Principle Wealth Partners LLC Buys Shares of 6,853 Nasdaq, Inc. $NDAQ

Principle Wealth Partners LLC purchased a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,853 shares of the financial services provider’s stock, valued at approximately $540,000.

A number of other large investors have also recently made changes to their positions in the stock. NBC Securities Inc. raised its holdings in shares of Nasdaq by 7.8% during the fourth quarter. NBC Securities Inc. now owns 1,529 shares of the financial services provider’s stock valued at $149,000 after purchasing an additional 111 shares during the last quarter. Independent Advisor Alliance boosted its holdings in Nasdaq by 2.6% in the fourth quarter. Independent Advisor Alliance now owns 4,574 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 117 shares during the last quarter. Quantum Portfolio Management LLC boosted its holdings in Nasdaq by 1.8% in the first quarter. Quantum Portfolio Management LLC now owns 7,144 shares of the financial services provider’s stock worth $606,000 after purchasing an additional 123 shares during the last quarter. Avidian Wealth Enterprises LLC grew its position in Nasdaq by 5.2% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 2,713 shares of the financial services provider’s stock worth $264,000 after purchasing an additional 133 shares during the period. Finally, Fielder Capital Group LLC grew its position in Nasdaq by 3.1% in the 4th quarter. Fielder Capital Group LLC now owns 4,571 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 137 shares during the period. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Stock Down 0.4%

NDAQ opened at $96.68 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. Nasdaq, Inc. has a 1-year low of $76.55 and a 1-year high of $101.79. The company has a market capitalization of $54.04 billion, a PE ratio of 28.19, a PEG ratio of 1.31 and a beta of 0.96. The firm’s 50 day simple moving average is $89.07 and its two-hundred day simple moving average is $87.99.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.09. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. As a group, equities analysts forecast that Nasdaq, Inc. will post 4.15 EPS for the current year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, September 11th. Nasdaq’s dividend payout ratio (DPR) is presently 36.15%.

Insider Activity at Nasdaq

In other Nasdaq news, major shareholder Ab Investor purchased 56,782 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was acquired at an average price of $85.98 per share, for a total transaction of $4,882,116.36. Following the purchase, the insider owned 58,439,208 shares of the company’s stock, valued at approximately $5,024,603,103.84. This represents a 0.10% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Bradley J. Peterson sold 13,000 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $92.61, for a total value of $1,203,930.00. Following the sale, the executive vice president directly owned 128,293 shares in the company, valued at approximately $11,881,214.73. This represents a 9.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 41,797 shares of company stock worth $3,926,319. 0.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on NDAQ. Morgan Stanley reissued an “overweight” rating and set a $120.00 price target on shares of Nasdaq in a report on Friday, July 24th. Raymond James Financial reaffirmed an “outperform” rating and issued a $113.00 price objective (up from $111.00) on shares of Nasdaq in a report on Thursday, July 9th. Loop Capital set a $113.00 price objective on Nasdaq in a research report on Friday, April 24th. Rothschild & Co Redburn set a $110.00 target price on Nasdaq in a report on Thursday, June 11th. Finally, Keefe, Bruyette & Woods raised their target price on Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a research report on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $110.30.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.