Wesbanco Bank Inc. Invests $204,000 in Nasdaq, Inc. (NASDAQ:NDAQ)

Wesbanco Bank Inc. purchased a new position in Nasdaq, Inc. (NASDAQ:NDAQ) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,642 shares of the financial services provider’s stock, valued at approximately $204,000.

A number of other hedge funds have also modified their holdings of NDAQ. Catalyst Capital Advisors LLC acquired a new position in shares of Nasdaq in the third quarter worth $27,000. Founders Capital Management acquired a new position in Nasdaq during the fourth quarter worth $27,000. Claro Advisors LLC acquired a new position in Nasdaq during the third quarter worth $33,000. Focused Wealth Management Inc acquired a new position in Nasdaq during the third quarter worth $35,000. Finally, Peterson Financial Group Inc. acquired a new position in Nasdaq during the third quarter worth $42,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on NDAQ. Argus increased their target price on shares of Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Barclays lowered their target price on shares of Nasdaq from $97.00 to $96.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Piper Sandler increased their target price on shares of Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. 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 report on Thursday, January 9th. Finally, The Goldman Sachs Group upped their price target on shares of Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.73.

Nasdaq Stock Up 0.1 %

NASDAQ NDAQ opened at $81.15 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a 50-day simple moving average of $79.41 and a 200 day simple moving average of $74.01. Nasdaq, Inc. has a twelve month low of $54.90 and a twelve month high of $83.77. The stock has a market cap of $46.64 billion, a PE ratio of 48.59, a PEG ratio of 2.77 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the company earned $0.71 earnings per share. The firm’s revenue was up 21.9% on a year-over-year basis. On average, research analysts forecast that Nasdaq, Inc. will post 2.81 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Friday, December 6th. Nasdaq’s dividend payout ratio is 57.49%.

Insiders Place Their Bets

In other Nasdaq news, EVP Jeremy Skule sold 12,075 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $78.75, for a total transaction of $950,906.25. Following the completion of the transaction, the executive vice president now owns 102,505 shares in the company, valued at $8,072,268.75. This trade represents a 10.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Bradley J. Peterson sold 13,642 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the transaction, the executive vice president now owns 142,830 shares of the company’s stock, valued at approximately $10,757,955.60. This represents a 8.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 49,459 shares of company stock worth $3,811,808 over the last quarter. Company insiders own 0.70% of the company’s stock.

About Nasdaq

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.