M&T Bank Corp Decreases Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

M&T Bank Corp lessened its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 0.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 49,874 shares of the financial services provider’s stock after selling 180 shares during the quarter. M&T Bank Corp’s holdings in Nasdaq were worth $3,856,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its holdings in shares of Nasdaq by 12.2% during the third quarter. Janney Montgomery Scott LLC now owns 42,828 shares of the financial services provider’s stock worth $3,127,000 after buying an additional 4,651 shares in the last quarter. AIA Group Ltd grew its holdings in Nasdaq by 8.8% in the 3rd quarter. AIA Group Ltd now owns 33,400 shares of the financial services provider’s stock valued at $2,439,000 after buying an additional 2,700 shares in the last quarter. Hollencrest Capital Management increased its stake in shares of Nasdaq by 21.6% in the 3rd quarter. Hollencrest Capital Management now owns 1,126 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 200 shares during the last quarter. Equitable Trust Co. acquired a new stake in shares of Nasdaq in the 3rd quarter worth $206,000. Finally, First Fiduciary Investment Counsel Inc. raised its holdings in shares of Nasdaq by 3.9% during the 3rd quarter. First Fiduciary Investment Counsel Inc. now owns 163,035 shares of the financial services provider’s stock worth $11,903,000 after acquiring an additional 6,123 shares during the period. 72.47% of the stock is owned by hedge funds and other institutional investors.

Nasdaq Price Performance

NDAQ stock opened at $74.66 on Friday. The stock has a market cap of $42.94 billion, a price-to-earnings ratio of 38.89, a PEG ratio of 2.12 and a beta of 0.96. Nasdaq, Inc. has a fifty-two week low of $57.96 and a fifty-two week high of $84.15. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The business has a 50 day moving average price of $79.78 and a 200 day moving average price of $77.22.

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

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.29%. Nasdaq’s dividend payout ratio (DPR) is presently 50.00%.

Insider Buying and Selling at Nasdaq

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NDAQ. Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a “hold” rating to a “buy” rating and lifted their target price for the stock from $80.00 to $98.00 in a research note on Wednesday, January 8th. Oppenheimer boosted their price objective on shares of Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a report on Monday, January 13th. Raymond James increased their target price on shares of Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Saturday, December 14th. Finally, UBS Group increased their price target on shares of Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $86.88.

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.