Wesbanco Bank Inc. Takes $204,000 Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Wesbanco Bank Inc. bought a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,642 shares of the financial services provider’s stock, valued at approximately $204,000.

Several other institutional investors also recently made changes to their positions in the stock. Founders Capital Management bought a new position in Nasdaq in the 4th quarter worth approximately $27,000. Catalyst Capital Advisors LLC bought a new position in Nasdaq in the 3rd quarter worth approximately $27,000. Claro Advisors LLC bought a new position in Nasdaq in the 3rd quarter worth approximately $33,000. Focused Wealth Management Inc bought a new position in Nasdaq in the 3rd quarter worth approximately $35,000. Finally, Peterson Financial Group Inc. bought a new position in Nasdaq in the 3rd quarter worth approximately $42,000. 72.47% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Pc Nelson Griggs sold 6,000 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $75.71, for a total value of $454,260.00. Following the completion of the sale, the insider now owns 215,563 shares in the company, valued at $16,320,274.73. This represents a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jeremy Skule sold 12,075 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $78.75, for a total transaction of $950,906.25. Following the completion of the transaction, the executive vice president now directly owns 102,505 shares in the company, valued at $8,072,268.75. This trade represents a 10.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,459 shares of company stock worth $3,811,808 over the last quarter. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ opened at $81.15 on Friday. Nasdaq, Inc. has a one year low of $54.90 and a one year high of $83.77. The stock has a fifty day moving average of $79.41 and a 200-day moving average of $74.01. The company has a market capitalization of $46.64 billion, a PE ratio of 48.59, a price-to-earnings-growth ratio of 2.77 and a beta of 0.98. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 earnings per share. As a group, equities analysts anticipate that Nasdaq, Inc. will post 2.81 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a $0.24 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.18%. Nasdaq’s payout ratio is currently 57.49%.

Analyst Upgrades and Downgrades

NDAQ has been the subject of a number of recent analyst reports. Piper Sandler increased 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. Raymond James increased their price objective on Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. TD Cowen cut their target price on Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, October 28th. UBS Group upped their target price on Nasdaq from $73.00 to $79.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods upped their target price on Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $85.73.

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.