Strategic Investment Advisors MI Makes New $284,000 Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

Strategic Investment Advisors MI bought a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,668 shares of the financial services provider's stock, valued at approximately $284,000.

A number of other institutional investors have also added to or reduced their stakes in NDAQ. MBB Public Markets I LLC lifted its stake in Nasdaq by 609.1% in the second quarter. MBB Public Markets I LLC now owns 29,237 shares of the financial services provider's stock valued at $1,762,000 after buying an additional 25,114 shares during the period. Creative Planning lifted its holdings in shares of Nasdaq by 0.7% in the 2nd quarter. Creative Planning now owns 51,442 shares of the financial services provider's stock worth $3,100,000 after purchasing an additional 351 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Nasdaq by 6.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 60,124 shares of the financial services provider's stock valued at $3,624,000 after buying an additional 3,398 shares during the last quarter. Sunbelt Securities Inc. raised its stake in shares of Nasdaq by 65.3% in the second quarter. Sunbelt Securities Inc. now owns 2,814 shares of the financial services provider's stock worth $170,000 after purchasing an additional 1,112 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of Nasdaq in the second quarter valued at approximately $291,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Stock Performance

NDAQ traded down $0.27 during trading hours on Tuesday, hitting $81.19. The stock had a trading volume of 3,357,064 shares, compared to its average volume of 2,593,507. Nasdaq, Inc. has a 1 year low of $54.90 and a 1 year high of $83.77. The company's fifty day simple moving average is $79.45 and its 200 day simple moving average is $74.33. The stock has a market cap of $46.66 billion, a PE ratio of 48.62, a price-to-earnings-growth ratio of 2.77 and a beta of 0.98. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Friday, December 6th. Nasdaq's payout ratio is presently 57.49%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NDAQ. UBS Group upped their price target on Nasdaq from $73.00 to $79.00 and gave the stock a "neutral" rating in a report on Tuesday, October 8th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $95.00 price objective on shares of Nasdaq in a report on Thursday, January 9th. StockNews.com upgraded shares of Nasdaq from a "sell" rating to a "hold" rating in a report on Saturday, December 14th. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a "hold" rating to a "buy" rating and boosted their price target for the stock from $80.00 to $98.00 in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group upped their price objective on shares of Nasdaq from $77.00 to $83.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $85.73.

Insider Activity

In other Nasdaq news, insider Pc Nelson Griggs sold 5,742 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total transaction of $444,086.28. Following the sale, the insider now owns 205,821 shares in the company, valued at $15,918,196.14. This trade represents a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jeremy Skule sold 12,000 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $77.92, for a total value of $935,040.00. Following the completion of the sale, the executive vice president now directly owns 114,580 shares of the company's stock, valued at approximately $8,928,073.60. This represents a 9.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,817 shares of company stock worth $2,330,033 over the last ninety days. Company insiders own 0.70% of the company's stock.

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.