Huntington National Bank Sells 1,236 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Huntington National Bank trimmed its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 5.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,479 shares of the financial services provider’s stock after selling 1,236 shares during the quarter. Huntington National Bank’s holdings in Nasdaq were worth $1,641,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. First Pacific Financial increased its holdings in Nasdaq by 1.0% during the 3rd quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock valued at $1,011,000 after purchasing an additional 142 shares in the last quarter. Crestwood Advisors Group LLC increased its stake in shares of Nasdaq by 4.2% in the third quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider’s stock valued at $268,000 after buying an additional 149 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Nasdaq by 2.5% in the third quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider’s stock valued at $481,000 after buying an additional 162 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in shares of Nasdaq by 5.4% in the second quarter. Evergreen Capital Management LLC now owns 3,826 shares of the financial services provider’s stock valued at $231,000 after buying an additional 197 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in Nasdaq by 0.6% during 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 buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Price Performance

NDAQ opened at $78.76 on Friday. The stock has a market cap 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 company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. The company has a fifty day simple moving average of $74.28 and a 200 day simple moving average of $67.35.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the firm posted $0.71 earnings per share. Nasdaq’s revenue was up 21.9% compared to the same quarter last year. On average, research analysts expect that Nasdaq, Inc. will post 2.78 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq’s dividend payout ratio (DPR) is presently 57.49%.

Insider Transactions at Nasdaq

In other Nasdaq news, insider Pc Nelson Griggs sold 5,742 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total value of $444,086.28. Following the sale, the insider now owns 205,821 shares in the company, valued at approximately $15,918,196.14. The trade was a 2.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Bradley J. Peterson sold 13,642 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.32, for a total value of $1,027,515.44. Following the transaction, the executive vice president now directly owns 142,830 shares of the company’s stock, valued at approximately $10,757,955.60. This trade represents a 8.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,384 shares of company stock valued at $2,860,902 over the last quarter. Corporate insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on NDAQ shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Nasdaq from $78.00 to $80.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods increased their price objective on Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Bank of America dropped their target price on Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. The Goldman Sachs Group raised their price target on Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, Piper Sandler boosted their price objective on Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.87.

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.