UMB Bank n.a. Has $36,000 Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

UMB Bank n.a. lifted its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 241.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 591 shares of the financial services provider’s stock after buying an additional 418 shares during the period. UMB Bank n.a.’s holdings in Nasdaq were worth $36,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its holdings in Nasdaq by 7.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 240,851 shares of the financial services provider’s stock valued at $15,198,000 after purchasing an additional 16,797 shares in the last quarter. Kingsview Wealth Management LLC acquired a new stake in Nasdaq during the 4th quarter valued at $1,949,000. SG Americas Securities LLC increased its holdings in Nasdaq by 312.0% during the 1st quarter. SG Americas Securities LLC now owns 183,849 shares of the financial services provider’s stock valued at $11,601,000 after purchasing an additional 139,228 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Nasdaq by 12.8% during the 4th quarter. BNP Paribas Financial Markets now owns 415,101 shares of the financial services provider’s stock valued at $24,134,000 after purchasing an additional 46,957 shares in the last quarter. Finally, Quantbot Technologies LP increased its holdings in Nasdaq by 237.3% during the 1st quarter. Quantbot Technologies LP now owns 30,845 shares of the financial services provider’s stock valued at $1,946,000 after purchasing an additional 21,699 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Nasdaq news, major shareholder Seller Lp Argus sold 42,804,207 shares of Nasdaq stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the transaction, the insider now directly owns 42,804,207 shares in the company, valued at $2,764,295,688.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Barclays raised their price target on Nasdaq from $74.00 to $77.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft increased their price objective on Nasdaq from $66.00 to $72.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. Oppenheimer increased their price objective on Nasdaq from $72.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. 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. Finally, Argus increased their price objective on Nasdaq from $64.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $68.54.

Nasdaq Stock Up 1.3 %

NASDAQ:NDAQ opened at $72.08 on Friday. Nasdaq, Inc. has a 12-month low of $46.88 and a 12-month high of $72.14. The company has a quick ratio of 0.99, a current ratio of 0.94 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $41.46 billion, a P/E ratio of 37.94, a P/E/G ratio of 2.72 and a beta of 0.94. The stock’s fifty day simple moving average is $65.43 and its 200-day simple moving average is $61.85.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 earnings per share. Equities research analysts expect that Nasdaq, Inc. will post 2.73 earnings per share for the current year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, September 13th. This represents a $0.96 annualized dividend and a yield of 1.33%. Nasdaq’s dividend payout ratio is presently 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.