Skandinaviska Enskilda Banken AB publ Has $7.21 Million Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Key Points

• Skandinaviska Enskilda Banken AB increased its position in Nasdaq, Inc. by 4.8% in Q1, now holding 95,115 shares valued at approximately $7.21 million.
• A number of other hedge funds also reported increased holdings in Nasdaq, with LPL Financial LLC growing its stake by 17.9% and various others making significant purchases in the fourth quarter.
• Nasdaq reported an earnings per share (EPS) of $0.85 for the last quarter, exceeding expectations, while announcing a quarterly dividend of $0.27, reflecting a dividend yield of 1.14%.

Skandinaviska Enskilda Banken AB publ grew its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 4.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 95,115 shares of the financial services provider's stock after buying an additional 4,380 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Nasdaq were worth $7,213,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Grove Bank & Trust boosted its stake in Nasdaq by 194.6% in the 1st quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock worth $25,000 after purchasing an additional 216 shares in the last quarter. Highline Wealth Partners LLC grew its holdings 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 valued at $26,000 after buying an additional 317 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Nasdaq in the 1st quarter valued at $26,000. First Command Advisory Services Inc. purchased a new position in Nasdaq in the 1st quarter worth $30,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in Nasdaq during the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 72.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NDAQ shares. Redburn Atlantic raised shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price objective on the stock in a report on Thursday, April 17th. Piper Sandler lowered shares of Nasdaq from an "overweight" rating to a "neutral" rating in a report on Thursday. Raymond James Financial reiterated an "outperform" rating and set a $96.00 price objective (up previously from $84.00) on shares of Nasdaq in a research note on Wednesday, July 9th. Wall Street Zen upgraded Nasdaq from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Finally, Bank of America lifted their price target on Nasdaq from $103.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Nasdaq currently has a consensus rating of "Moderate Buy" and a consensus target price of $96.63.

Nasdaq Trading Up 0.9%

NASDAQ:NDAQ traded up $0.87 during trading hours on Thursday, reaching $96.86. 1,098,861 shares of the company were exchanged, compared to its average volume of 3,341,177. The firm has a market cap of $55.58 billion, a price-to-earnings ratio of 37.25, a PEG ratio of 2.12 and a beta of 1.01. The stock has a 50 day simple moving average of $87.72 and a 200 day simple moving average of $80.98. Nasdaq, Inc. has a 52-week low of $64.33 and a 52-week high of $97.07. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.98.

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

Nasdaq Dividend Announcement

The firm also recently announced 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 1.12%. Nasdaq's dividend payout ratio is currently 41.54%.

Insider Buying and Selling

In other news, EVP Bradley J. Peterson sold 11,508 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $88.87, for a total value of $1,022,715.96. Following the completion of the transaction, the executive vice president directly owned 111,035 shares in the company, valued at $9,867,680.45. This trade represents a 9.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Michelle Lynn Daly sold 8,691 shares of the stock in a transaction on Friday, July 25th. The shares were sold at an average price of $93.45, for a total value of $812,173.95. Following the completion of the transaction, the senior vice president owned 8,879 shares of the company's stock, valued at $829,742.55. This trade represents a 49.46% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,304 shares of company stock valued at $2,686,833. 0.70% of the stock is owned by corporate insiders.

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.