AAFMAA Wealth Management & Trust LLC Reduces Position in Nasdaq, Inc. (NASDAQ:NDAQ)

AAFMAA Wealth Management & Trust LLC trimmed its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 12.9% in the 4th quarter, HoldingsChannel reports. The firm owned 12,294 shares of the financial services provider’s stock after selling 1,828 shares during the period. AAFMAA Wealth Management & Trust LLC’s holdings in Nasdaq were worth $950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of NDAQ. Founders Capital Management purchased a new position in Nasdaq during the fourth quarter valued at approximately $27,000. Catalyst Capital Advisors LLC bought a new stake in shares of Nasdaq during the 3rd quarter valued at $27,000. Claro Advisors LLC purchased a new position in shares of Nasdaq during the 3rd quarter valued at $33,000. Focused Wealth Management Inc bought a new position in Nasdaq in the 3rd quarter worth $35,000. Finally, Peterson Financial Group Inc. purchased a new stake in Nasdaq in the 3rd quarter worth $42,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NDAQ has been the subject of a number of recent analyst reports. Oppenheimer upped their price objective on Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a research note on Monday. Keefe, Bruyette & Woods lifted their price objective on shares of Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Citigroup raised their target price on shares of Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday. Bank of America dropped their price objective on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Finally, UBS Group lifted their target price on Nasdaq from $73.00 to $79.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.73.

Nasdaq Trading Up 0.4 %

NDAQ opened at $76.18 on Tuesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. The stock’s 50 day moving average price is $79.29 and its 200-day moving average price is $73.00. Nasdaq, Inc. has a one year low of $54.90 and a one year high of $83.77. The stock has a market cap of $43.79 billion, a price-to-earnings ratio of 45.62, a P/E/G ratio of 3.12 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.05. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The business’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period last year, the company earned $0.71 earnings per share. On average, equities analysts forecast that Nasdaq, Inc. will post 2.79 EPS for the current year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Friday, December 6th. Nasdaq’s dividend payout ratio (DPR) is presently 57.49%.

Insiders Place Their Bets

In related news, insider Pc Nelson Griggs sold 6,000 shares of Nasdaq stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.71, for a total transaction of $454,260.00. Following the transaction, the insider now directly owns 215,563 shares of the company’s stock, valued at $16,320,274.73. This trade represents a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Jeremy Skule sold 12,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $77.92, for a total value of $935,040.00. Following the sale, the executive vice president now owns 114,580 shares of the company’s stock, valued at approximately $8,928,073.60. This represents a 9.48 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,459 shares of company stock worth $3,811,808. 0.70% of the stock is currently owned by company insiders.

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.