Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by AE Wealth Management LLC

Key Points

• AE Wealth Management LLC reduced its stake in Nasdaq, Inc. by 12.6%, selling 7,735 shares in the first quarter, bringing its total holdings to 53,535 shares worth approximately $4.06 million.
• Nasdaq reported a quarterly earnings per share of $0.85, beating analyst estimates of $0.78, and showed a year-over-year revenue increase of 12.7%, totaling $1.31 billion.
• The company announced a quarterly dividend of $0.27 per share, representing an annualized yield of 1.14%, with an upcoming payment date of September 26th.

AE Wealth Management LLC lowered its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 12.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 53,535 shares of the financial services provider's stock after selling 7,735 shares during the period. AE Wealth Management LLC's holdings in Nasdaq were worth $4,061,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Janney Montgomery Scott LLC lifted its stake in shares of Nasdaq by 7.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 43,161 shares of the financial services provider's stock worth $3,274,000 after purchasing an additional 3,096 shares during the period. USA Financial Formulas lifted its position in Nasdaq by 61.1% during the first quarter. USA Financial Formulas now owns 17,842 shares of the financial services provider's stock valued at $1,353,000 after purchasing an additional 6,764 shares during the last quarter. Principal Financial Group Inc. raised its position in Nasdaq by 1.2% during the first quarter. Principal Financial Group Inc. now owns 2,268,620 shares of the financial services provider's stock valued at $172,098,000 after purchasing an additional 27,622 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Nasdaq in the fourth quarter valued at $48,749,000. Finally, FUKOKU MUTUAL LIFE INSURANCE Co purchased a new stake in shares of Nasdaq in the first quarter worth approximately $222,000. Hedge funds and other institutional investors own 72.47% of the company's stock.

Analyst Upgrades and Downgrades

NDAQ has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Nasdaq from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Barclays boosted their price target on Nasdaq from $101.00 to $109.00 and gave the stock an "overweight" rating in a research note on Friday. Deutsche Bank Aktiengesellschaft raised their price target on shares of Nasdaq from $97.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday. Morgan Stanley raised their target price on Nasdaq from $75.00 to $86.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 15th. Finally, Oppenheimer reissued an "outperform" rating and set a $101.00 target price (up from $96.00) on shares of Nasdaq in a research note on Tuesday, July 15th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $96.63.

Insiders Place Their Bets

In other Nasdaq news, insider Pc Nelson Griggs sold 8,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $83.03, for a total value of $664,240.00. Following the sale, the insider directly owned 211,405 shares of the company's stock, valued at approximately $17,552,957.15. This represents a 3.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Jeremy Skule sold 2,105 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $89.17, for a total value of $187,702.85. Following the completion of the transaction, the executive vice president owned 94,656 shares in the company, valued at approximately $8,440,475.52. The trade was a 2.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,613 shares of company stock worth $1,874,659 in the last quarter. 0.70% of the stock is owned by company insiders.

Nasdaq Trading Up 0.3%

Nasdaq stock traded up $0.33 during midday trading on Tuesday, hitting $95.47. 1,279,072 shares of the stock were exchanged, compared to its average volume of 3,340,540. The stock's 50-day simple moving average is $87.14 and its 200 day simple moving average is $80.77. Nasdaq, Inc. has a fifty-two week low of $64.33 and a fifty-two week high of $95.70. The company has a current ratio of 0.96, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $54.81 billion, a price-to-earnings ratio of 36.71, a PEG ratio of 2.25 and a beta of 1.01.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.07. Nasdaq had a net margin of 18.59% and a return on equity of 15.90%. 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 previous year, the firm earned $0.69 EPS. Nasdaq's revenue was up 12.7% on a year-over-year basis. On average, equities analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, September 12th. This represents a $1.08 dividend on an annualized basis and a yield of 1.13%. Nasdaq's dividend payout ratio (DPR) is presently 41.54%.

About Nasdaq

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.