United Capital Financial Advisors LLC Invests $13.13 Million in Nasdaq, Inc. $NDAQ

United Capital Financial Advisors LLC acquired a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 166,604 shares of the financial services provider’s stock, valued at approximately $13,132,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NDAQ. Fiduciary Financial Advisors bought a new stake in Nasdaq during the 2nd quarter worth approximately $25,000. MV Capital Management Inc. acquired a new position in Nasdaq in the 4th quarter valued at approximately $28,000. Nemes Rush Group LLC bought a new position in shares of Nasdaq during the fourth quarter valued at $35,000. Uniplan Investment Counsel Inc. bought a new position in shares of Nasdaq during the fourth quarter valued at $35,000. Finally, Fideuram Asset Management Ireland dac bought a new stake in shares of Nasdaq in the fourth quarter worth $37,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Transactions at Nasdaq

In other news, insider Pc Nelson Griggs sold 11,010 shares of Nasdaq stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $96.35, for a total value of $1,060,813.50. Following the completion of the transaction, the insider directly owned 205,001 shares of the company’s stock, valued at approximately $19,751,846.35. This trade represents a 5.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Ab Investor acquired 56,782 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was acquired at an average cost of $85.98 per share, for a total transaction of $4,882,116.36. Following the completion of the purchase, the insider directly owned 58,439,208 shares in the company, valued at $5,024,603,103.84. This trade represents a 0.10% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders sold 41,797 shares of company stock valued at $3,926,319. Corporate insiders own 0.60% of the company’s stock.

Nasdaq Trading Down 0.1%

NASDAQ:NDAQ opened at $99.35 on Friday. Nasdaq, Inc. has a 52 week low of $76.55 and a 52 week high of $101.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01. The firm’s fifty day moving average is $90.86 and its 200-day moving average is $88.33. The firm has a market cap of $55.53 billion, a P/E ratio of 28.97, a P/E/G ratio of 1.32 and a beta of 0.97.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.09. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $1.46 billion. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. Nasdaq’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 earnings per share. Equities analysts expect 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, September 25th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, September 11th. Nasdaq’s dividend payout ratio (DPR) is presently 36.15%.

Wall Street Analyst Weigh In

NDAQ has been the subject of a number of recent research reports. Wall Street Zen upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Zacks Research upgraded Nasdaq from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. TD Cowen reissued a “buy” rating and issued a $105.00 price target (up from $101.00) on shares of Nasdaq in a research note on Monday, July 20th. Keefe, Bruyette & Woods increased their price target on Nasdaq from $92.00 to $102.00 and gave the company a “market perform” rating in a research note on Friday, July 24th. Finally, Rothschild & Co Redburn set a $110.00 price objective on Nasdaq in a research report on Thursday, June 11th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $110.30.

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.