Cullen Frost Bankers Inc. Has $10.60 Million Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Cullen Frost Bankers Inc. trimmed its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 137,094 shares of the financial services provider's stock after selling 3,624 shares during the quarter. Cullen Frost Bankers Inc.'s holdings in Nasdaq were worth $10,599,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Citizens Financial Group Inc. RI grew its position in Nasdaq by 3.6% in the third quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider's stock valued at $290,000 after purchasing an additional 137 shares in the last quarter. Allworth Financial LP grew its position in Nasdaq by 12.3% in the fourth quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider's stock valued at $104,000 after purchasing an additional 141 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in Nasdaq by 1.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider's stock valued at $759,000 after purchasing an additional 148 shares in the last quarter. Brooklyn Investment Group grew its position in Nasdaq by 8.5% in the fourth quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider's stock valued at $147,000 after purchasing an additional 148 shares in the last quarter. Finally, Crestwood Advisors Group LLC grew its position 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 valued at $268,000 after acquiring an additional 149 shares during the period. 72.47% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

NDAQ has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Nasdaq from $88.00 to $95.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Barclays decreased their price objective on shares of Nasdaq from $96.00 to $95.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Royal Bank of Canada reissued an "outperform" rating and issued a $95.00 price objective on shares of Nasdaq in a research report on Thursday, January 30th. UBS Group lifted their price objective on shares of Nasdaq from $79.00 to $89.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Finally, William Blair assumed coverage on shares of Nasdaq in a research report on Monday, November 25th. They issued an "outperform" rating for the company. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $86.88.

Nasdaq Stock Performance

Nasdaq stock traded down $1.51 during midday trading on Friday, hitting $74.66. The company's stock had a trading volume of 4,114,424 shares, compared to its average volume of 2,814,568. Nasdaq, Inc. has a 1-year low of $57.96 and a 1-year high of $84.15. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The company has a 50-day moving average price of $79.78 and a two-hundred day moving average price of $77.27. The company has a market cap of $42.94 billion, a price-to-earnings ratio of 38.89, a PEG ratio of 2.12 and a beta of 0.96.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. As a group, sell-side analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq's dividend payout ratio (DPR) is 50.00%.

Insiders Place Their Bets

In other news, EVP Bryan Everard Smith sold 3,500 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the transaction, the executive vice president now directly owns 55,576 shares in the company, valued at approximately $4,532,778.56. The trade was a 5.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate 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.