US Bancorp DE Grows Position in Nasdaq, Inc. (NASDAQ:NDAQ)

US Bancorp DE grew its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,159 shares of the financial services provider’s stock after purchasing an additional 821 shares during the quarter. US Bancorp DE’s holdings in Nasdaq were worth $3,646,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Founders Capital Management bought a new position in shares of Nasdaq during the fourth quarter valued at approximately $27,000. Catalyst Capital Advisors LLC purchased a new stake in Nasdaq in the third quarter worth $27,000. Kestra Investment Management LLC purchased a new stake in Nasdaq in the fourth quarter worth $33,000. Raleigh Capital Management Inc. lifted its stake in Nasdaq by 106.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 225 shares during the period. Finally, Focused Wealth Management Inc purchased a new stake in Nasdaq in the third quarter worth $35,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. JPMorgan Chase & Co. raised their price target on Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Barclays dropped their price target on Nasdaq from $96.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Citigroup raised their price target on Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft raised Nasdaq from a “hold” rating to a “buy” rating and raised their price objective for the company from $80.00 to $98.00 in a research report on Wednesday, January 8th. Finally, Oppenheimer raised their price objective on Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Nasdaq presently has an average rating of “Moderate Buy” and an average target price of $86.88.

Insider Buying and Selling

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the sale, the executive vice president now directly owns 55,576 shares in the company, valued at $4,532,778.56. The trade was a 5.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.70% of the stock is owned by corporate insiders.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ opened at $78.80 on Thursday. Nasdaq, Inc. has a 1-year low of $56.75 and a 1-year high of $84.15. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The business has a fifty day moving average price of $79.92 and a 200-day moving average price of $77.13. The company has a market capitalization of $45.32 billion, a PE ratio of 41.04, a PEG ratio of 2.12 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. As a group, equities analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.24 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.22%. Nasdaq’s payout ratio is 50.00%.

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.