Stratos Wealth Advisors LLC Purchases 245 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Stratos Wealth Advisors LLC grew its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 4.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 6,181 shares of the financial services provider’s stock after buying an additional 245 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Nasdaq were worth $478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in shares of Nasdaq by 163.3% in the third quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock worth $2,835,235,000 after purchasing an additional 24,084,154 shares during the period. Mizuho Securities USA LLC increased its position in shares of Nasdaq by 13,532.3% in the third quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock worth $292,040,000 after purchasing an additional 3,970,658 shares during the period. State Street Corp increased its position in shares of Nasdaq by 11.2% in the third quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock worth $1,310,653,000 after purchasing an additional 1,811,616 shares during the period. Union Bancaire Privee UBP SA bought a new position in shares of Nasdaq in the fourth quarter worth $110,867,000. Finally, Harris Associates L P increased its position in shares of Nasdaq by 14.6% in the third quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock worth $627,596,000 after purchasing an additional 1,096,090 shares during the period. Institutional investors own 72.47% of the company’s stock.

Insider Activity

In other news, EVP Bryan Everard Smith sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the sale, the executive vice president now owns 55,576 shares in the company, valued at $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Jeremy Skule sold 12,075 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $78.75, for a total value of $950,906.25. Following the sale, the executive vice president now owns 102,505 shares of the company’s stock, valued at approximately $8,072,268.75. This represents a 10.54 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on NDAQ. William Blair began coverage on Nasdaq in a research report on Monday, November 25th. They issued an “outperform” rating on the stock. Raymond James lifted their target price on Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. JPMorgan Chase & Co. lifted their target price on Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a “hold” rating to a “buy” rating and lifted their target price for the company from $80.00 to $98.00 in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $95.00 price target on shares of Nasdaq in a research note on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Nasdaq currently has an average rating of “Moderate Buy” and an average target price of $86.88.

Nasdaq Price Performance

Shares of NDAQ opened at $82.82 on Friday. Nasdaq, Inc. has a 52-week low of $54.90 and a 52-week high of $84.15. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The business’s 50 day moving average price is $79.55 and its two-hundred day moving average price is $75.38. The firm has a market cap of $47.60 billion, a PE ratio of 43.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. On average, equities analysts anticipate that Nasdaq, Inc. will post 3.17 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq’s dividend payout ratio (DPR) is presently 50.00%.

Nasdaq Company 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.