KBC Group NV Acquires 4,296 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

KBC Group NV increased its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 4.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 110,804 shares of the financial services provider’s stock after acquiring an additional 4,296 shares during the period. KBC Group NV’s holdings in Nasdaq were worth $8,090,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. 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 during the period. Crestwood Advisors Group LLC boosted its position in shares of Nasdaq by 4.2% during the third quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 149 shares during the last quarter. Signaturefd LLC grew its stake in Nasdaq by 2.5% during the third quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider’s stock valued at $481,000 after acquiring an additional 162 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in Nasdaq by 5.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 3,826 shares of the financial services provider’s stock valued at $231,000 after acquiring an additional 197 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in Nasdaq by 0.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 32,647 shares of the financial services provider’s stock worth $1,967,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Analyst Ratings Changes

NDAQ has been the topic of several research reports. Piper Sandler lifted their target price on Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. The Goldman Sachs Group lifted their price objective on Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. TD Cowen cut their target price on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a report on Monday, October 28th. Morgan Stanley upped their price target on shares of Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, 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 research note on Thursday, October 3rd. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Nasdaq has a consensus rating of “Moderate Buy” and a consensus price target of $80.87.

Nasdaq Stock Up 0.9 %

Shares of NDAQ opened at $78.76 on Friday. The firm has a market capitalization of $45.27 billion, a P/E ratio of 47.16, a P/E/G ratio of 3.12 and a beta of 0.95. Nasdaq, Inc. has a 12-month low of $53.36 and a 12-month high of $80.77. The firm has a fifty day moving average price of $74.28 and a 200-day moving average price of $67.40. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.05. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The firm’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 EPS. Equities research analysts expect that Nasdaq, Inc. will post 2.78 earnings per share for the current year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, December 6th. This represents a $0.96 annualized dividend and a yield of 1.22%. Nasdaq’s payout ratio is currently 57.49%.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $77.92, for a total transaction of $935,040.00. Following the transaction, the executive vice president now owns 114,580 shares of the company’s stock, valued at approximately $8,928,073.60. This trade represents a 9.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Pc Nelson Griggs sold 6,000 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.71, for a total transaction of $454,260.00. Following the completion of the sale, the insider now owns 215,563 shares of the company’s stock, valued at approximately $16,320,274.73. This represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,384 shares of company stock valued at $2,860,902 in the last ninety days. Corporate insiders own 0.70% of the company’s stock.

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.