First Citizens Bank & Trust Co. Makes New $1.17 Million Investment in Nasdaq, Inc. $NDAQ

Key Points

• First Citizens Bank invested approximately $1.17 million in Nasdaq during the third quarter by acquiring 12,696 shares. Institutional investors collectively own 72.47% of NDAQ.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $108.83, versus a recent share price of $93.50.
• Nasdaq reported quarterly earnings of $1.07 per share, exceeding estimates, while revenue rose 14.9% year over year. The company also pays a quarterly dividend of $0.31, equivalent to a 1.3% annualized yield.

First Citizens Bank & Trust Co. acquired a new position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,696 shares of the financial services provider's stock, valued at approximately $1,168,000.

A number of other institutional investors have also recently bought and sold shares of NDAQ. Focus Financial Network Inc. raised its stake in shares of Nasdaq by 11.7% during the 3rd quarter. Focus Financial Network Inc. now owns 3,161 shares of the financial services provider's stock worth $291,000 after purchasing an additional 331 shares during the period. B. Riley Wealth Advisors Inc. purchased a new position in shares of Nasdaq in the 3rd quarter worth about $220,000. Krilogy Financial LLC grew its position in Nasdaq by 38.7% during the third quarter. Krilogy Financial LLC now owns 4,496 shares of the financial services provider's stock valued at $424,000 after buying an additional 1,254 shares during the period. NorthCrest Asset Manangement LLC grew its position in Nasdaq by 2.3% during the third quarter. NorthCrest Asset Manangement LLC now owns 328,165 shares of the financial services provider's stock valued at $30,313,000 after buying an additional 7,356 shares during the period. Finally, Argus Investors Counsel Inc. grew its position in Nasdaq by 6.5% during the third quarter. Argus Investors Counsel Inc. now owns 6,912 shares of the financial services provider's stock valued at $636,000 after buying an additional 422 shares during the period. Institutional investors own 72.47% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on NDAQ. TD Cowen decreased their price objective on shares of Nasdaq from $108.00 to $107.00 and set a "buy" rating for the company in a report on Monday. Raymond James Financial lowered their price objective on shares of Nasdaq from $119.00 to $109.00 in a research report on Friday, October 9th. Argus boosted their target price on shares of Nasdaq from $103.00 to $111.00 in a research note on Wednesday, August 5th. Barclays reissued an "overweight" rating and set a $109.00 target price (down from $111.00) on shares of Nasdaq in a research report on Wednesday, October 7th. Finally, Piper Sandler reissued an "overweight" rating and set a $108.00 target price (up from $104.00) on shares of Nasdaq in a research report on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $108.83.

Nasdaq Stock Performance

NASDAQ:NDAQ opened at $93.50 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.01. The business has a fifty day simple moving average of $94.69 and a two-hundred day simple moving average of $90.59. Nasdaq, Inc. has a 1 year low of $76.55 and a 1 year high of $101.79. The company has a market capitalization of $52.26 billion, a P/E ratio of 27.26, a P/E/G ratio of 1.64 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.09. The firm had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $1.46 billion. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%. The business's revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 EPS. On average, analysts expect that Nasdaq, Inc. will post 4.13 earnings per share for the current year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $1.24 annualized dividend and a yield of 1.3%. Nasdaq's dividend payout ratio (DPR) is 36.15%.

Key Headlines Impacting Nasdaq

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: LeveL Markets acquisition expands Nasdaq’s trading reach. Nasdaq completed its acquisition of LeveL Markets, one of the largest U.S. alternative trading systems. The deal adds liquidity and supports Nasdaq’s “always-on” trading strategy, potentially creating new revenue opportunities across trading, market data and infrastructure. Nasdaq Completes Acquisition of LeveL Markets, Advancing its Always-On Vision
• Positive Sentiment: Analyst support and earnings optimism remain catalysts. J.P. Morgan maintains a Buy view, while Deutsche Bank raised its price target to $116. The consensus rating remains “Moderate Buy,” with an average target of $108.83. Ahead of next week’s earnings report, analysts expect growth, supported by Nasdaq’s recurring data, technology and market-services revenue. Nasdaq Earnings Expected to Grow
• Positive Sentiment: Index and data businesses are showing momentum. Index revenue growth accelerated to 38% year over year in the second quarter from 14% in the first quarter, and broader industry trends—including crypto adoption and technology investment—could support non-trading revenue. Can Nasdaq Index Growth Hold Up Without a Rising Market?
• Neutral Sentiment: Temporary network disruption resolved. Nasdaq said it resolved a network issue that affected some equities markets. The limited outage could raise reliability concerns, but its resolution reduces the immediate operational risk. Nasdaq Resolves Network Disruption
• Negative Sentiment: Valuation and competition remain risks. Commentary argues the stock may look expensive if index growth depends heavily on rising markets and asset inflows. Competition across exchanges and a Wells Fargo Hold rating also temper the bullish outlook. An executive’s sale of 1,125 shares is a minor additional negative signal, although the executive retained a substantial stake. Nasdaq Stock Looks Pricey

Insider Buying and Selling

In related news, EVP Bradley J. Peterson sold 13,000 shares of the business's stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $92.61, for a total value of $1,203,930.00. Following the sale, the executive vice president directly owned 128,293 shares in the company, valued at approximately $11,881,214.73. The trade was a 9.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Jeremy Skule sold 1,125 shares of the business's stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $94.13, for a total value of $105,896.25. Following the completion of the sale, the executive vice president owned 97,686 shares in the company, valued at $9,195,183.18. This represents a 1.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 45,172 shares of company stock valued at $4,245,088. 0.60% of the stock is owned by insiders.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology, market infrastructure and exchange company headquartered in New York City. The company operates Nasdaq stock exchanges in the United States and provides trading, clearing, settlement, listing and market data services. Through its Nordic and Baltic operations, Nasdaq also serves financial markets across Northern Europe.

Nasdaq's business includes exchange and market services, index development, investment intelligence, and technology solutions for exchanges, brokers, banks, asset managers and other financial institutions.

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