective (down from $79.00) on shares of Nasdaq in a research report on Monday, May 15th. Evercore ISI restated an “in-line” rating and set a $74.00 price objective on shares of Nasdaq in a research report on Friday, April 28th. Royal Bank of Canada upped their price objective on Nasdaq from $70.00 to $74.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 27th. Zacks Investment Research upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th. Finally, Jefferies Group LLC restated a “hold” rating and set a $68.00 price objective on shares of Nasdaq in a research report on Monday, April 10th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Nasdaq currently has an average rating of “Hold” and a consensus price target of $73.11.

In other news, Director Lars Wedenborn sold 10,000 shares of the business’s stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $68.38, for a total value of $683,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is currently owned by corporate insiders.

About Nasdaq

Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.

12 Month Chart for NASDAQ:NDAQ

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