Endowment Wealth Management Inc. Takes Position in Nasdaq, Inc. $NDAQ

Endowment Wealth Management Inc. acquired a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,070 shares of the financial services provider’s stock, valued at approximately $275,000.

Other large investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its holdings in shares of Nasdaq by 7.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 43,161 shares of the financial services provider’s stock valued at $3,274,000 after buying an additional 3,096 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Nasdaq by 1.2% during the 1st quarter. Principal Financial Group Inc. now owns 2,268,620 shares of the financial services provider’s stock valued at $172,098,000 after purchasing an additional 27,622 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co acquired a new stake in Nasdaq during the 1st quarter valued at $222,000. Manning & Napier Advisors LLC lifted its holdings in Nasdaq by 3.9% during the 1st quarter. Manning & Napier Advisors LLC now owns 861,437 shares of the financial services provider’s stock valued at $65,349,000 after purchasing an additional 32,004 shares during the last quarter. Finally, 111 Capital lifted its holdings in Nasdaq by 67.0% during the 2nd quarter. 111 Capital now owns 11,089 shares of the financial services provider’s stock valued at $992,000 after purchasing an additional 4,450 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Stock Down 2.7%

NDAQ opened at $88.90 on Monday. Nasdaq, Inc. has a fifty-two week low of $64.84 and a fifty-two week high of $97.63. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $51.01 billion, a P/E ratio of 34.19, a P/E/G ratio of 2.02 and a beta of 0.98. The stock has a fifty day moving average of $92.68 and a 200-day moving average of $86.01.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. Nasdaq had a return on equity of 15.90% and a net margin of 18.59%.The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the firm earned $0.69 earnings per share. The company’s revenue was up 12.7% on a year-over-year basis. On average, equities analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a $0.27 dividend. The ex-dividend date was Friday, September 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. Nasdaq’s dividend payout ratio (DPR) is presently 41.54%.

Insiders Place Their Bets

In related news, EVP Jeremy Skule sold 2,105 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $95.49, for a total value of $201,006.45. Following the transaction, the executive vice president owned 92,551 shares in the company, valued at approximately $8,837,694.99. This trade represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Michelle Lynn Daly sold 8,691 shares of the firm’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of $93.45, for a total value of $812,173.95. Following the completion of the transaction, the senior vice president owned 8,879 shares in the company, valued at $829,742.55. The trade was a 49.46% decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on NDAQ shares. UBS Group raised Nasdaq from a “neutral” rating to a “buy” rating and raised their price target for the company from $95.00 to $115.00 in a report on Friday, July 25th. Morgan Stanley set a $90.00 price target on Nasdaq and gave the company an “equal weight” rating in a report on Wednesday, October 1st. Barclays reaffirmed an “overweight” rating and set a $108.00 price target (down previously from $109.00) on shares of Nasdaq in a report on Wednesday. Citigroup reaffirmed a “neutral” rating on shares of Nasdaq in a report on Wednesday, July 9th. Finally, Piper Sandler raised their price target on Nasdaq from $97.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Fifteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Nasdaq has an average rating of “Moderate Buy” and a consensus target price of $97.25.

About Nasdaq

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.