AAFMAA Wealth Management & Trust LLC Increases Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

AAFMAA Wealth Management & Trust LLC increased its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 49.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,367 shares of the financial services provider's stock after purchasing an additional 6,073 shares during the quarter. AAFMAA Wealth Management & Trust LLC's holdings in Nasdaq were worth $1,393,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Gateway Investment Advisers LLC boosted its stake in shares of Nasdaq by 11.5% during the first quarter. Gateway Investment Advisers LLC now owns 5,438 shares of the financial services provider's stock valued at $413,000 after purchasing an additional 562 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Nasdaq by 66.6% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 40,269 shares of the financial services provider's stock valued at $3,055,000 after purchasing an additional 16,099 shares in the last quarter. Heritage Family Offices LLP bought a new stake in Nasdaq during the 1st quarter valued at $1,121,000. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Nasdaq during the 1st quarter valued at $14,188,000. Finally, Clarus Wealth Advisors boosted its position in Nasdaq by 14.5% during the 1st quarter. Clarus Wealth Advisors now owns 12,242 shares of the financial services provider's stock valued at $881,000 after acquiring an additional 1,546 shares in the last quarter. Institutional investors own 72.47% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wall Street Zen raised Nasdaq from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Piper Sandler raised their price objective on Nasdaq from $80.00 to $83.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. UBS Group restated a "cautious" rating on shares of Nasdaq in a report on Monday, April 28th. Bank of America lifted their price objective on shares of Nasdaq from $103.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, April 2nd. Finally, Citigroup cut their price objective on shares of Nasdaq from $84.00 to $75.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $86.50.

Nasdaq Stock Performance

NASDAQ:NDAQ traded up $1.61 during trading hours on Friday, hitting $85.61. 2,971,036 shares of the company were exchanged, compared to its average volume of 2,952,844. The stock has a market capitalization of $49.15 billion, a price-to-earnings ratio of 44.59, a PEG ratio of 2.12 and a beta of 1.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. Nasdaq, Inc. has a 52-week low of $58.28 and a 52-week high of $85.72. The company's 50 day moving average price is $77.19 and its 200-day moving average price is $78.43.

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

Nasdaq Increases Dividend

The business 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 $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Friday, June 13th. This is a positive change from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's dividend payout ratio is currently 49.09%.

Insiders Place Their Bets

In related news, EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the sale, the executive vice president now directly owns 59,694 shares of the company's stock, valued at approximately $4,398,253.92. This represents a 20.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Bryan Everard Smith sold 657 shares of the 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 sale, 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,616 shares of company stock worth $1,813,598. Corporate 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.