Exxonmobil Investment Management Inc. TX Reduces Stake in Nasdaq Inc (NASDAQ:NDAQ)

Exxonmobil Investment Management Inc. TX reduced its position in shares of Nasdaq Inc (NASDAQ:NDAQ) by 13.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,501 shares of the financial services provider’s stock after selling 2,821 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Nasdaq were worth $1,421,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in NDAQ. YorkBridge Wealth Partners LLC increased its holdings in shares of Nasdaq by 13.9% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock worth $104,000 after buying an additional 178 shares in the last quarter. Invictus RG acquired a new position in shares of Nasdaq during the third quarter worth $111,000. Conning Inc. acquired a new position in shares of Nasdaq during the third quarter worth $200,000. MML Investors Services LLC acquired a new position in shares of Nasdaq during the second quarter worth $201,000. Finally, Beaton Management Co. Inc. acquired a new position in shares of Nasdaq during the third quarter worth $202,000. Institutional investors and hedge funds own 76.11% of the company’s stock.

In other Nasdaq news, insider Bradley J. Peterson sold 19,169 shares of the company’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $80.70, for a total transaction of $1,546,938.30. Following the sale, the insider now owns 32,214 shares of the company’s stock, valued at $2,599,669.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charlene T. Begley sold 4,017 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $81.37, for a total transaction of $326,863.29. The disclosure for this sale can be found here. Insiders have sold 33,097 shares of company stock worth $2,657,090 in the last ninety days. Insiders own 1.60% of the company’s stock.

Several brokerages have recently issued reports on NDAQ. Bank of America upped their price target on shares of Nasdaq from $79.00 to $82.00 and gave the stock an “underperform” rating in a report on Thursday, February 1st. BidaskClub downgraded shares of Nasdaq from a “buy” rating to a “hold” rating in a report on Friday, January 19th. Zacks Investment Research downgraded shares of Nasdaq from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Royal Bank of Canada set a $78.00 price target on shares of Nasdaq and gave the stock a “hold” rating in a report on Monday, October 16th. Finally, Jefferies Group reissued a “hold” rating and issued a $83.50 price objective on shares of Nasdaq in a research note on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $81.86.

Shares of Nasdaq Inc (NASDAQ:NDAQ) traded up $0.90 during trading on Friday, hitting $76.11. 1,647,379 shares of the company traded hands, compared to its average volume of 1,166,533. The company has a current ratio of 1.05, a quick ratio of 1.15 and a debt-to-equity ratio of 0.63. Nasdaq Inc has a one year low of $65.98 and a one year high of $83.29. The company has a market capitalization of $12,530.00, a PE ratio of 17.62, a price-to-earnings-growth ratio of 1.66 and a beta of 0.71.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.05. Nasdaq had a net margin of 18.49% and a return on equity of 12.75%. The company had revenue of $635.00 million for the quarter, compared to analysts’ expectations of $628.36 million. During the same quarter in the previous year, the firm posted $0.95 earnings per share. Nasdaq’s revenue for the quarter was up 6.0% on a year-over-year basis. equities research analysts anticipate that Nasdaq Inc will post 4.8 EPS for the current year.

Nasdaq declared that its Board of Directors has authorized a stock repurchase plan on Monday, January 29th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, March 15th. This represents a $1.52 dividend on an annualized basis and a yield of 2.00%. Nasdaq’s dividend payout ratio (DPR) is currently 35.19%.

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Nasdaq Profile

Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.

Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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