Aaron Wealth Advisors LLC Buys Shares of 3,031 Nasdaq, Inc. $NDAQ

Key Points

• Aaron Wealth Advisors LLC recently acquired 3,031 shares of Nasdaq, Inc. valued at approximately $271,000, reflecting growing institutional interest in the company.
• Several analysts have upgraded Nasdaq's rating, with UBS raising its target price from $95.00 to $115.00 and Barclays from $101.00 to $109.00.
• Nasdaq will pay a quarterly dividend of $0.27 on September 26th, representing a 1.2% annual yield, with a dividend payout ratio of 41.54%.

Aaron Wealth Advisors LLC bought a new stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,031 shares of the financial services provider's stock, valued at approximately $271,000.

Several other institutional investors have also recently bought and sold shares of the company. Vestcor Inc lifted its stake in Nasdaq by 1.6% in the 1st quarter. Vestcor Inc now owns 8,825 shares of the financial services provider's stock valued at $669,000 after acquiring an additional 141 shares in the last quarter. Sax Wealth Advisors LLC increased its position in shares of Nasdaq by 0.5% during the 1st quarter. Sax Wealth Advisors LLC now owns 30,082 shares of the financial services provider's stock worth $2,282,000 after purchasing an additional 144 shares during the last quarter. Wesbanco Bank Inc. increased its position in shares of Nasdaq by 7.1% during the 1st quarter. Wesbanco Bank Inc. now owns 2,829 shares of the financial services provider's stock worth $215,000 after purchasing an additional 187 shares during the last quarter. Grove Bank & Trust increased its position in shares of Nasdaq by 194.6% during the 1st quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock worth $25,000 after purchasing an additional 216 shares during the last quarter. Finally, Compass Capital Corp MA ADV increased its position in shares of Nasdaq by 1.4% during the 1st quarter. Compass Capital Corp MA ADV now owns 15,995 shares of the financial services provider's stock worth $1,201,000 after purchasing an additional 216 shares during the last quarter. Institutional investors own 72.47% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NDAQ. UBS Group raised Nasdaq from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $95.00 to $115.00 in a research report on Friday, July 25th. Barclays boosted their price target on Nasdaq from $101.00 to $109.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Raymond James Financial reaffirmed an "outperform" rating and set a $96.00 price target (up previously from $84.00) on shares of Nasdaq in a research report on Wednesday, July 9th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Nasdaq in a research report on Friday, July 25th. Finally, Keefe, Bruyette & Woods boosted their price target on Nasdaq from $103.00 to $104.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Fourteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $97.06.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ opened at $89.57 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.96. The stock's fifty day moving average price is $93.76 and its two-hundred day moving average price is $84.52. Nasdaq, Inc. has a one year low of $64.84 and a one year high of $97.63. The firm has a market cap of $51.39 billion, a price-to-earnings ratio of 34.45, a P/E/G ratio of 1.95 and a beta of 1.02.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.07. Nasdaq had a return on equity of 15.90% and a net margin of 18.59%.The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the firm posted $0.69 EPS. The company's revenue for the quarter was up 12.7% on a year-over-year basis. On average, equities analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, September 12th. Nasdaq's dividend payout ratio is currently 41.54%.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $95.49, for a total value of $201,006.45. Following the transaction, the executive vice president directly owned 92,551 shares of the company's stock, valued at $8,837,694.99. This represents a 2.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Michelle Lynn Daly sold 8,691 shares of the company's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $93.45, for a total value of $812,173.95. Following the completion of the transaction, the senior vice president directly owned 8,879 shares in the company, valued at approximately $829,742.55. This represents a 49.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,409 shares of company stock valued at $2,223,599 in the last ninety days. 0.70% of the stock is currently owned by corporate insiders.

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.

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