Keybank National Association OH Purchases 922 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Keybank National Association OH increased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 9.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,731 shares of the financial services provider’s stock after buying an additional 922 shares during the quarter. Keybank National Association OH’s holdings in Nasdaq were worth $830,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Olstein Capital Management L.P. grew its holdings in shares of Nasdaq by 35.6% during the fourth quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider’s stock worth $6,185,000 after buying an additional 21,000 shares in the last quarter. NINE MASTS CAPITAL Ltd bought a new position in Nasdaq in the fourth quarter valued at approximately $274,000. Pacer Advisors Inc. grew its stake in Nasdaq by 75.7% in the fourth quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider’s stock valued at $4,170,000 after purchasing an additional 23,244 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Nasdaq by 26.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,173 shares of the financial services provider’s stock valued at $3,454,000 after purchasing an additional 9,130 shares in the last quarter. Finally, USA Financial Formulas bought a new position in Nasdaq in the fourth quarter valued at approximately $856,000. 72.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NDAQ. Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a “hold” rating to a “buy” rating and raised their price target for the company from $80.00 to $98.00 in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods raised their price target on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Citigroup raised their price target on Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Barclays reduced their target price on Nasdaq from $96.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Finally, UBS Group lifted their target price on Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.88.

Nasdaq Stock Performance

NASDAQ:NDAQ opened at $74.66 on Friday. The stock has a market cap of $42.94 billion, a P/E ratio of 38.89, a PEG ratio of 2.12 and a beta of 0.96. The stock has a 50 day simple moving average of $79.78 and a 200 day simple moving average of $77.22. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. Nasdaq, Inc. has a 1-year low of $57.96 and a 1-year high of $84.15.

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

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.24 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.29%. Nasdaq’s dividend payout ratio is presently 50.00%.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the transaction, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at $4,532,778.56. The trade was a 5.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.70% of the company’s stock.

About Nasdaq

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.