UMB Bank n.a. Raises Holdings in Nasdaq, Inc. $NDAQ

UMB Bank n.a. raised its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 46.2% during the second quarter, HoldingsChannel reports. The firm owned 1,469 shares of the financial services provider’s stock after purchasing an additional 464 shares during the period. UMB Bank n.a.’s holdings in Nasdaq were worth $131,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Grove Bank & Trust raised its holdings in Nasdaq by 194.6% in the 1st quarter. Grove Bank & Trust now owns 327 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 216 shares during the last quarter. Bruce G. Allen Investments LLC lifted its stake in shares of Nasdaq by 72.7% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 120 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in Nasdaq during the first quarter worth about $26,000. Highline Wealth Partners LLC increased its holdings in Nasdaq by 1,509.5% in the 1st quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 317 shares during the last quarter. Finally, First Command Advisory Services Inc. acquired a new stake in shares of Nasdaq in the first quarter valued at $30,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Down 1.5%

NDAQ stock opened at $87.15 on Thursday. The stock has a market capitalization of $50.01 billion, a PE ratio of 33.52, a price-to-earnings-growth ratio of 1.94 and a beta of 1.02. The company has a fifty day moving average of $93.73 and a 200-day moving average of $84.77. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.96 and a current ratio of 0.96. Nasdaq, Inc. has a one year low of $64.84 and a one year high of $97.63.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.07. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Nasdaq had a net margin of 18.59% and a return on equity of 15.90%. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 earnings per share. As a group, analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, September 12th. Nasdaq’s dividend payout ratio (DPR) is currently 41.54%.

Insider Activity at Nasdaq

In related news, SVP Michelle Lynn Daly sold 8,691 shares of the company’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of $93.45, for a total transaction of $812,173.95. Following the transaction, the senior vice president owned 8,879 shares of the company’s stock, valued at $829,742.55. This represents a 49.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jeremy Skule sold 2,105 shares of the firm’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $95.49, for a total value of $201,006.45. Following the completion of the sale, the executive vice president directly owned 92,551 shares of the company’s stock, valued at approximately $8,837,694.99. This trade represents a 2.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,409 shares of company stock worth $2,223,599 over the last three months. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada increased their target price on shares of Nasdaq from $95.00 to $108.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. UBS Group upgraded shares of Nasdaq from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $95.00 to $115.00 in a research report on Friday, July 25th. Oppenheimer reissued an “outperform” rating and issued a $101.00 price objective (up from $96.00) on shares of Nasdaq in a report on Tuesday, July 15th. Raymond James Financial reaffirmed an “outperform” rating and issued a $96.00 target price (up from $84.00) on shares of Nasdaq in a report on Wednesday, July 9th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Nasdaq in a research note on Friday, July 25th. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $97.06.

Nasdaq Company 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.