Commerce Bank Has $24.05 Million Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Commerce Bank decreased its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 2.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 329,337 shares of the financial services provider's stock after selling 8,581 shares during the period. Commerce Bank owned about 0.06% of Nasdaq worth $24,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of NDAQ. First Pacific Financial lifted its stake in Nasdaq by 1.0% in the 3rd quarter. First Pacific Financial now owns 13,842 shares of the financial services provider's stock worth $1,011,000 after purchasing an additional 142 shares in the last quarter. Crestwood Advisors Group LLC boosted its holdings in shares of Nasdaq by 4.2% in the 3rd quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider's stock worth $268,000 after purchasing an additional 149 shares during the period. Kentucky Retirement Systems increased its position in Nasdaq by 0.5% during the third quarter. Kentucky Retirement Systems now owns 28,828 shares of the financial services provider's stock valued at $2,105,000 after acquiring an additional 154 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Nasdaq by 2.5% during the 3rd quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider's stock worth $481,000 after purchasing an additional 162 shares during the period. Finally, Evergreen Capital Management LLC lifted its stake in Nasdaq by 5.4% in the second quarter. Evergreen Capital Management LLC now owns 3,826 shares of the financial services provider's stock worth $231,000 after purchasing an additional 197 shares during the last quarter. Hedge funds and other institutional investors own 72.47% of the company's stock.

Insider Transactions at Nasdaq

In related news, EVP Bradley J. Peterson sold 13,642 shares of the firm's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.32, for a total value of $1,027,515.44. Following the sale, the executive vice president now owns 142,830 shares of the company's stock, valued at approximately $10,757,955.60. This trade represents a 8.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Pc Nelson Griggs sold 6,000 shares of the company's stock in a transaction on Monday, October 28th. The stock was sold at an average price of $75.71, for a total value of $454,260.00. Following the transaction, the insider now owns 215,563 shares of the company's stock, valued at approximately $16,320,274.73. The trade was a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,459 shares of company stock worth $3,811,808. 0.70% of the stock is currently owned by corporate insiders.

Nasdaq Trading Down 0.1 %

NDAQ opened at $80.08 on Thursday. Nasdaq, Inc. has a 52-week low of $53.62 and a 52-week high of $81.08. The firm has a market capitalization of $46.03 billion, a P/E ratio of 47.95, a P/E/G ratio of 3.12 and a beta of 0.95. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. The firm's 50 day moving average is $74.78 and its 200-day moving average is $67.82.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the firm earned $0.71 EPS. The company's revenue was up 21.9% on a year-over-year basis. Analysts expect that Nasdaq, Inc. will post 2.79 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq's dividend payout ratio is presently 57.49%.

Analyst Ratings Changes

A number of brokerages recently issued reports on NDAQ. The Goldman Sachs Group boosted their price target on Nasdaq from $77.00 to $83.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $88.00 target price on shares of Nasdaq in a research report on Tuesday. Barclays raised their price objective on Nasdaq from $84.00 to $87.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. Raymond James raised shares of Nasdaq from a "market perform" rating to an "outperform" rating and set a $82.00 price objective on the stock in a research report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Nasdaq from $78.00 to $80.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $80.87.

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.