M&T Bank Corp Grows Position in Nasdaq, Inc. (NASDAQ:NDAQ)

M&T Bank Corp lifted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 17.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,054 shares of the financial services provider's stock after buying an additional 7,354 shares during the quarter. M&T Bank Corp's holdings in Nasdaq were worth $3,654,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in NDAQ. Y.D. More Investments Ltd increased its position in shares of Nasdaq by 94.8% during the second quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider's stock worth $25,000 after purchasing an additional 202 shares in the last quarter. Hobbs Group Advisors LLC purchased a new stake in shares of Nasdaq during the second quarter worth $26,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Nasdaq in the third quarter valued at about $27,000. Crewe Advisors LLC lifted its stake in shares of Nasdaq by 164.4% in the second quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider's stock worth $30,000 after buying an additional 314 shares in the last quarter. Finally, Claro Advisors LLC acquired a new position in Nasdaq during the third quarter worth about $33,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Jeremy Skule sold 12,075 shares of the company's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $78.75, for a total transaction of $950,906.25. Following the completion of the transaction, the executive vice president now directly owns 102,505 shares of the company's stock, valued at approximately $8,072,268.75. This represents a 10.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Bradley J. Peterson sold 13,642 shares of the firm's stock in a transaction dated 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 directly owns 142,830 shares in the company, valued at $10,757,955.60. This trade represents a 8.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,459 shares of company stock worth $3,811,808 in the last 90 days. Corporate insiders own 0.70% of the company's stock.

Nasdaq Stock Down 0.9 %

Shares of NDAQ stock traded down $0.75 during trading on Friday, reaching $80.12. The company's stock had a trading volume of 1,890,505 shares, compared to its average volume of 2,849,274. The company has a market capitalization of $46.05 billion, a price-to-earnings ratio of 47.98, a P/E/G ratio of 3.17 and a beta of 0.97. Nasdaq, Inc. has a 1-year low of $54.54 and a 1-year high of $83.77. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. The stock's 50-day moving average price is $77.59 and its 200 day moving average price is $70.12.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.05. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The company's revenue was up 21.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 earnings per share. On average, research analysts anticipate that Nasdaq, Inc. will post 2.79 EPS for the current year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th 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 1.20%. The ex-dividend date is Friday, December 6th. Nasdaq's dividend payout ratio is presently 57.49%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on NDAQ shares. StockNews.com lowered Nasdaq from a "hold" rating to a "sell" rating in a research report on Friday, December 6th. William Blair assumed coverage on Nasdaq in a research note on Monday, November 25th. They issued an "outperform" rating for the company. Barclays lifted their price target on Nasdaq from $87.00 to $97.00 and gave the stock an "overweight" rating in a report on Monday. Morgan Stanley upped their price objective on Nasdaq from $92.00 to $93.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Finally, UBS Group raised their target price on Nasdaq from $73.00 to $79.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $81.53.

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.