AAFMAA Wealth Management & Trust LLC Lowers Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

AAFMAA Wealth Management & Trust LLC reduced its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 12.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,294 shares of the financial services provider’s stock after selling 1,828 shares during the quarter. AAFMAA Wealth Management & Trust LLC’s holdings in Nasdaq were worth $950,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

NDAQ has been the subject of several recent research reports. TD Cowen lowered their price objective on Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, October 28th. Citigroup upped their price target on shares of Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a report on Friday. Barclays decreased their price objective on shares of Nasdaq from $97.00 to $96.00 and set an “overweight” rating on the stock in a research report on Monday. Raymond James raised their target price on Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. Finally, StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a research report on Saturday, December 14th. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $85.73.

Nasdaq Price Performance

Shares of NASDAQ 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 company has a 50 day simple moving average of $79.29 and a two-hundred day simple moving average of $73.00. Nasdaq, Inc. has a fifty-two week low of $54.90 and a fifty-two week high of $83.77. The company has a market capitalization 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 EPS for the quarter, topping the consensus estimate of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 21.9% compared to the same quarter last year. Analysts expect that Nasdaq, Inc. will post 2.79 EPS for the current fiscal year.

Nasdaq Dividend Announcement

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

Insider Transactions at Nasdaq

In related news, EVP Bradley J. Peterson sold 13,642 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the transaction, the executive vice president now owns 142,830 shares in the company, valued at $10,757,955.60. This represents a 8.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeremy Skule sold 12,000 shares of Nasdaq stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $77.92, for a total transaction of $935,040.00. Following the completion of the sale, the executive vice president now directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,459 shares of company stock worth $3,811,808. Corporate insiders own 0.70% of the company’s stock.

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.