Huntington National Bank Sells 1,361 Shares of Nasdaq Inc (NASDAQ:NDAQ)

Huntington National Bank reduced its stake in Nasdaq Inc (NASDAQ:NDAQ) by 9.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,434 shares of the financial services provider’s stock after selling 1,361 shares during the period. Huntington National Bank’s holdings in Nasdaq were worth $1,605,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Guggenheim Capital LLC lifted its holdings in Nasdaq by 1.6% during the fourth quarter. Guggenheim Capital LLC now owns 61,699 shares of the financial services provider’s stock worth $6,608,000 after acquiring an additional 991 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Nasdaq by 12.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,249 shares of the financial services provider’s stock worth $445,000 after acquiring an additional 455 shares in the last quarter. Man Group plc lifted its holdings in Nasdaq by 5.8% during the fourth quarter. Man Group plc now owns 49,532 shares of the financial services provider’s stock worth $5,305,000 after acquiring an additional 2,711 shares in the last quarter. Verus Capital Partners LLC bought a new position in Nasdaq during the fourth quarter worth about $28,000. Finally, Norges Bank bought a new position in Nasdaq during the fourth quarter worth about $124,492,000. Institutional investors and hedge funds own 74.86% of the company’s stock.

In other Nasdaq news, EVP Bradley J. Peterson sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $118.42, for a total transaction of $355,260.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Lars Ottersgard sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $119.82, for a total value of $419,370.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,026 shares of company stock worth $1,325,472. Company insiders own 0.60% of the company’s stock.

Several research firms have issued reports on NDAQ. Wells Fargo & Co lifted their price target on Nasdaq from $115.00 to $135.00 and gave the company an “overweight” rating in a research note on Friday, July 10th. Oppenheimer began coverage on Nasdaq in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $141.00 price target on the stock. Zacks Investment Research downgraded Nasdaq from a “buy” rating to a “hold” rating and set a $121.00 price target on the stock. in a research note on Tuesday, May 26th. Argus downgraded Nasdaq from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research note on Thursday, July 23rd. They noted that the move was a valuation call. Finally, Raymond James downgraded Nasdaq from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 21st. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $126.09.

Shares of NASDAQ:NDAQ traded up $1.41 during midday trading on Friday, reaching $131.31. The company had a trading volume of 611,859 shares, compared to its average volume of 654,832. The company has a quick ratio of 0.97, a current ratio of 1.11 and a debt-to-equity ratio of 0.67. The business’s 50 day moving average price is $122.60 and its 200 day moving average price is $111.71. The stock has a market cap of $21.54 billion, a PE ratio of 27.47, a P/E/G ratio of 2.61 and a beta of 0.74. Nasdaq Inc has a 1-year low of $71.66 and a 1-year high of $135.51.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, July 22nd. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.09. The business had revenue of $699.00 million for the quarter, compared to the consensus estimate of $686.79 million. Nasdaq had a return on equity of 16.89% and a net margin of 16.21%. During the same quarter in the previous year, the business earned $1.22 earnings per share. On average, research analysts expect that Nasdaq Inc will post 5.86 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Thursday, September 10th. Nasdaq’s dividend payout ratio (DPR) is presently 39.20%.

About Nasdaq

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

Further Reading: What is required to own or exchange cryptocurrency?

Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

Receive News & Ratings for Nasdaq Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq and related companies with MarketBeat.com's FREE daily email newsletter.