Banco Bilbao Vizcaya Argentaria S.A. Increases Stake in Nasdaq, Inc. $NDAQ

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stakes in Nasdaq, Inc. by 28.8%, acquiring an additional 5,653 shares and bringing its total to 25,269 shares valued at approximately $1,915,000.
• Nasdaq recently reported earnings of $0.85 EPS, surpassing analysts' expectations of $0.78, with revenues reaching $1.31 billion during the quarter.
• The company announced a quarterly dividend of $0.27 per share, with a dividend yield of 1.1%, to be paid on September 26th to shareholders of record by September 12th.

Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 28.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,269 shares of the financial services provider's stock after purchasing an additional 5,653 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Nasdaq were worth $1,915,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Nasdaq by 0.8% during the first quarter. Vanguard Group Inc. now owns 52,979,661 shares of the financial services provider's stock worth $4,019,037,000 after buying an additional 403,248 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Nasdaq by 5.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 20,433,885 shares of the financial services provider's stock valued at $1,550,115,000 after purchasing an additional 993,553 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Nasdaq by 5.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 6,954,334 shares of the financial services provider's stock valued at $537,640,000 after purchasing an additional 335,565 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Nasdaq by 37.9% during the fourth quarter. Ameriprise Financial Inc. now owns 6,005,047 shares of the financial services provider's stock valued at $464,676,000 after purchasing an additional 1,650,201 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Nasdaq by 9.1% in the first quarter. Goldman Sachs Group Inc. now owns 5,785,047 shares of the financial services provider's stock worth $438,854,000 after acquiring an additional 484,750 shares during the period. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Michelle Lynn Daly sold 8,691 shares of the business's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $93.45, for a total transaction of $812,173.95. Following the completion of the sale, the senior vice president directly owned 8,879 shares of the company's stock, valued at approximately $829,742.55. The trade was a 49.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bradley J. Peterson sold 11,508 shares of the business's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $88.87, for a total transaction of $1,022,715.96. Following the sale, the executive vice president directly owned 111,035 shares of the company's stock, valued at $9,867,680.45. This represents a 9.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,409 shares of company stock worth $2,887,839. 0.70% of the stock is currently owned by insiders.

Nasdaq Stock Up 0.8%

NDAQ stock traded up $0.79 during trading on Friday, hitting $94.75. 2,038,358 shares of the stock traded hands, compared to its average volume of 2,926,164. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market cap of $54.37 billion, a price-to-earnings ratio of 36.44, a price-to-earnings-growth ratio of 2.08 and a beta of 1.00. The firm's 50 day moving average is $91.63 and its two-hundred day moving average is $82.79. Nasdaq, Inc. has a 1 year low of $64.84 and a 1 year high of $97.63.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its earnings results on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.07. The company had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.26 billion. Nasdaq had a net margin of 18.59% and a return on equity of 15.90%. The firm's revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.69 EPS. On average, sell-side analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, September 12th. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. Nasdaq's payout ratio is 41.54%.

Analysts Set New Price Targets

NDAQ has been the subject of several recent research reports. Oppenheimer reiterated an "outperform" rating and issued a $101.00 target price (up previously from $96.00) on shares of Nasdaq in a research note on Tuesday, July 15th. The Goldman Sachs Group reiterated a "buy" rating on shares of Nasdaq in a research report on Friday, July 25th. Keefe, Bruyette & Woods lifted their target price on shares of Nasdaq from $103.00 to $104.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Piper Sandler boosted their price objective on shares of Nasdaq from $97.00 to $104.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Finally, Royal Bank Of Canada boosted their price objective on shares of Nasdaq from $95.00 to $108.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Fourteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $97.06.

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.