Tobam Decreases Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Tobam cut its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 81.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,646 shares of the financial services provider's stock after selling 7,070 shares during the quarter. Tobam's holdings in Nasdaq were worth $127,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Citizens Financial Group Inc. RI grew its stake in shares of Nasdaq by 3.6% during the third quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider's stock worth $290,000 after acquiring an additional 137 shares during the last quarter. First Pacific Financial boosted 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. Harbor Capital Advisors Inc. grew its position in Nasdaq by 1.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider's stock worth $759,000 after purchasing an additional 148 shares during the last quarter. Brooklyn Investment Group increased its stake in Nasdaq by 8.5% during the 4th 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 raised its holdings in shares of Nasdaq by 4.2% in the third quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider's stock worth $268,000 after buying an additional 149 shares during the last quarter. 72.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NDAQ shares. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $95.00 price objective on shares of Nasdaq in a report on Thursday, January 30th. Keefe, Bruyette & Woods upped their price target on shares of Nasdaq from $86.00 to $91.00 and gave the company an "outperform" rating in a report on Friday, December 20th. Raymond James lifted their price objective on Nasdaq from $83.00 to $84.00 and gave the company an "outperform" rating in a research note on Thursday, January 9th. Citigroup upped their target price on Nasdaq from $78.00 to $84.00 and gave the stock a "neutral" rating in a research note on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a "hold" rating to a "buy" rating and lifted their price target for the company from $80.00 to $98.00 in a research report on Wednesday, January 8th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $86.88.

Insider Activity at Nasdaq

In related news, EVP Jeremy Skule sold 12,075 shares of the business's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $78.75, for a total value of $950,906.25. Following the sale, the executive vice president now owns 102,505 shares in the company, valued at approximately $8,072,268.75. The trade was a 10.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following 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 disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

Nasdaq Trading Down 1.1 %

Shares of Nasdaq stock traded down $0.92 during mid-day trading on Tuesday, hitting $80.29. The stock had a trading volume of 2,497,939 shares, compared to its average volume of 2,840,581. The firm has a 50-day moving average of $79.53 and a two-hundred day moving average of $75.75. The firm has a market cap of $46.15 billion, a P/E ratio of 41.82, a price-to-earnings-growth ratio of 2.15 and a beta of 0.99. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. Nasdaq, Inc. has a 12-month low of $54.90 and a 12-month high of $84.15.

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 return on equity of 14.82% and a net margin of 15.10%. Sell-side analysts forecast that Nasdaq, Inc. will post 3.17 earnings per share for the current year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors 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 1.20%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq's payout ratio is 50.00%.

Nasdaq 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.