Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich lowered its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 4.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,548,006 shares of the financial services provider's stock after selling 175,386 shares during the quarter. Nasdaq accounts for about 1.0% of Bank Julius Baer & Co. Ltd Zurich's portfolio, making the stock its 25th biggest holding. Bank Julius Baer & Co. Ltd Zurich owned 0.62% of Nasdaq worth $294,525,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Grove Bank & Trust increased its stake in Nasdaq by 194.6% during the first quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock worth $25,000 after purchasing an additional 216 shares during the period. Highline Wealth Partners LLC increased its stake in shares of Nasdaq by 1,509.5% during the first quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider's stock worth $26,000 after buying an additional 317 shares during the period. Opal Wealth Advisors LLC acquired a new position in Nasdaq in the first quarter valued at approximately $26,000. First Command Advisory Services Inc. acquired a new position in Nasdaq in the first quarter valued at approximately $30,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Nasdaq in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 72.47% of the company's stock.

Nasdaq Stock Performance

Shares of NASDAQ:NDAQ traded down $0.46 on Tuesday, hitting $88.79. The company's stock had a trading volume of 386,834 shares, compared to its average volume of 3,094,173. Nasdaq, Inc. has a 12 month low of $62.43 and a 12 month high of $90.84. The company has a market capitalization of $50.97 billion, a price-to-earnings ratio of 40.41, a price-to-earnings-growth ratio of 2.15 and a beta of 1.01. The stock's 50-day moving average is $85.91 and its two-hundred day moving average is $80.16. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.98 and a current ratio of 0.98.

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 the consensus estimate of $0.77 by $0.02. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. Nasdaq had a return on equity of 15.38% and a net margin of 16.36%. The company's revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.63 earnings per share. On average, equities research analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.22%. This is an increase from Nasdaq's previous quarterly dividend of $0.24. The ex-dividend date was Friday, June 13th. Nasdaq's dividend payout ratio is currently 49.09%.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of a number of recent analyst reports. UBS Group raised their target price on Nasdaq from $82.00 to $95.00 and gave the company a "neutral" rating in a report on Thursday, July 10th. Keefe, Bruyette & Woods lifted their price objective on Nasdaq from $87.00 to $88.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Wall Street Zen upgraded Nasdaq from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Bank of America lifted 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. Finally, Citigroup reiterated a "neutral" rating on shares of Nasdaq in a research report on Wednesday, July 9th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Nasdaq currently has an average rating of "Moderate Buy" and a consensus target price of $92.63.

Insider Activity at Nasdaq

In related news, EVP Bradley J. Peterson sold 11,508 shares of the company's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $88.87, for a total transaction of $1,022,715.96. Following the transaction, the executive vice president directly owned 111,035 shares of the company's stock, valued at approximately $9,867,680.45. The trade was a 9.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Pc Nelson Griggs sold 8,000 shares of the company'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 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,613 shares of company stock valued at $1,874,659. Company insiders own 0.70% of the company's stock.

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.

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