B. Riley Wealth Advisors Inc. Buys Shares of 4,827 Nasdaq, Inc. (NASDAQ:NDAQ)

B. Riley Wealth Advisors Inc. purchased a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,827 shares of the financial services provider’s stock, valued at approximately $291,000.

Other hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its position in shares of Nasdaq by 7.5% in the first quarter. Janney Montgomery Scott LLC now owns 240,851 shares of the financial services provider’s stock valued at $15,198,000 after acquiring an additional 16,797 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Nasdaq by 312.0% during the 1st quarter. SG Americas Securities LLC now owns 183,849 shares of the financial services provider’s stock worth $11,601,000 after purchasing an additional 139,228 shares during the last quarter. Quantbot Technologies LP boosted its holdings in shares of Nasdaq by 237.3% in the 1st quarter. Quantbot Technologies LP now owns 30,845 shares of the financial services provider’s stock valued at $1,946,000 after buying an additional 21,699 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Nasdaq by 12.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 517,000 shares of the financial services provider’s stock valued at $32,624,000 after buying an additional 57,900 shares in the last quarter. Finally, Swedbank AB bought a new position in shares of Nasdaq in the 1st quarter valued at about $2,595,000. 72.47% of the stock is owned by institutional investors.

Nasdaq Stock Up 1.9 %

Shares of NASDAQ NDAQ opened at $72.19 on Wednesday. The stock has a market capitalization of $41.52 billion, a P/E ratio of 37.99, a PEG ratio of 3.04 and a beta of 0.95. The stock’s fifty day moving average is $71.04 and its 200 day moving average is $64.68. Nasdaq, Inc. has a 52 week low of $47.56 and a 52 week high of $74.88. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.94 and a current ratio of 0.94.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The business’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 earnings per share. Sell-side analysts forecast that Nasdaq, Inc. will post 2.75 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.96 dividend on an annualized basis and a yield of 1.33%. Nasdaq’s dividend payout ratio (DPR) is 50.53%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NDAQ. UBS Group upped their price objective on Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research note on Tuesday. Keefe, Bruyette & Woods raised their price target on Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Oppenheimer lifted their target price on shares of Nasdaq from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Monday, September 9th. The Goldman Sachs Group upped their target price on Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Nasdaq from $66.00 to $72.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $76.73.

Insider Buying and Selling at Nasdaq

In other news, major shareholder Seller Lp Argus sold 42,804,207 shares of Nasdaq stock in a transaction on Monday, July 29th. The stock was sold at an average price of $64.58, for a total value of $2,764,295,688.06. Following the transaction, the insider now owns 42,804,207 shares in the company, valued at approximately $2,764,295,688.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.70% of the company’s stock.

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.