Insider Selling: Robert Greifeld Unloads 100,000 Shares of NASDAQ OMX Group Stock (NDAQ)
NASDAQ OMX Group (NASDAQ:NDAQ) CEO Robert Greifeld sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $43.58, for a total value of $4,358,000.00. Following the completion of the transaction, the chief executive officer now directly owns 844,551 shares of the company’s stock, valued at approximately $36,805,533. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
NASDAQ OMX Group (NASDAQ:NDAQ) traded up 0.22% on Wednesday, hitting $43.715. 858,503 shares of the company’s stock traded hands. NASDAQ OMX Group has a one year low of $29.51 and a one year high of $43.79. The stock has a 50-day moving average of $41.73 and a 200-day moving average of $38.59. The company has a market cap of $7.376 billion and a P/E 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 (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.02. Analysts expect that NASDAQ OMX Group will post $2.91 EPS 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.
Several analysts have recently commented on the stock. 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 research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. NASDAQ OMX Group currently has a consensus rating of “Buy” and an average target price of $41.83.
The NASDAQ OMX Group, Inc (NASDAQ:NDAQ) is a holding company.
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