Bokf Na Boosts Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Bokf Na raised its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 36.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,417 shares of the financial services provider's stock after acquiring an additional 17,154 shares during the period. Bokf Na's holdings in Nasdaq were worth $4,888,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Barclays PLC lifted its position in Nasdaq by 48.9% during the third quarter. Barclays PLC now owns 1,524,795 shares of the financial services provider's stock valued at $111,325,000 after purchasing an additional 500,418 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Nasdaq during the 3rd quarter worth $209,000. Retirement Systems of Alabama grew its position in Nasdaq by 8.0% in the third quarter. Retirement Systems of Alabama now owns 90,640 shares of the financial services provider's stock worth $6,618,000 after acquiring an additional 6,704 shares in the last quarter. Nordea Investment Management AB increased its stake in Nasdaq by 1,022.1% in the fourth quarter. Nordea Investment Management AB now owns 409,906 shares of the financial services provider's stock valued at $31,743,000 after acquiring an additional 373,376 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Nasdaq by 2.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 20,566 shares of the financial services provider's stock valued at $1,502,000 after purchasing an additional 491 shares in the last quarter. Institutional investors own 72.47% of the company's stock.

Wall Street Analysts Forecast Growth

NDAQ has been the topic of several recent research reports. Bank of America increased their price objective on Nasdaq from $103.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. Piper Sandler boosted their price objective on shares of Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a "hold" rating to a "buy" rating and upped their price objective for the company from $80.00 to $98.00 in a research note on Wednesday, January 8th. Raymond James lifted their target price on shares of Nasdaq from $83.00 to $84.00 and gave the stock an "outperform" rating in a research report on Thursday, January 9th. Finally, Oppenheimer cut their price target on shares of Nasdaq from $89.00 to $85.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $85.18.

Insider Activity

In other news, EVP Bryan Everard Smith sold 657 shares of the firm's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $71.81, for a total transaction of $47,179.17. Following the completion of the transaction, the executive vice president now directly owns 61,980 shares in the company, valued at $4,450,783.80. This trade represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the transaction, the executive vice president now owns 59,694 shares in the company, valued at approximately $4,398,253.92. The trade was a 20.04 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.70% of the company's stock.

Nasdaq Trading Down 0.1 %

NASDAQ:NDAQ opened at $78.08 on Wednesday. Nasdaq, Inc. has a 12 month low of $58.28 and a 12 month high of $84.15. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The company has a 50-day moving average price of $74.50 and a 200-day moving average price of $77.63. The stock has a market cap of $44.83 billion, a price-to-earnings ratio of 40.67, a P/E/G ratio of 2.12 and a beta of 1.00.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. The business had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.22 billion. During the same period in the previous year, the firm posted $0.63 EPS. The business's revenue was up 10.7% on a year-over-year basis. Equities analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.08 annualized dividend and a yield of 1.38%. This is a positive change from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's dividend payout ratio (DPR) is currently 49.09%.

Nasdaq Company 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.

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