5,999 Shares in Nasdaq, Inc. $NDAQ Purchased by Partners Wealth Management LLC

Partners Wealth Management LLC acquired a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 5,999 shares of the financial services provider’s stock, valued at approximately $552,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Nasdaq during the second quarter worth $2,931,637,000. Bank of America Corp DE acquired a new position in shares of Nasdaq during the second quarter worth $603,631,000. The Manufacturers Life Insurance Company acquired a new position in shares of Nasdaq during the second quarter worth $377,818,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Nasdaq by 4.8% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,884,101 shares of the financial services provider’s stock valued at $306,145,000 after acquiring an additional 177,114 shares during the last quarter. Finally, Amundi lifted its stake in shares of Nasdaq by 19.6% in the 1st quarter. Amundi now owns 2,910,390 shares of the financial services provider’s stock valued at $247,063,000 after acquiring an additional 476,913 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Key Nasdaq News

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: New analyst buy rating: Erste Group Bank initiated coverage of Nasdaq with a “buy” rating, adding to the company’s positive analyst profile. The consensus rating remains “Moderate Buy,” with an average price target of $113.53. Erste Group Bank Nasdaq coverage
• Positive Sentiment: Technology expansion: Nasdaq Europe plans to launch “trajectory trading” in November. The new trading capability could strengthen Nasdaq’s market-technology offering and support future trading-related revenue. Nasdaq Europe trajectory trading
• Positive Sentiment: Solid financial momentum: Nasdaq recently reported quarterly earnings of $1.04 per share, ahead of the $1.02 consensus estimate, while revenue rose 12.6% year over year to $2.39 billion. This earnings performance supports the company’s valuation and recent share-price strength.
• Neutral Sentiment: Routine listing enforcement: Nasdaq notified Charming Medical Limited that it may be delisted and halted trading in TJGC Group while requesting additional information. These actions highlight Nasdaq’s regulatory oversight but are unlikely to materially affect NDAQ’s earnings. Charming Medical delisting
• Negative Sentiment: Insider selling: EVP Bradley Peterson sold 3,987 shares for approximately $418,000, reducing his holdings by 3.37%. A separate report also cited insider Tal Cohen selling 10,390 shares. While the executives retain substantial positions, the sales could create modest selling pressure after NDAQ’s advance. Nasdaq insider selling

Insider Transactions at Nasdaq

In related news, EVP Bradley Peterson sold 4,000 shares of the stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $103.38, for a total value of $413,520.00. Following the completion of the sale, the executive vice president directly owned 118,293 shares in the company, valued at $12,229,130.34. This represents a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jeremy Skule sold 1,125 shares of the firm’s stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $95.00, for a total value of $106,875.00. Following the transaction, the executive vice president directly owned 96,561 shares of the company’s stock, valued at approximately $9,173,295. This represents a 1.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 22,877 shares of company stock worth $2,330,505. Company insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

NDAQ has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $118.00 price objective on shares of Nasdaq in a report on Friday, October 23rd. The Goldman Sachs Group boosted their price objective on Nasdaq from $109.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, October 23rd. Rothschild & Co Redburn lowered their target price on Nasdaq from $110.00 to $107.00 and set a “buy” rating for the company in a report on Thursday, September 10th. Weiss Ratings upgraded Nasdaq from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday. Finally, JPMorgan Chase & Co. increased their target price on Nasdaq from $120.00 to $122.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $113.53.

Nasdaq Stock Up 0.6%

NASDAQ:NDAQ opened at $106.23 on Friday. Nasdaq, Inc. has a one year low of $76.55 and a one year high of $107.93. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $58.95 billion, a PE ratio of 29.02, a P/E/G ratio of 1.87 and a beta of 0.99. The firm’s 50 day simple moving average is $95.71 and its 200 day simple moving average is $90.68.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.02. Nasdaq had a net margin of 22.81% and a return on equity of 19.03%. The firm had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the prior year, the company posted $0.88 EPS. The company’s revenue was up 12.6% on a year-over-year basis. On average, research analysts anticipate that Nasdaq, Inc. will post 4.15 earnings per share for the current year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, December 4th. Nasdaq’s payout ratio is 33.88%.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology and market infrastructure company best known for operating the Nasdaq Stock Market, one of the world’s largest electronic stock exchanges. The company provides listing services for public companies and operates trading venues for equities, options and other financial products. Its exchange business serves companies, investors and market participants in the United States, as well as through Nasdaq’s Nordic and Baltic market operations.

Beyond its exchange activities, Nasdaq provides market data, analytics, indexes and technology used by exchanges, brokers, banks, asset managers and other financial institutions.