Stratos Wealth Partners LTD. Increases Stake in Nasdaq Inc (NASDAQ:NDAQ)
Stratos Wealth Partners LTD. lifted its stake in shares of Nasdaq Inc (NASDAQ:NDAQ) by 21.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,514 shares of the financial services provider’s stock after acquiring an additional 1,675 shares during the period. Stratos Wealth Partners LTD.’s holdings in Nasdaq were worth $1,137,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in NDAQ. Verus Capital Partners LLC purchased a new position in shares of Nasdaq during the 4th quarter worth about $28,000. Total Clarity Wealth Management Inc. purchased a new position in shares of Nasdaq during the 4th quarter worth about $32,000. Rockefeller Capital Management L.P. purchased a new position in shares of Nasdaq during the 1st quarter worth about $44,000. Signaturefd LLC lifted its holdings in shares of Nasdaq by 50.3% during the 1st quarter. Signaturefd LLC now owns 517 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 173 shares during the period. Finally, NuWave Investment Management LLC lifted its holdings in shares of Nasdaq by 69.9% during the 1st quarter. NuWave Investment Management LLC now owns 559 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 230 shares during the period. Institutional investors and hedge funds own 74.86% of the company’s stock.
In related news, EVP Bradley J. Peterson sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $118.42, for a total transaction of $355,260.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Lars Ottersgard sold 3,500 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $119.82, for a total value of $419,370.00. The disclosure for this sale can be found here. Insiders have sold 11,026 shares of company stock valued at $1,325,472 in the last three months. Corporate insiders own 0.60% of the company’s stock.
Shares of NASDAQ:NDAQ opened at $131.31 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.11 and a debt-to-equity ratio of 0.67. Nasdaq Inc has a 52-week low of $71.66 and a 52-week high of $135.51. The company has a 50 day moving average of $122.60 and a two-hundred day moving average of $111.71. The company has a market capitalization of $21.31 billion, a price-to-earnings ratio of 23.20, a price-to-earnings-growth ratio of 2.58 and a beta of 0.74.
Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.09. Nasdaq had a net margin of 16.21% and a return on equity of 16.89%. The company had revenue of $699.00 million during the quarter, compared to the consensus estimate of $686.79 million. During the same quarter last year, the company earned $1.22 earnings per share. On average, equities analysts anticipate that Nasdaq Inc will post 5.86 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Thursday, September 10th. Nasdaq’s dividend payout ratio (DPR) is 39.20%.
Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.
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