TD Private Client Wealth LLC Purchases 494 Shares of Nasdaq, Inc. $NDAQ

TD Private Client Wealth LLC boosted its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 89.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,045 shares of the financial services provider’s stock after acquiring an additional 494 shares during the quarter. TD Private Client Wealth LLC’s holdings in Nasdaq were worth $93,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Grove Bank & Trust increased its stake in Nasdaq by 194.6% in the first quarter. Grove Bank & Trust now owns 327 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 216 shares during the last quarter. Bruce G. Allen Investments LLC boosted its position in Nasdaq by 72.7% during the second quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock valued at $25,000 after buying an additional 120 shares during the period. Highline Wealth Partners LLC boosted its position in Nasdaq by 1,509.5% during the first quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider’s stock valued at $26,000 after buying an additional 317 shares during the period. Opal Wealth Advisors LLC purchased a new stake in Nasdaq during the first quarter valued at about $26,000. Finally, First Command Advisory Services Inc. purchased a new stake in Nasdaq during the first quarter valued at about $30,000. Institutional investors own 72.47% of the company’s stock.

Nasdaq Trading Up 1.4%

Shares of NDAQ stock opened at $88.71 on Tuesday. Nasdaq, Inc. has a 1 year low of $64.84 and a 1 year high of $97.63. The firm has a fifty day moving average price of $93.62 and a 200-day moving average price of $85.25. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market cap of $50.90 billion, a price-to-earnings ratio of 34.12, a PEG ratio of 1.92 and a beta of 1.02.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. Nasdaq had a net margin of 18.59% and a return on equity of 15.90%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the firm posted $0.69 EPS. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, equities analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. Nasdaq’s payout ratio is presently 41.54%.

Insider Activity

In other news, EVP Bradley J. Peterson sold 11,508 shares of the business’s stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $88.87, for a total transaction of $1,022,715.96. Following the completion of the sale, the executive vice president owned 111,035 shares of the company’s stock, valued at $9,867,680.45. The trade was a 9.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jeremy Skule sold 2,105 shares of the business’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $95.49, for a total transaction of $201,006.45. Following the sale, the executive vice president directly owned 92,551 shares of the company’s stock, valued at approximately $8,837,694.99. The trade was a 2.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,304 shares of company stock valued at $2,035,896 in the last 90 days. Company insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on NDAQ shares. Oppenheimer restated an “outperform” rating and set a $101.00 price target (up from $96.00) on shares of Nasdaq in a research report on Tuesday, July 15th. Raymond James Financial restated an “outperform” rating and set a $96.00 price target (up from $84.00) on shares of Nasdaq in a research report on Wednesday, July 9th. Royal Bank Of Canada upped their price target on shares of Nasdaq from $95.00 to $108.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Nasdaq from $97.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Nasdaq in a report on Friday, July 25th. Fourteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $97.06.

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.