KBC Group NV Has $8.20 Million Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

KBC Group NV cut its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 4.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 106,101 shares of the financial services provider's stock after selling 4,703 shares during the quarter. KBC Group NV's holdings in Nasdaq were worth $8,203,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Founders Capital Management bought a new position in shares of Nasdaq in the fourth quarter valued at about $27,000. Catalyst Capital Advisors LLC acquired a new stake in Nasdaq during the third quarter worth approximately $27,000. Raleigh Capital Management Inc. boosted its holdings in shares of Nasdaq by 106.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider's stock worth $34,000 after acquiring an additional 225 shares during the period. Claro Advisors LLC acquired a new position in shares of Nasdaq in the third quarter valued at approximately $33,000. Finally, Focused Wealth Management Inc bought a new position in shares of Nasdaq during the third quarter worth approximately $35,000. Institutional investors and hedge funds own 72.47% of the company's stock.

Nasdaq Trading Up 0.4 %

NASDAQ:NDAQ traded up $0.29 during mid-day trading on Thursday, hitting $82.02. 1,545,020 shares of the company's stock were exchanged, compared to its average volume of 2,774,262. Nasdaq, Inc. has a fifty-two week low of $54.90 and a fifty-two week high of $83.77. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $47.14 billion, a P/E ratio of 49.16, a PEG ratio of 2.77 and a beta of 0.98. The company has a 50 day simple moving average of $79.50 and a 200-day simple moving average of $74.51.

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 13.67% and a return on equity of 14.56%. As a group, research analysts expect that Nasdaq, Inc. will post 2.81 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.17%. Nasdaq's dividend payout ratio (DPR) is 57.49%.

Analyst Upgrades and Downgrades

NDAQ has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft raised Nasdaq from a "hold" rating to a "buy" rating and upped their price objective for the company from $80.00 to $98.00 in a report on Wednesday, January 8th. Morgan Stanley lifted their price objective on shares of Nasdaq from $92.00 to $93.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. Citigroup raised their target price on shares of Nasdaq from $78.00 to $84.00 and gave the stock a "neutral" rating in a report on Friday, January 10th. Oppenheimer increased their target price on Nasdaq from $86.00 to $89.00 and gave the stock an "outperform" rating in a report on Monday, January 13th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $95.00 price objective on shares of Nasdaq in a research report on Thursday. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $86.25.

Insider Activity at Nasdaq

In related news, EVP Jeremy Skule sold 12,000 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $77.92, for a total transaction of $935,040.00. Following the transaction, the executive vice president now owns 114,580 shares in the company, valued at $8,928,073.60. The trade was a 9.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Pc Nelson Griggs sold 5,742 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total transaction of $444,086.28. Following the completion of the sale, the insider now owns 205,821 shares of the company's stock, valued at $15,918,196.14. The trade was a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,817 shares of company stock worth $2,330,033 over the last ninety days. 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.