Kingsview Wealth Management LLC Acquires 372 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Kingsview Wealth Management LLC raised its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 9.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,466 shares of the financial services provider’s stock after purchasing an additional 372 shares during the period. Kingsview Wealth Management LLC’s holdings in Nasdaq were worth $326,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cerity Partners LLC increased its holdings in Nasdaq by 88.1% during the 3rd quarter. Cerity Partners LLC now owns 117,858 shares of the financial services provider’s stock worth $8,605,000 after acquiring an additional 55,202 shares during the period. Raymond James Trust N.A. increased its stake in Nasdaq by 5.3% in the 3rd quarter. Raymond James Trust N.A. now owns 14,047 shares of the financial services provider’s stock worth $1,026,000 after acquiring an additional 705 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Nasdaq by 9.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,296,354 shares of the financial services provider’s stock valued at $167,657,000 after acquiring an additional 195,314 shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new stake in Nasdaq during the third quarter valued at approximately $2,701,000. Finally, Citizens Financial Group Inc. RI grew its stake in Nasdaq by 3.6% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider’s stock worth $290,000 after buying an additional 137 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Nasdaq Trading Down 0.1 %

Shares of NDAQ opened at $82.99 on Friday. The firm’s 50-day moving average price is $75.85 and its 200-day moving average price is $68.66. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $47.70 billion, a price-to-earnings ratio of 50.04, a PEG ratio of 3.23 and a beta of 0.95. Nasdaq, Inc. has a 1-year low of $53.62 and a 1-year high of $83.77.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.69 by $0.05. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 earnings per share. Sell-side analysts anticipate that Nasdaq, Inc. will post 2.79 EPS for the current year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 annualized dividend and a dividend yield of 1.16%. Nasdaq’s payout ratio is currently 57.49%.

Insider Activity at Nasdaq

In related news, insider Pc Nelson Griggs sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.71, for a total transaction of $454,260.00. Following the completion of the sale, the insider now owns 215,563 shares of the company’s stock, valued at $16,320,274.73. This trade represents a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeremy Skule sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $77.92, for a total value of $935,040.00. Following the completion of the transaction, the executive vice president now directly owns 114,580 shares in the company, valued at $8,928,073.60. This trade represents a 9.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,459 shares of company stock valued at $3,811,808 in the last 90 days. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. UBS Group raised their price target on Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. William Blair began coverage on shares of Nasdaq in a research note on Monday, November 25th. They issued an “outperform” rating for the company. Argus lifted their target price on shares of Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Morgan Stanley raised their price target on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Piper Sandler boosted their price objective on Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $80.87.

Nasdaq Profile

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.