Banco Bilbao Vizcaya Argentaria S.A. Lowers Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Banco Bilbao Vizcaya Argentaria S.A. lowered its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 47.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,616 shares of the financial services provider's stock after selling 17,373 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Nasdaq were worth $1,521,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Barclays PLC lifted its stake in Nasdaq by 48.9% during the third quarter. Barclays PLC now owns 1,524,795 shares of the financial services provider's stock worth $111,325,000 after purchasing an additional 500,418 shares during the last quarter. Virtu Financial LLC bought a new stake in Nasdaq in the 3rd quarter worth $209,000. Anchor Investment Management LLC increased its holdings in Nasdaq by 109.9% during the 3rd quarter. Anchor Investment Management LLC now owns 3,148 shares of the financial services provider's stock valued at $230,000 after purchasing an additional 1,648 shares during the period. World Investment Advisors LLC purchased a new position in shares of Nasdaq during the third quarter valued at approximately $651,000. Finally, Sfmg LLC bought a new position in Nasdaq in the 3rd quarter worth $207,000. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Trading Up 0.8 %

Nasdaq stock opened at $75.36 on Monday. The stock has a market cap of $43.27 billion, a P/E ratio of 39.25, a PEG ratio of 2.12 and a beta of 1.02. The firm's 50 day moving average price is $75.07 and its 200-day moving average price is $77.49. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. Nasdaq, Inc. has a 1 year low of $58.28 and a 1 year high of $84.15.

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, beating analysts' consensus estimates of $0.77 by $0.02. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. On average, equities analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a $0.27 dividend. The ex-dividend date is Friday, June 13th. This is an increase from Nasdaq's previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a yield of 1.43%. Nasdaq's dividend payout ratio (DPR) is currently 49.09%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Oppenheimer lowered their target price on Nasdaq from $89.00 to $85.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. upped their target price on shares of Nasdaq from $88.00 to $95.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Piper Sandler lifted their price target on shares of Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Barclays lowered their price objective on shares of Nasdaq from $86.00 to $84.00 and set an "overweight" rating on the stock in a research report on Friday. Finally, StockNews.com upgraded Nasdaq from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Nasdaq currently has an average rating of "Moderate Buy" and a consensus price target of $85.18.

Insider Buying and Selling

In related news, EVP Bryan Everard Smith sold 657 shares of the firm's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $71.81, for a total value of $47,179.17. Following the transaction, the executive vice president now owns 61,980 shares of the company's stock, valued at $4,450,783.80. This trade represents a 1.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the sale, the executive vice president now directly owns 59,694 shares of the company's stock, valued at $4,398,253.92. This represents a 20.04 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,116 shares of company stock valued at $1,434,818. 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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