Vontobel Holding Ltd. Sells 4,330 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Vontobel Holding Ltd. decreased its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 17.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,560 shares of the financial services provider's stock after selling 4,330 shares during the quarter. Vontobel Holding Ltd.'s holdings in Nasdaq were worth $1,560,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of NDAQ. Laird Norton Wetherby Wealth Management LLC raised its position in shares of Nasdaq by 1.0% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,303 shares of the financial services provider's stock valued at $1,260,000 after buying an additional 157 shares in the last quarter. Gamco Investors INC. ET AL raised its position in Nasdaq by 4.2% during the fourth quarter. Gamco Investors INC. ET AL now owns 4,103 shares of the financial services provider's stock valued at $317,000 after purchasing an additional 164 shares in the last quarter. Wesbanco Bank Inc. lifted its stake in Nasdaq by 7.1% during the first quarter. Wesbanco Bank Inc. now owns 2,829 shares of the financial services provider's stock worth $215,000 after purchasing an additional 187 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Nasdaq by 10.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,048 shares of the financial services provider's stock valued at $159,000 after purchasing an additional 192 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of Nasdaq by 4.5% in the 4th quarter. Parallel Advisors LLC now owns 4,550 shares of the financial services provider's stock valued at $352,000 after purchasing an additional 197 shares in the last quarter. Institutional investors own 72.47% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Bank of America upped their price objective on Nasdaq from $103.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, April 2nd. Morgan Stanley cut shares of Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 target price for the company. in a report on Tuesday, April 8th. Keefe, Bruyette & Woods raised their price target on shares of Nasdaq from $87.00 to $88.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. Barclays decreased their price target on shares of Nasdaq from $86.00 to $84.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Finally, Piper Sandler increased their price objective on shares of Nasdaq from $80.00 to $83.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. One 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. According to MarketBeat.com, Nasdaq currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.06.

Insiders Place Their Bets

In other Nasdaq news, insider Pc Nelson Griggs sold 8,000 shares of Nasdaq stock in a transaction that occurred on 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 sale, the insider directly owned 211,405 shares in the company, valued at approximately $17,552,957.15. The trade was a 3.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jeremy Skule sold 2,105 shares of the business's stock in a transaction that occurred on 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 in the company, valued at approximately $8,440,475.52. This trade represents a 2.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,613 shares of company stock worth $1,874,659. Company insiders own 0.70% of the company's stock.

Nasdaq Trading Up 0.5%

NASDAQ:NDAQ traded up $0.41 during trading hours on Friday, hitting $89.93. 1,433,250 shares of the company were exchanged, compared to its average volume of 3,055,672. The company has a fifty day simple moving average of $83.49 and a 200 day simple moving average of $79.33. Nasdaq, Inc. has a one year low of $59.95 and a one year high of $90.35. The stock has a market capitalization of $51.63 billion, a price-to-earnings ratio of 40.88, a price-to-earnings-growth ratio of 2.32 and a beta of 1.01. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.77.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.02. Nasdaq had a net margin of 16.36% and a return on equity of 15.38%. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the business earned $0.63 EPS. The company's revenue was up 10.7% compared to the same quarter last year. Sell-side analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.20%. This is a boost from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's dividend payout ratio is 49.09%.

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.