Insider Selling: NASDAQ OMX Group CEO Unloads $2,619,000 in Stock (NDAQ)
NASDAQ OMX Group (NASDAQ:NDAQ) CEO Robert Greifeld unloaded 60,000 shares of NASDAQ OMX Group stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $43.65, for a total transaction of $2,619,000.00. Following the sale, the chief executive officer now directly owns 844,551 shares of the company’s stock, valued at approximately $36,864,651. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
NDAQ has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of NASDAQ OMX Group in a research note on Friday, July 25th. They now have a $44.00 price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of NASDAQ OMX Group in a research note on Friday, July 25th. They now have a $45.00 price target on the stock, up previously from $42.00. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of NASDAQ OMX Group in a research note on Friday, July 25th. They now have a $50.00 price target on the stock, up previously from $45.00. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. NASDAQ OMX Group has an average rating of “Buy” and an average price target of $41.83.
Shares of NASDAQ OMX Group (NASDAQ:NDAQ) traded up 0.22% on Wednesday, hitting $43.715. The stock had a trading volume of 858,503 shares. NASDAQ OMX Group has a 52 week low of $29.51 and a 52 week high of $43.79. The stock’s 50-day moving average is $41.73 and its 200-day moving average is $38.59. The company has a market cap of $7.376 billion and a price-to-earnings ratio of 16.44.
NASDAQ OMX Group (NASDAQ:NDAQ) last released its earnings data on Tuesday, August 12th. The company reported $0.70 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.68 by $0.02. On average, analysts predict that NASDAQ OMX Group will post $2.91 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Investors of record on Friday, September 12th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Wednesday, September 10th.
The NASDAQ OMX Group, Inc (NASDAQ:NDAQ) is a holding company.
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