KBC Group NV Buys 6,851 Shares of Nasdaq, Inc. $NDAQ

KBC Group NV grew its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 4.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 153,924 shares of the financial services provider’s stock after buying an additional 6,851 shares during the quarter. KBC Group NV’s holdings in Nasdaq were worth $13,067,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. MV Capital Management Inc. bought a new stake in Nasdaq in the 4th quarter valued at $28,000. SOA Wealth Advisors LLC. bought a new position in Nasdaq during the 4th quarter worth about $34,000. Nemes Rush Group LLC bought a new position in Nasdaq during the 4th quarter worth about $35,000. Uniplan Investment Counsel Inc. acquired a new stake in shares of Nasdaq in the 4th quarter valued at about $35,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in shares of Nasdaq in the 4th quarter valued at about $37,000. Institutional investors own 72.47% of the company’s stock.

Nasdaq Trading Down 1.8%

Nasdaq stock opened at $90.24 on Wednesday. The firm has a 50-day moving average of $87.41 and a 200-day moving average of $88.58. Nasdaq, Inc. has a one year low of $76.55 and a one year high of $101.79. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $51.03 billion, a price-to-earnings ratio of 27.18, a P/E/G ratio of 1.47 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Nasdaq had a return on equity of 17.51% and a net margin of 23.15%.Nasdaq’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.79 EPS. On average, equities analysts expect that Nasdaq, Inc. will post 3.92 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were paid a $0.31 dividend. This is a positive change from Nasdaq’s previous quarterly dividend of $0.27. This represents a $1.24 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, June 12th. Nasdaq’s dividend payout ratio is 37.35%.

Insider Buying and Selling

In other Nasdaq news, insider Cohen Tal sold 15,518 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $90.75, for a total transaction of $1,408,258.50. Following the transaction, the insider owned 215,208 shares of the company’s stock, valued at $19,530,126. The trade was a 6.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Bradley J. Peterson sold 7,710 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $90.82, for a total value of $700,222.20. Following the transaction, the executive vice president directly owned 141,035 shares in the company, valued at $12,808,798.70. This trade represents a 5.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 24,551 shares of company stock valued at $2,225,990 in the last ninety days. 0.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NDAQ has been the topic of a number of research reports. Weiss Ratings restated a “buy (b)” rating on shares of Nasdaq in a report on Wednesday, April 22nd. Loop Capital set a $113.00 price objective on Nasdaq in a report on Friday, April 24th. Raymond James Financial reissued an “outperform” rating and issued a $113.00 target price (up from $111.00) on shares of Nasdaq in a research report on Thursday, July 9th. Wall Street Zen upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Finally, Rothschild & Co Redburn set a $110.00 price target on Nasdaq in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $108.00.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.