Aviance Capital Partners LLC Sells 190 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Aviance Capital Partners LLC reduced its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 2.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 9,170 shares of the financial services provider’s stock after selling 190 shares during the period. Aviance Capital Partners LLC’s holdings in Nasdaq were worth $579,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Salem Investment Counselors Inc. increased its stake in shares of Nasdaq by 89.3% during the first quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 201 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of Nasdaq during the fourth quarter valued at approximately $29,000. Allworth Financial LP increased its stake in shares of Nasdaq by 74.9% during the fourth quarter. Allworth Financial LP now owns 815 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 349 shares in the last quarter. Lindbrook Capital LLC grew its holdings in shares of Nasdaq by 158.5% during the fourth quarter. Lindbrook Capital LLC now owns 902 shares of the financial services provider’s stock valued at $52,000 after buying an additional 553 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Nasdaq during the third quarter valued at approximately $65,000. 72.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NDAQ shares. Rosenblatt Securities downgraded shares of Nasdaq from a “buy” rating to a “neutral” rating and reduced their price target for the company from $76.00 to $64.00 in a research report on Wednesday, May 8th. The Goldman Sachs Group raised shares of Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price target for the company in a research report on Tuesday, March 26th. Barclays reduced their price target on shares of Nasdaq from $76.00 to $73.00 and set an “overweight” rating for the company in a research report on Friday, April 26th. Morgan Stanley raised shares of Nasdaq from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $59.00 to $80.00 in a research report on Tuesday, April 9th. Finally, Edward Jones assumed coverage on shares of Nasdaq in a research report on Wednesday, April 3rd. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $67.00.

Insider Activity at Nasdaq

In related news, EVP Bryan Everard Smith sold 3,036 shares of Nasdaq stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $59.89, for a total transaction of $181,826.04. Following the transaction, the executive vice president now owns 58,636 shares in the company, valued at approximately $3,511,710.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.70% of the stock is owned by corporate insiders.

Nasdaq Stock Performance

Shares of NDAQ stock traded down $0.08 during mid-day trading on Monday, reaching $60.18. 229,590 shares of the company’s stock traded hands, compared to its average volume of 2,887,895. Nasdaq, Inc. has a 12 month low of $46.88 and a 12 month high of $64.25. The firm has a 50 day moving average price of $60.30 and a two-hundred day moving average price of $59.01. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $34.62 billion, a PE ratio of 31.75, a price-to-earnings-growth ratio of 3.27 and a beta of 0.94.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). Nasdaq had a net margin of 15.98% and a return on equity of 17.00%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the firm earned $0.69 EPS. The company’s revenue was up 22.2% on a year-over-year basis. On average, research analysts forecast that Nasdaq, Inc. will post 2.68 EPS for the current year.

Nasdaq Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a dividend of $0.24 per share. This is a boost from Nasdaq’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, June 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.60%. Nasdaq’s payout ratio is 50.53%.

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.