First Citizens Bank & Trust Co. Makes New $1.17 Million Investment in Nasdaq, Inc. $NDAQ

First Citizens Bank & Trust Co. bought a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,696 shares of the financial services provider’s stock, valued at approximately $1,168,000.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Nasdaq in the second quarter valued at $2,931,637,000. Bank of America Corp DE bought a new stake in shares of Nasdaq during the 2nd quarter valued at $603,631,000. The Manufacturers Life Insurance Company bought a new stake in shares of Nasdaq during the 2nd quarter valued at $377,818,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Nasdaq by 4.8% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,884,101 shares of the financial services provider’s stock worth $306,145,000 after purchasing an additional 177,114 shares in the last quarter. Finally, Amundi lifted its holdings in Nasdaq by 19.6% during the 1st quarter. Amundi now owns 2,910,390 shares of the financial services provider’s stock worth $247,063,000 after purchasing an additional 476,913 shares in the last quarter. 72.47% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Bradley Peterson sold 13,000 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $92.61, for a total transaction of $1,203,930.00. Following the completion of the transaction, the executive vice president owned 128,293 shares of the company’s stock, valued at approximately $11,881,214.73. The trade was a 9.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nelson Griggs sold 11,010 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $96.35, for a total transaction of $1,060,813.50. Following the completion of the transaction, the insider owned 205,001 shares in the company, valued at approximately $19,751,846.35. This trade represents a 5.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 45,172 shares of company stock worth $4,245,088. 0.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

NDAQ has been the subject of several analyst reports. Zacks Research downgraded Nasdaq from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 21st. Bank of America decreased their price target on Nasdaq from $135.00 to $132.00 and set a “buy” rating on the stock in a research report on Friday, October 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Nasdaq in a report on Monday, July 20th. Keefe, Bruyette & Woods upped their target price on shares of Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a report on Friday, July 24th. Finally, Piper Sandler reissued an “overweight” rating and issued a $108.00 price target (up from $104.00) on shares of Nasdaq in a report on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $108.83.

Nasdaq Price Performance

NASDAQ:NDAQ opened at $93.50 on Friday. The firm has a market capitalization of $52.26 billion, a price-to-earnings ratio of 27.26, a P/E/G ratio of 1.64 and a beta of 0.99. Nasdaq, Inc. has a 52-week low of $76.55 and a 52-week high of $101.79. The stock has a fifty day moving average of $94.69 and a 200 day moving average of $90.59. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 EPS for the quarter, topping the consensus estimate of $0.98 by $0.09. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%. The firm’s revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.85 earnings per share. On average, research analysts expect that Nasdaq, Inc. will post 4.13 EPS for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $1.24 annualized dividend and a dividend yield of 1.3%. Nasdaq’s dividend payout ratio (DPR) is presently 36.15%.

Key Headlines Impacting Nasdaq

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: LeveL Markets acquisition expands Nasdaq’s trading reach. Nasdaq completed its acquisition of LeveL Markets, one of the largest U.S. alternative trading systems. The deal adds liquidity and supports Nasdaq’s “always-on” trading strategy, potentially creating new revenue opportunities across trading, market data and infrastructure. Nasdaq Completes Acquisition of LeveL Markets, Advancing its Always-On Vision
• Positive Sentiment: Analyst support and earnings optimism remain catalysts. J.P. Morgan maintains a Buy view, while Deutsche Bank raised its price target to $116. The consensus rating remains “Moderate Buy,” with an average target of $108.83. Ahead of next week’s earnings report, analysts expect growth, supported by Nasdaq’s recurring data, technology and market-services revenue. Nasdaq Earnings Expected to Grow
• Positive Sentiment: Index and data businesses are showing momentum. Index revenue growth accelerated to 38% year over year in the second quarter from 14% in the first quarter, and broader industry trends—including crypto adoption and technology investment—could support non-trading revenue. Can Nasdaq Index Growth Hold Up Without a Rising Market?
• Neutral Sentiment: Temporary network disruption resolved. Nasdaq said it resolved a network issue that affected some equities markets. The limited outage could raise reliability concerns, but its resolution reduces the immediate operational risk. Nasdaq Resolves Network Disruption
• Negative Sentiment: Valuation and competition remain risks. Commentary argues the stock may look expensive if index growth depends heavily on rising markets and asset inflows. Competition across exchanges and a Wells Fargo Hold rating also temper the bullish outlook. An executive’s sale of 1,125 shares is a minor additional negative signal, although the executive retained a substantial stake. Nasdaq Stock Looks Pricey

Nasdaq Profile

Nasdaq, Inc is a global financial technology, market infrastructure and exchange company headquartered in New York City. The company operates Nasdaq stock exchanges in the United States and provides trading, clearing, settlement, listing and market data services. Through its Nordic and Baltic operations, Nasdaq also serves financial markets across Northern Europe.

Nasdaq’s business includes exchange and market services, index development, investment intelligence, and technology solutions for exchanges, brokers, banks, asset managers and other financial institutions.