Whalen Wealth Management Inc. Invests $474,000 in Nasdaq, Inc. (NASDAQ:NDAQ)

Whalen Wealth Management Inc. acquired a new position in Nasdaq, Inc. (NASDAQ:NDAQ) in the 4th quarter, Holdings Channel.com reports. The firm acquired 6,127 shares of the financial services provider’s stock, valued at approximately $474,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Catalyst Capital Advisors LLC bought a new stake in Nasdaq during the third quarter valued at about $27,000. Founders Capital Management purchased a new position in shares of Nasdaq during the 4th quarter valued at about $27,000. Claro Advisors LLC bought a new position in shares of Nasdaq during the 3rd quarter valued at approximately $33,000. Raleigh Capital Management Inc. grew its stake in shares of Nasdaq by 106.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 225 shares during the period. Finally, Focused Wealth Management Inc purchased a new stake in Nasdaq in the 3rd quarter worth approximately $35,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Nasdaq Trading Up 1.2 %

Shares of NDAQ opened at $80.83 on Thursday. The stock has a market capitalization of $46.46 billion, a PE ratio of 48.40, a P/E/G ratio of 2.74 and a beta of 0.98. The company’s fifty day moving average is $79.31 and its 200 day moving average is $73.82. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. Nasdaq, Inc. has a fifty-two week low of $54.90 and a fifty-two week high of $83.77.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The business’s revenue was up 21.9% on a year-over-year basis. During the same period last year, the company posted $0.71 EPS. Sell-side analysts expect that Nasdaq, Inc. will post 2.81 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.96 annualized dividend and a yield of 1.19%. Nasdaq’s dividend payout ratio is currently 57.49%.

Insiders Place Their Bets

In related news, insider Pc Nelson Griggs sold 5,742 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total value of $444,086.28. Following the completion of the sale, the insider now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jeremy Skule sold 12,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $77.92, for a total transaction of $935,040.00. Following the transaction, the executive vice president now owns 114,580 shares in the company, valued at $8,928,073.60. This trade represents a 9.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,459 shares of company stock valued at $3,811,808 over the last ninety days. 0.70% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on NDAQ shares. Citigroup increased their price objective on shares of Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Royal Bank of Canada reissued an “outperform” rating and set a $95.00 price target on shares of Nasdaq in a report on Thursday, January 9th. UBS Group upped their price objective on Nasdaq from $73.00 to $79.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Oppenheimer increased their target price on Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. Finally, Piper Sandler boosted their price target on Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Nasdaq presently has a consensus rating of “Moderate Buy” and an average target price of $85.73.

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.