Banco Santander S.A. Sells 5,842 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Key Points

• Banco Santander S.A. has reduced its holdings of Nasdaq, Inc. by 5.3%, selling 5,842 shares and now owns 104,560 shares worth approximately $7.93 million.
• Nasdaq, Inc. reported a $0.85 EPS for the latest quarter, surpassing analysts' expectations of $0.78 EPS, and achieved revenues of $1.31 billion.
• Nasdaq's recently declared quarterly dividend will amount to $0.27 per share, providing an annualized yield of 1.1% to investors of record as of September 12th.

Banco Santander S.A. cut its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 5.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,560 shares of the financial services provider's stock after selling 5,842 shares during the quarter. Banco Santander S.A.'s holdings in Nasdaq were worth $7,932,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Janney Montgomery Scott LLC boosted its position in Nasdaq by 7.7% during the first quarter. Janney Montgomery Scott LLC now owns 43,161 shares of the financial services provider's stock worth $3,274,000 after purchasing an additional 3,096 shares during the period. USA Financial Formulas boosted its position in Nasdaq by 61.1% during the first quarter. USA Financial Formulas now owns 17,842 shares of the financial services provider's stock worth $1,353,000 after purchasing an additional 6,764 shares during the period. Principal Financial Group Inc. boosted its position in Nasdaq by 1.2% during the first quarter. Principal Financial Group Inc. now owns 2,268,620 shares of the financial services provider's stock worth $172,098,000 after purchasing an additional 27,622 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Nasdaq during the fourth quarter worth $48,749,000. Finally, FUKOKU MUTUAL LIFE INSURANCE Co bought a new position in Nasdaq during the first quarter worth $222,000. 72.47% of the stock is owned by institutional investors.

Nasdaq Stock Down 1.1%

NDAQ stock opened at $95.17 on Friday. The company has a market cap of $54.61 billion, a PE ratio of 36.60, a price-to-earnings-growth ratio of 2.11 and a beta of 1.00. The business has a 50-day simple moving average of $88.29 and a 200 day simple moving average of $81.28. Nasdaq, Inc. has a 52 week low of $64.33 and a 52 week high of $97.07. The company has a quick ratio of 0.98, a current ratio of 0.96 and a debt-to-equity ratio of 0.73.

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

Nasdaq Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on NDAQ shares. Royal Bank Of Canada lifted their price objective on shares of Nasdaq from $95.00 to $108.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Wall Street Zen raised shares of Nasdaq from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Raymond James Financial reaffirmed an "outperform" rating and set a $96.00 price objective (up from $84.00) on shares of Nasdaq in a research report on Wednesday, July 9th. Morgan Stanley lifted their target price on Nasdaq from $75.00 to $86.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 15th. Finally, Redburn Atlantic raised Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 target price for the company in a report on Thursday, April 17th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $96.63.

Insider Buying and Selling

In related news, insider Pc Nelson Griggs sold 8,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $83.03, for a total value of $664,240.00. Following the completion of the transaction, the insider owned 211,405 shares of the company's stock, valued at $17,552,957.15. The trade was a 3.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jeremy Skule sold 2,105 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $89.17, for a total value of $187,702.85. Following the completion of the transaction, the executive vice president directly owned 94,656 shares of the company's stock, valued at approximately $8,440,475.52. This trade represents a 2.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,304 shares of company stock worth $2,686,833 in the last ninety days. 0.70% of the stock is owned by company insiders.

Nasdaq 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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