4,939 Shares in Nasdaq, Inc. (NASDAQ:NDAQ) Bought by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. acquired a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,939 shares of the financial services provider’s stock, valued at approximately $287,000.

A number of other institutional investors have also recently bought and sold shares of the business. Bollard Group LLC grew its stake in Nasdaq by 0.4% in the 4th quarter. Bollard Group LLC now owns 71,273 shares of the financial services provider’s stock valued at $4,144,000 after purchasing an additional 274 shares during the period. State of Michigan Retirement System lifted its position in shares of Nasdaq by 0.3% during the 4th quarter. State of Michigan Retirement System now owns 93,190 shares of the financial services provider’s stock valued at $5,418,000 after buying an additional 300 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of Nasdaq by 1.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 29,178 shares of the financial services provider’s stock valued at $1,697,000 after buying an additional 311 shares during the last quarter. Avitas Wealth Management LLC lifted its position in shares of Nasdaq by 1.7% during the 4th quarter. Avitas Wealth Management LLC now owns 19,094 shares of the financial services provider’s stock valued at $1,110,000 after buying an additional 315 shares during the last quarter. Finally, Allworth Financial LP lifted its position in shares of Nasdaq by 74.9% during the 4th quarter. Allworth Financial LP now owns 815 shares of the financial services provider’s stock valued at $47,000 after buying an additional 349 shares during the last quarter. Institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Performance

NASDAQ:NDAQ opened at $59.76 on Thursday. The business’s 50-day moving average price is $60.30 and its two-hundred day moving average price is $58.91. Nasdaq, Inc. has a twelve month low of $46.88 and a twelve month high of $64.25. The stock has a market cap of $34.37 billion, a P/E ratio of 31.45, a PEG ratio of 3.25 and a beta of 0.94. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.90.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.02). Nasdaq had a net margin of 15.98% and a return on equity of 17.00%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the business earned $0.69 EPS. The business’s revenue was up 22.2% on a year-over-year basis. As a group, equities analysts predict that Nasdaq, Inc. will post 2.68 EPS for the current fiscal year.

Nasdaq Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, June 14th. This is a positive change from Nasdaq’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a dividend yield of 1.61%. Nasdaq’s dividend payout ratio is 50.53%.

Wall Street Analysts Forecast Growth

NDAQ has been the topic of a number of recent research reports. Morgan Stanley raised Nasdaq from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $59.00 to $80.00 in a research report on Tuesday, April 9th. Barclays dropped their price target on Nasdaq from $76.00 to $73.00 and set an “overweight” rating on the stock in a research report on Friday, April 26th. Argus upped their price target on Nasdaq from $64.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, May 14th. StockNews.com cut Nasdaq from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Finally, Edward Jones assumed coverage on Nasdaq in a report on Wednesday, April 3rd. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Nasdaq currently has a consensus rating of “Moderate Buy” and an average target price of $67.00.

Insider Activity

In other news, EVP Bryan Everard Smith sold 3,036 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $59.89, for a total transaction of $181,826.04. Following the transaction, the executive vice president now directly owns 58,636 shares in the company, valued at approximately $3,511,710.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.70% of the company’s stock.

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.