Bank of New York Mellon Corp Has $236.60 Million Stake in Nasdaq, Inc. $NDAQ

Bank of New York Mellon Corp lifted its stake in Nasdaq, Inc. (NASDAQ:NDAQFree Report) by 1.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,674,927 shares of the financial services provider’s stock after purchasing an additional 44,170 shares during the quarter. Bank of New York Mellon Corp owned 0.47% of Nasdaq worth $236,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in NDAQ. Front Row Advisors LLC purchased a new stake in Nasdaq in the 2nd quarter worth approximately $25,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Nasdaq during the second quarter worth $27,000. Tripletail Wealth Management LLC acquired a new stake in Nasdaq during the third quarter valued at $27,000. Access Investment Management LLC acquired a new stake in Nasdaq during the second quarter valued at $28,000. Finally, West Branch Capital LLC purchased a new position in Nasdaq in the third quarter valued at about $29,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Price Performance

NASDAQ NDAQ opened at $96.89 on Friday. Nasdaq, Inc. has a 1 year low of $64.84 and a 1 year high of $101.79. The company has a fifty day simple moving average of $95.74 and a 200 day simple moving average of $92.61. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.70. The company has a market cap of $55.32 billion, a P/E ratio of 31.36, a P/E/G ratio of 1.47 and a beta of 1.01.

Nasdaq (NASDAQ:NDAQGet Free Report) last announced its earnings results on Thursday, January 29th. The financial services provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. Nasdaq had a net margin of 21.77% and a return on equity of 16.90%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter last year, the firm posted $0.76 EPS. The business’s quarterly revenue was up 13.4% on a year-over-year basis. On average, sell-side analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, March 16th. Nasdaq’s payout ratio is currently 38.57%.

Insider Activity at Nasdaq

In other news, EVP John Zecca sold 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $100.01, for a total transaction of $450,045.00. Following the completion of the transaction, the executive vice president directly owned 125,674 shares in the company, valued at $12,568,656.74. The trade was a 3.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jeremy Skule sold 2,105 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $85.40, for a total value of $179,767.00. Following the completion of the sale, the executive vice president directly owned 84,974 shares of the company’s stock, valued at $7,256,779.60. This represents a 2.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 306,605 shares of company stock worth $29,546,812 in the last 90 days. 0.70% of the stock is owned by company insiders.

Nasdaq News Roundup

Here are the key news stories impacting Nasdaq this week:

Wall Street Analyst Weigh In

NDAQ has been the subject of a number of recent research reports. Barclays reaffirmed an “overweight” rating and set a $115.00 price target (up from $114.00) on shares of Nasdaq in a research note on Friday. TD Cowen lifted their target price on shares of Nasdaq from $104.00 to $105.00 and gave the company a “hold” rating in a research note on Friday. Royal Bank Of Canada restated an “outperform” rating and set a $108.00 price target on shares of Nasdaq in a research note on Friday. UBS Group reaffirmed a “buy” rating and issued a $120.00 price objective (up previously from $115.00) on shares of Nasdaq in a research note on Monday, January 12th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Nasdaq in a report on Friday, January 9th. Fourteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.13.

Read Our Latest Analysis on NDAQ

Nasdaq Profile

(Free Report)

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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