Nasdaq, Inc. $NDAQ Shares Bought by AE Wealth Management LLC

AE Wealth Management LLC raised its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 2.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 54,865 shares of the financial services provider’s stock after purchasing an additional 1,330 shares during the period. AE Wealth Management LLC’s holdings in Nasdaq were worth $4,906,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Bruce G. Allen Investments LLC increased its holdings in Nasdaq by 72.7% in 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 last quarter. Access Investment Management LLC bought a new position in Nasdaq during the 2nd quarter worth approximately $28,000. CVA Family Office LLC grew its position in shares of Nasdaq by 137.4% in the 2nd quarter. CVA Family Office LLC now owns 368 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 213 shares in the last quarter. First Command Advisory Services Inc. bought a new stake in shares of Nasdaq in the 1st quarter valued at approximately $30,000. Finally, Bayforest Capital Ltd bought a new stake in shares of Nasdaq in the 2nd quarter valued at approximately $37,000. Institutional investors own 72.47% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on NDAQ. Piper Sandler raised their price objective on Nasdaq from $97.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Cowen restated a “hold” rating on shares of Nasdaq in a research report on Wednesday, October 22nd. Oppenheimer reaffirmed an “outperform” rating and set a $101.00 price objective (up previously from $96.00) on shares of Nasdaq in a research report on Tuesday, July 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Nasdaq in a research note on Tuesday, October 14th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $100.00 target price (up previously from $99.00) on shares of Nasdaq in a report on Monday, October 13th. Fourteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Nasdaq presently has an average rating of “Moderate Buy” and an average target price of $99.67.

Nasdaq Stock Performance

NDAQ opened at $87.24 on Monday. The business’s 50 day moving average is $89.61 and its 200-day moving average is $88.32. The stock has a market cap of $49.81 billion, a PE ratio of 31.16, a price-to-earnings-growth ratio of 1.79 and a beta of 0.98. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.72. Nasdaq, Inc. has a twelve month low of $64.84 and a twelve month high of $97.63.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. Nasdaq had a return on equity of 16.28% and a net margin of 19.90%.The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the company posted $0.74 EPS. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. Nasdaq’s dividend payout ratio is presently 38.57%.

Insider Activity at Nasdaq

In related news, EVP Jeremy Skule sold 2,105 shares of Nasdaq stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $85.40, for a total transaction of $179,767.00. Following the sale, the executive vice president directly owned 84,974 shares in the company, valued at $7,256,779.60. The trade was a 2.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.