Nasdaq, Inc. (NASDAQ:NDAQ) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank raised its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 223,793 shares of the financial services provider’s stock after acquiring an additional 16,471 shares during the period. Toronto Dominion Bank’s holdings in Nasdaq were worth $17,301,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in NDAQ. Allworth Financial LP lifted its position in Nasdaq by 12.3% during 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 during the period. Crestwood Advisors Group LLC lifted its holdings in shares of Nasdaq by 4.1% in the 4th quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider’s stock valued at $295,000 after buying an additional 152 shares during the period. Laird Norton Wetherby Wealth Management LLC boosted its stake in shares of Nasdaq by 1.0% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,303 shares of the financial services provider’s stock worth $1,260,000 after buying an additional 157 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in Nasdaq by 4.2% during the fourth quarter. Gamco Investors INC. ET AL now owns 4,103 shares of the financial services provider’s stock worth $317,000 after acquiring an additional 164 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in Nasdaq by 10.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,048 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 192 shares in the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NDAQ. JPMorgan Chase & Co. raised their price objective on shares of Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Barclays dropped their price target on shares of Nasdaq from $86.00 to $84.00 and set an “overweight” rating on the stock in a research report on Friday, April 25th. Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 price objective on shares of Nasdaq in a research report on Thursday, April 10th. Citigroup dropped their target price on Nasdaq from $84.00 to $75.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods upped their price target on Nasdaq from $87.00 to $88.00 and gave the stock an “outperform” rating in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Nasdaq presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.50.

Insider Activity

In related news, EVP Sarah Youngwood sold 14,959 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the sale, the executive vice president now directly owns 59,694 shares in the company, valued at approximately $4,398,253.92. This trade represents a 20.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Bryan Everard Smith sold 657 shares of Nasdaq stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $71.81, for a total transaction of $47,179.17. Following the transaction, the executive vice president now directly owns 61,980 shares in the company, valued at $4,450,783.80. This trade represents a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Trading Up 0.1%

NDAQ opened at $81.96 on Tuesday. The firm has a market capitalization of $47.06 billion, a price-to-earnings ratio of 42.69, a price-to-earnings-growth ratio of 2.12 and a beta of 1.00. The company’s 50 day simple moving average is $75.18 and its two-hundred day simple moving average is $78.02. Nasdaq, Inc. has a 1-year low of $58.28 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.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.79 EPS for the quarter, beating the consensus estimate of $0.77 by $0.02. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 earnings per share. Analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, June 13th. This is a positive change from Nasdaq’s previous quarterly dividend of $0.24. Nasdaq’s payout ratio is currently 49.09%.

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.