5,999 Shares of Nasdaq, Inc. $NDAQ Acquired by Partners Wealth Management LLC

Partners Wealth Management LLC purchased a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,999 shares of the financial services provider’s stock, valued at approximately $552,000.

A number of other institutional investors and hedge funds have also bought and sold shares of NDAQ. BlackRock Inc. acquired a new stake in Nasdaq during the second quarter worth approximately $2,931,637,000. Bank of America Corp DE acquired a new position in shares of Nasdaq in the second quarter valued at approximately $603,631,000. The Manufacturers Life Insurance Company acquired a new position in shares of Nasdaq in the second quarter valued at approximately $377,818,000. Legal & General Group Plc bought a new position in shares of Nasdaq during the second quarter worth approximately $220,130,000. Finally, Deutsche Bank AG bought a new position in shares of Nasdaq during the second quarter worth approximately $180,099,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Stock Performance

Shares of NASDAQ:NDAQ opened at $106.23 on Friday. The company’s 50 day simple moving average is $95.71 and its 200 day simple moving average is $90.68. The stock has a market capitalization of $58.95 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth ratio of 1.87 and a beta of 0.99. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.00 and a quick ratio of 1.00. Nasdaq, Inc. has a 1 year low of $76.55 and a 1 year high of $107.93.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.02 by $0.02. Nasdaq had a net margin of 22.81% and a return on equity of 19.03%. The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the business earned $0.88 earnings per share. The company’s revenue was up 12.6% on a year-over-year basis. As a group, research analysts predict that Nasdaq, Inc. will post 4.15 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be paid a $0.31 dividend. The ex-dividend date is Friday, December 4th. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. Nasdaq’s dividend payout ratio (DPR) is presently 33.88%.

Analysts Set New Price Targets

Several analysts recently weighed in on NDAQ shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $118.00 price target on shares of Nasdaq in a report on Friday, October 23rd. TD Cowen decreased their price objective on Nasdaq from $108.00 to $107.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Erste Group Bank started coverage on Nasdaq in a report on Friday. They issued a “buy” rating on the stock. Morgan Stanley increased their price objective on Nasdaq from $118.00 to $132.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. Finally, Wells Fargo & Company lifted their target price on Nasdaq from $100.00 to $111.00 and gave the stock an “equal weight” rating in a report on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $113.53.

Insider Transactions at Nasdaq

In other news, EVP Bradley J. Peterson sold 4,000 shares of the business’s stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $103.38, for a total transaction of $413,520.00. Following the completion of the transaction, the executive vice president owned 118,293 shares of the company’s stock, valued at approximately $12,229,130.34. The trade was a 3.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tal Cohen sold 10,390 shares of the company’s stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $103.34, for a total value of $1,073,702.60. Following the sale, the insider owned 205,076 shares of the company’s stock, valued at approximately $21,192,553.84. This represents a 4.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 22,877 shares of company stock valued at $2,330,505. Corporate insiders own 0.60% of the company’s stock.

Key Stories Impacting Nasdaq

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: New analyst buy rating: Erste Group Bank initiated coverage of Nasdaq with a “buy” rating, adding to the company’s positive analyst profile. The consensus rating remains “Moderate Buy,” with an average price target of $113.53. Erste Group Bank Nasdaq coverage
• Positive Sentiment: Technology expansion: Nasdaq Europe plans to launch “trajectory trading” in November. The new trading capability could strengthen Nasdaq’s market-technology offering and support future trading-related revenue. Nasdaq Europe trajectory trading
• Positive Sentiment: Solid financial momentum: Nasdaq recently reported quarterly earnings of $1.04 per share, ahead of the $1.02 consensus estimate, while revenue rose 12.6% year over year to $2.39 billion. This earnings performance supports the company’s valuation and recent share-price strength.
• Neutral Sentiment: Routine listing enforcement: Nasdaq notified Charming Medical Limited that it may be delisted and halted trading in TJGC Group while requesting additional information. These actions highlight Nasdaq’s regulatory oversight but are unlikely to materially affect NDAQ’s earnings. Charming Medical delisting
• Negative Sentiment: Insider selling: EVP Bradley Peterson sold 3,987 shares for approximately $418,000, reducing his holdings by 3.37%. A separate report also cited insider Tal Cohen selling 10,390 shares. While the executives retain substantial positions, the sales could create modest selling pressure after NDAQ’s advance. Nasdaq insider selling

Nasdaq Profile

Nasdaq, Inc is a global financial technology and market infrastructure company best known for operating the Nasdaq Stock Market, one of the world’s largest electronic stock exchanges. The company provides listing services for public companies and operates trading venues for equities, options and other financial products. Its exchange business serves companies, investors and market participants in the United States, as well as through Nasdaq’s Nordic and Baltic market operations.

Beyond its exchange activities, Nasdaq provides market data, analytics, indexes and technology used by exchanges, brokers, banks, asset managers and other financial institutions.