TKG Advisors LLC Buys 16,469 Shares of Nasdaq, Inc. $NDAQ

TKG Advisors LLC increased its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 109.0% in the first quarter, HoldingsChannel reports. The firm owned 31,574 shares of the financial services provider’s stock after buying an additional 16,469 shares during the period. TKG Advisors LLC’s holdings in Nasdaq were worth $2,680,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in NDAQ. MV Capital Management Inc. purchased a new position in Nasdaq in the fourth quarter valued at about $28,000. SOA Wealth Advisors LLC. purchased a new stake in shares of Nasdaq during the fourth quarter valued at about $34,000. Nemes Rush Group LLC bought a new stake in shares of Nasdaq in the 4th quarter valued at about $35,000. Uniplan Investment Counsel Inc. bought a new stake in shares of Nasdaq in the 4th quarter valued at about $35,000. Finally, Fideuram Asset Management Ireland dac purchased a new position in shares of Nasdaq in the 4th quarter worth approximately $37,000. Institutional investors own 72.47% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Nasdaq from $92.00 to $97.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Barclays raised their target price on shares of Nasdaq from $115.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nasdaq in a report on Wednesday, April 22nd. Wall Street Zen raised Nasdaq from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Finally, TD Cowen decreased their price objective on Nasdaq from $104.00 to $98.00 and set a “buy” rating for the company in a report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $107.54.

Nasdaq Trading Up 5.0%

Nasdaq stock opened at $82.73 on Thursday. The stock has a 50-day moving average price of $87.67 and a 200 day moving average price of $89.38. The company has a market capitalization of $46.79 billion, a price-to-earnings ratio of 24.92, a price-to-earnings-growth ratio of 1.57 and a beta of 0.99. Nasdaq, Inc. has a 52 week low of $76.55 and a 52 week high of $101.79. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.71.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. Nasdaq had a net margin of 23.15% and a return on equity of 17.51%. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the firm posted $0.79 EPS. Nasdaq’s revenue for the quarter was up 13.7% compared to the same quarter last year. Sell-side analysts anticipate that Nasdaq, Inc. will post 3.87 EPS for the current year.

Nasdaq Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were paid a $0.31 dividend. The ex-dividend date was Friday, June 12th. This is an increase from Nasdaq’s previous quarterly dividend of $0.27. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.5%. Nasdaq’s dividend payout ratio (DPR) is currently 37.35%.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, SVP Michelle Lynn Daly sold 1,323 shares of the company’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $88.82, for a total value of $117,508.86. Following the sale, the senior vice president directly owned 10,089 shares of the company’s stock, valued at approximately $896,104.98. This represents a 11.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Cohen Tal sold 15,518 shares of the stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $90.75, for a total value of $1,408,258.50. Following the sale, the insider directly owned 215,208 shares in the company, valued at $19,530,126. This represents a 6.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 24,551 shares of company stock worth $2,225,990. 0.60% of the stock is currently owned by company insiders.

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.