Nasdaq, Inc. $NDAQ Shares Sold by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. has decreased its stake in Nasdaq, Inc. by 1.5%, now holding approximately 5.92 million shares worth $448.57 million.
• Nasdaq recently reported a quarterly earnings per share (EPS) of $0.85, exceeding analysts' expectations of $0.78, with a year-over-year revenue increase of 12.7% to $1.31 billion.
• The company declared a quarterly dividend of $0.27, which will be paid on September 26th, representing an annualized yield of 1.1% and a payout ratio of 41.54%.

Ameriprise Financial Inc. cut its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 1.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,917,216 shares of the financial services provider's stock after selling 87,831 shares during the quarter. Ameriprise Financial Inc. owned about 1.03% of Nasdaq worth $448,569,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vestcor Inc lifted its stake in Nasdaq by 1.6% in the first quarter. Vestcor Inc now owns 8,825 shares of the financial services provider's stock worth $669,000 after acquiring an additional 141 shares during the period. Laird Norton Wetherby Wealth Management LLC lifted its stake in 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 worth $1,260,000 after acquiring an additional 157 shares during the period. Wesbanco Bank Inc. lifted its stake in Nasdaq by 7.1% in the first quarter. Wesbanco Bank Inc. now owns 2,829 shares of the financial services provider's stock worth $215,000 after acquiring an additional 187 shares during the period. Grove Bank & Trust lifted its stake in Nasdaq by 194.6% in the first quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock worth $25,000 after acquiring an additional 216 shares during the period. Finally, Compass Capital Corp MA ADV lifted its stake in Nasdaq by 1.4% in the first quarter. Compass Capital Corp MA ADV now owns 15,995 shares of the financial services provider's stock worth $1,201,000 after acquiring an additional 216 shares during the period. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Stock Performance

NASDAQ:NDAQ traded up $0.79 during midday trading on Friday, hitting $94.75. The company's stock had a trading volume of 2,038,358 shares, compared to its average volume of 2,926,164. The firm has a market cap of $54.37 billion, a P/E ratio of 36.44, a P/E/G ratio of 2.08 and a beta of 1.00. Nasdaq, Inc. has a fifty-two week low of $64.84 and a fifty-two week high of $97.63. The firm's 50 day moving average is $91.63 and its 200-day moving average is $82.79. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.96.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data 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 business 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 business's revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the company earned $0.69 EPS. Equities analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

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 issued a $0.27 dividend. 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 dividend payout ratio (DPR) is presently 41.54%.

Wall Street Analyst Weigh In

NDAQ has been the subject of a number of research reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Nasdaq in a research note on Friday, July 25th. Morgan Stanley increased their price target on shares of Nasdaq from $75.00 to $86.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. Oppenheimer reissued an "outperform" rating and set a $101.00 price target (up from $96.00) on shares of Nasdaq in a research report on Tuesday, July 15th. Raymond James Financial reissued an "outperform" rating and set a $96.00 price target (up from $84.00) on shares of Nasdaq in a research report on Wednesday, July 9th. Finally, Barclays increased their price target on shares of Nasdaq from $101.00 to $109.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $97.06.

Insider Transactions at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $95.49, for a total value of $201,006.45. Following the transaction, the executive vice president owned 92,551 shares in the company, valued at approximately $8,837,694.99. This trade represents a 2.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Pc Nelson Griggs sold 8,000 shares of Nasdaq stock in a transaction 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 transaction, the insider owned 211,405 shares in the company, valued at approximately $17,552,957.15. This represents a 3.65% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,409 shares of company stock worth $2,887,839. Company insiders own 0.70% of the company's stock.

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.