Fortem Financial Group LLC Has $2.19 Million Stock Position in Nasdaq, Inc. $NDAQ

Fortem Financial Group LLC lifted its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 215.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,780 shares of the financial services provider’s stock after acquiring an additional 17,614 shares during the period. Fortem Financial Group LLC’s holdings in Nasdaq were worth $2,188,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NDAQ. NBC Securities Inc. boosted its holdings in Nasdaq by 7.8% in the 4th quarter. NBC Securities Inc. now owns 1,529 shares of the financial services provider’s stock valued at $149,000 after purchasing an additional 111 shares during the period. ORG Wealth Partners LLC grew its position in Nasdaq by 6.9% in the 4th quarter. ORG Wealth Partners LLC now owns 1,746 shares of the financial services provider’s stock worth $170,000 after purchasing an additional 112 shares during the last quarter. Independent Advisor Alliance increased its holdings in shares of Nasdaq by 2.6% during the 4th quarter. Independent Advisor Alliance now owns 4,574 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 117 shares during the period. Orgel Wealth Management LLC increased its holdings in shares of Nasdaq by 4.7% during the 4th quarter. Orgel Wealth Management LLC now owns 2,623 shares of the financial services provider’s stock worth $255,000 after purchasing an additional 118 shares during the period. Finally, Frank Rimerman Advisors LLC raised its position in shares of Nasdaq by 1.5% during the fourth quarter. Frank Rimerman Advisors LLC now owns 8,560 shares of the financial services provider’s stock valued at $831,000 after buying an additional 128 shares during the last quarter. Institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Performance

Shares of Nasdaq stock opened at $82.24 on Friday. Nasdaq, Inc. has a 52-week low of $77.09 and a 52-week high of $101.79. The firm has a market capitalization of $46.51 billion, a PE ratio of 24.77, a price-to-earnings-growth ratio of 1.64 and a beta of 0.97. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.00 and a quick ratio of 1.00. The company’s fifty day moving average price is $88.72 and its two-hundred day moving average price is $89.95.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. Nasdaq had a net margin of 23.15% and a return on equity of 17.51%. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the firm earned $0.79 EPS. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, analysts expect that Nasdaq, Inc. will post 3.86 EPS for the current year.

Nasdaq Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.5%. This is a boost from Nasdaq’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, June 12th. Nasdaq’s dividend payout ratio (DPR) is currently 37.35%.

Analyst Ratings Changes

NDAQ has been the subject of several research reports. Barclays increased their target price on shares of Nasdaq from $115.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Wall Street Zen upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Loop Capital set a $113.00 price target on Nasdaq in a report on Friday, April 24th. TD Cowen upgraded Nasdaq from a “hold” rating to a “buy” rating and raised their price objective for the stock from $105.00 to $106.00 in a research report on Thursday, February 26th. Finally, Keefe, Bruyette & Woods lifted their price objective on Nasdaq from $92.00 to $97.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Nasdaq presently has an average rating of “Moderate Buy” and an average price target of $107.36.

Insider Transactions at Nasdaq

In other Nasdaq news, SVP Michelle Lynn Daly sold 1,323 shares of the firm’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $88.82, for a total transaction of $117,508.86. Following the completion of the transaction, the senior vice president owned 10,089 shares in the company, valued at $896,104.98. This trade represents a 11.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Adena T. Friedman sold 113,611 shares of Nasdaq stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $85.44, for a total value of $9,706,923.84. Following the sale, the chief executive officer directly owned 1,965,751 shares in the company, valued at $167,953,765.44. The trade was a 5.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 138,162 shares of company stock valued at $11,932,913. Corporate insiders own 0.60% of the company’s stock.

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.