Stratos Wealth Advisors LLC Buys 245 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Stratos Wealth Advisors LLC raised its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQFree Report) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,181 shares of the financial services provider’s stock after acquiring an additional 245 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Nasdaq were worth $478,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wellington Management Group LLP raised its holdings in shares of Nasdaq by 163.3% in the third quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock valued at $2,835,235,000 after buying an additional 24,084,154 shares during the last quarter. State Street Corp raised its holdings in shares of Nasdaq by 11.2% in the third quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock valued at $1,310,653,000 after buying an additional 1,811,616 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Nasdaq by 9.5% in the third quarter. Geode Capital Management LLC now owns 10,761,240 shares of the financial services provider’s stock valued at $783,181,000 after buying an additional 932,665 shares during the last quarter. Harris Associates L P raised its holdings in shares of Nasdaq by 14.6% in the third quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock valued at $627,596,000 after buying an additional 1,096,090 shares during the last quarter. Finally, Mizuho Securities USA LLC raised its holdings in shares of Nasdaq by 13,532.3% in the third quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock valued at $292,040,000 after buying an additional 3,970,658 shares during the last quarter. 72.47% of the stock is owned by institutional investors.

Insider Transactions at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the sale, the executive vice president now owns 55,576 shares of the company’s stock, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jeremy Skule sold 12,075 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $78.75, for a total value of $950,906.25. Following the sale, the executive vice president now directly owns 102,505 shares of the company’s stock, valued at $8,072,268.75. This represents a 10.54 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on NDAQ. Keefe, Bruyette & Woods lifted their price target on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Morgan Stanley lifted their price objective on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. UBS Group lifted their price objective on Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 price objective on shares of Nasdaq in a research report on Thursday, January 30th. Finally, Argus lifted their price objective on Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Nasdaq currently has an average rating of “Moderate Buy” and a consensus target price of $86.88.

Read Our Latest Analysis on Nasdaq

Nasdaq Price Performance

NASDAQ NDAQ opened at $82.82 on Friday. The business has a 50 day simple moving average of $79.55 and a 200 day simple moving average of $75.38. Nasdaq, Inc. has a 52-week low of $54.90 and a 52-week high of $84.15. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The stock has a market cap of $47.60 billion, a price-to-earnings ratio of 43.14, a PEG ratio of 2.12 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQGet Free Report) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. Analysts anticipate that Nasdaq, Inc. will post 3.17 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.16%. Nasdaq’s dividend payout ratio is currently 50.00%.

Nasdaq Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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