Private Advisor Group LLC Acquires 2,045 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Private Advisor Group LLC boosted its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 25.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 10,065 shares of the financial services provider’s stock after purchasing an additional 2,045 shares during the period. Private Advisor Group LLC’s holdings in Nasdaq were worth $607,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Salem Investment Counselors Inc. grew its position in shares of Nasdaq by 89.3% during the 1st quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 201 shares during the period. Hobbs Group Advisors LLC bought a new position in Nasdaq during the second quarter valued at $26,000. LRI Investments LLC purchased a new stake in Nasdaq in the first quarter worth $31,000. Crewe Advisors LLC raised its stake in shares of Nasdaq by 164.4% in the second quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $30,000 after buying an additional 314 shares during the period. Finally, New Millennium Group LLC purchased a new position in shares of Nasdaq during the 2nd quarter valued at $34,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Bank of America upgraded Nasdaq from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $53.00 to $90.00 in a research note on Wednesday, September 4th. Keefe, Bruyette & Woods lifted their price objective on shares of Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Barclays increased their target price on Nasdaq from $74.00 to $77.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft boosted their price objective on Nasdaq from $66.00 to $72.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Finally, Oppenheimer lifted their target price on Nasdaq from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Nasdaq presently has a consensus rating of “Moderate Buy” and an average price target of $72.08.

Insider Transactions at Nasdaq

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the transaction, the insider now directly owns 42,804,207 shares of the company’s stock, valued at approximately $2,764,295,688.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.70% of the company’s stock.

Nasdaq Trading Down 0.8 %

Shares of NDAQ opened at $72.70 on Wednesday. Nasdaq, Inc. has a 1-year low of $46.88 and a 1-year high of $74.17. The company has a market capitalization of $41.82 billion, a P/E ratio of 38.22, a P/E/G ratio of 2.97 and a beta of 0.95. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.94 and a quick ratio of 0.94. The firm’s 50 day simple moving average is $68.15 and its 200 day simple moving average is $63.17.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. The business’s revenue for the quarter was up 25.3% compared to the same quarter last year. Sell-side analysts forecast that Nasdaq, Inc. will post 2.74 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.32%. The ex-dividend date is Friday, September 13th. Nasdaq’s dividend payout ratio (DPR) is currently 50.53%.

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.