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

Elm3 Financial Group LLC bought a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) during the fourth quarter, HoldingsChannel reports. The fund bought 3,799 shares of the financial services provider’s stock, valued at approximately $294,000.

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

Insider Activity at Nasdaq

In other news, EVP Jeremy Skule sold 12,075 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $78.75, for a total transaction of $950,906.25. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bryan Everard Smith sold 3,500 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the sale, the executive vice president now owns 55,576 shares in the company, valued at approximately $4,532,778.56. This trade represents a 5.92 % decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.

Nasdaq Stock Up 1.4 %

NDAQ stock opened at $82.86 on Thursday. The company has a market cap of $47.62 billion, a price-to-earnings ratio of 43.16, a PEG ratio of 2.12 and a beta of 0.99. The firm has a 50-day moving average of $79.54 and a two-hundred day moving average of $75.18. Nasdaq, Inc. has a 12 month low of $54.90 and a 12 month high of $83.77. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. As a group, analysts forecast that Nasdaq, Inc. will post 3.17 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.16%. Nasdaq’s payout ratio is 50.00%.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of several recent research reports. Citigroup lifted their price target on Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Oppenheimer boosted their target price on shares of Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a “hold” rating to a “buy” rating and lifted their price objective for the company from $80.00 to $98.00 in a report on Wednesday, January 8th. Morgan Stanley increased their price target on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, TD Cowen cut their price objective on Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, October 28th. Five equities 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $86.88.

Nasdaq Company 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.