Private Advisor Group LLC Grows Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Private Advisor Group LLC raised its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 7.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,860 shares of the financial services provider’s stock after buying an additional 795 shares during the quarter. Private Advisor Group LLC’s holdings in Nasdaq were worth $793,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Y.D. More Investments Ltd grew its holdings in Nasdaq by 94.8% during the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock valued at $25,000 after buying an additional 202 shares in the last quarter. Hobbs Group Advisors LLC purchased a new position in shares of Nasdaq in the 2nd quarter worth approximately $26,000. Crewe Advisors LLC boosted its holdings in shares of Nasdaq by 164.4% in the 2nd quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 314 shares during the period. LRI Investments LLC purchased a new position in shares of Nasdaq in the 1st quarter worth approximately $31,000. Finally, Claro Advisors LLC purchased a new position in shares of Nasdaq in the 3rd quarter worth approximately $33,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq Price Performance

Shares of NDAQ stock opened at $74.32 on Friday. Nasdaq, Inc. has a twelve month low of $48.82 and a twelve month high of $76.71. The stock has a market capitalization of $42.72 billion, a price-to-earnings ratio of 44.50, a P/E/G ratio of 2.90 and a beta of 0.95. The stock has a fifty day simple moving average of $73.03 and a two-hundred day simple moving average of $66.13. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.84.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The firm’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 EPS. On average, analysts predict that Nasdaq, Inc. will post 2.78 EPS for the current fiscal year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq’s dividend payout ratio (DPR) is currently 57.49%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NDAQ. Piper Sandler lifted their target price on Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. TD Cowen dropped their target price on Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a report on Monday, October 28th. Raymond James upgraded Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 target price for the company in a report on Monday, October 14th. The Goldman Sachs Group lifted their target price on Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $88.00 price target on shares of Nasdaq in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $79.27.

Insider Buying and Selling

In related news, insider Pc Nelson Griggs sold 6,000 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $75.71, for a total transaction of $454,260.00. Following the completion of the sale, the insider now directly owns 215,563 shares in the company, valued at $16,320,274.73. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Pc Nelson Griggs sold 6,000 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.71, for a total transaction of $454,260.00. Following the transaction, the insider now directly owns 215,563 shares of the company’s stock, valued at $16,320,274.73. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Bradley J. Peterson sold 13,642 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.32, for a total value of $1,027,515.44. Following the transaction, the executive vice president now directly owns 142,830 shares in the company, valued at $10,757,955.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.

Nasdaq Company 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.