Elm3 Financial Group LLC Invests $294,000 in Nasdaq, Inc. (NASDAQ:NDAQ)

Elm3 Financial Group LLC acquired a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,799 shares of the financial services provider's stock, valued at approximately $294,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC purchased a new stake in Nasdaq during the 3rd quarter valued at about $27,000. Founders Capital Management purchased a new stake in shares of Nasdaq during the fourth quarter valued at approximately $27,000. Claro Advisors LLC bought a new position in shares of Nasdaq in the third quarter worth approximately $33,000. Raleigh Capital Management Inc. increased its stake in shares of Nasdaq by 106.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider's stock worth $34,000 after buying an additional 225 shares during the period. Finally, Focused Wealth Management Inc bought a new stake in Nasdaq during the 3rd quarter valued at $35,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Nasdaq

In related news, EVP Jeremy Skule sold 12,075 shares of the company's stock in a transaction 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 completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Bryan Everard Smith sold 3,500 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the sale, the executive vice president now directly owns 55,576 shares in the company, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.

Nasdaq Stock Performance

Shares of NDAQ traded down $1.64 during trading hours on Monday, hitting $81.19. The stock had a trading volume of 1,782,259 shares, compared to its average volume of 2,804,751. The firm has a market capitalization of $46.66 billion, a PE ratio of 42.28, a PEG ratio of 2.15 and a beta of 0.99. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. Nasdaq, Inc. has a 12 month low of $54.90 and a 12 month high of $84.15. The stock has a fifty day moving average price of $79.55 and a 200 day moving average price of $75.56.

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

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.18%. Nasdaq's dividend payout ratio (DPR) is presently 50.00%.

Wall Street Analysts Forecast Growth

NDAQ has been the topic of a number of analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of Nasdaq from $86.00 to $91.00 and gave the company an "outperform" rating in a research report on Friday, December 20th. Argus boosted their price target on Nasdaq from $76.00 to $82.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. TD Cowen dropped their price objective on Nasdaq from $81.00 to $80.00 and set a "hold" rating for the company in a report on Monday, October 28th. StockNews.com upgraded Nasdaq from a "sell" rating to a "hold" rating in a report on Saturday, December 14th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $95.00 target price on shares of Nasdaq in a research report on Thursday, January 30th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $86.88.

Nasdaq 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.