Toronto Dominion Bank Purchases 16,471 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Toronto Dominion Bank increased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 7.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 223,793 shares of the financial services provider's stock after purchasing an additional 16,471 shares during the period. Toronto Dominion Bank's holdings in Nasdaq were worth $17,301,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Rakuten Securities Inc. bought a new position in shares of Nasdaq during the fourth quarter valued at approximately $26,000. Kestra Investment Management LLC purchased a new position in Nasdaq during the 4th quarter valued at $33,000. Raleigh Capital Management Inc. grew its position in Nasdaq by 106.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 225 shares during the last quarter. Kapitalo Investimentos Ltda purchased a new stake in Nasdaq in the fourth quarter worth $37,000. Finally, TCTC Holdings LLC bought a new stake in shares of Nasdaq during the fourth quarter worth $41,000. 72.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts 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 target on the stock in a research note on Thursday, April 17th. UBS Group reaffirmed a "cautious" rating on shares of Nasdaq in a research report on Monday, April 28th. Keefe, Bruyette & Woods lifted 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. JPMorgan Chase & Co. increased their price objective on Nasdaq from $88.00 to $95.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Finally, Bank of America raised their price objective on Nasdaq from $103.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Nasdaq has a consensus rating of "Moderate Buy" and a consensus target price of $86.50.

Nasdaq Stock Performance

NDAQ stock opened at $81.96 on Tuesday. Nasdaq, Inc. has a one year low of $58.28 and a one year high of $84.15. The firm has a market cap of $47.06 billion, a price-to-earnings ratio of 42.69, a PEG ratio of 2.12 and a beta of 1.00. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The firm has a 50-day simple moving average of $75.18 and a two-hundred day simple moving average of $78.02.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. The company had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter in the prior year, the company posted $0.63 earnings per share. Nasdaq's revenue for the quarter was up 10.7% compared to the same quarter last year. On average, equities analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a $0.27 dividend. This is a boost from Nasdaq's previous quarterly dividend of $0.24. The ex-dividend date is Friday, June 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.32%. Nasdaq's dividend payout ratio (DPR) is presently 49.09%.

Insider Buying and Selling

In other news, EVP Bryan Everard Smith sold 657 shares of the business's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $71.81, for a total transaction of $47,179.17. Following the sale, the executive vice president now owns 61,980 shares in the company, valued at approximately $4,450,783.80. The trade was a 1.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the sale, the executive vice president now owns 59,694 shares of the company's stock, valued at $4,398,253.92. This trade represents a 20.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by company 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.

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