8,340 Shares in Nasdaq, Inc. $NDAQ Purchased by Coastal Bridge Advisors LLC

Coastal Bridge Advisors LLC acquired a new position in Nasdaq, Inc. (NASDAQ:NDAQ) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 8,340 shares of the financial services provider’s stock, valued at approximately $657,000.

A number of other institutional investors have also recently bought and sold shares of the business. Fiduciary Financial Advisors acquired a new stake in Nasdaq during the second quarter worth approximately $25,000. MV Capital Management Inc. acquired a new position in Nasdaq in the 4th quarter valued at $28,000. Nemes Rush Group LLC acquired a new position in Nasdaq in the 4th quarter valued at $35,000. Uniplan Investment Counsel Inc. bought a new stake in shares of Nasdaq during the 4th quarter valued at $35,000. Finally, Fideuram Asset Management Ireland dac bought a new stake in shares of Nasdaq during the 4th quarter valued at $37,000. Institutional investors own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NDAQ. Rothschild & Co Redburn set a $110.00 price target on Nasdaq in a research report on Thursday, June 11th. Wall Street Zen raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Keefe, Bruyette & Woods increased their price objective on shares of Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a research note on Friday, July 24th. Morgan Stanley reissued an “overweight” rating and issued a $120.00 target price on shares of Nasdaq in a report on Friday, July 24th. Finally, Barclays restated an “overweight” rating and issued a $111.00 target price (up from $108.00) on shares of Nasdaq in a research report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $110.30.

Insider Transactions at Nasdaq

In other news, EVP Bradley J. Peterson sold 13,000 shares of the stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $92.61, for a total value of $1,203,930.00. Following the completion of the transaction, the executive vice president owned 128,293 shares of the company’s stock, valued at approximately $11,881,214.73. This represents a 9.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Ab Investor purchased 56,782 shares of Nasdaq stock in a transaction dated Thursday, June 11th. The stock was bought at an average price of $85.98 per share, for a total transaction of $4,882,116.36. Following the completion of the purchase, the insider owned 58,439,208 shares in the company, valued at $5,024,603,103.84. This represents a 0.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders sold 41,797 shares of company stock valued at $3,926,319. 0.60% of the stock is currently owned by insiders.

Nasdaq Trading Down 0.0%

Shares of NDAQ opened at $99.31 on Friday. Nasdaq, Inc. has a 52-week low of $76.55 and a 52-week high of $101.79. The business’s fifty day moving average is $91.20 and its 200-day moving average is $88.40. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $55.51 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 1.32 and a beta of 0.97.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.09. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $1.46 billion. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.Nasdaq’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 EPS. Equities analysts anticipate that Nasdaq, Inc. will post 4.15 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.24 annualized dividend and a yield of 1.2%. Nasdaq’s payout ratio is presently 36.15%.

Nasdaq 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.