Claro Advisors LLC Acquires Shares of 2,787 Nasdaq, Inc. (NASDAQ:NDAQ)

Claro Advisors LLC bought a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,787 shares of the financial services provider’s stock, valued at approximately $203,000.

Other large investors also recently modified their holdings of the company. Farallon Capital Management LLC lifted its position in Nasdaq by 28.4% during the first quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider’s stock worth $532,357,000 after purchasing an additional 1,866,219 shares during the period. Diamond Hill Capital Management Inc. lifted its holdings in shares of Nasdaq by 2.0% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 4,767,175 shares of the financial services provider’s stock worth $287,270,000 after acquiring an additional 94,122 shares during the period. Mizuho Securities USA LLC boosted its position in shares of Nasdaq by 13,532.3% during the 3rd quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock worth $292,040,000 after acquiring an additional 3,970,658 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Nasdaq by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 2,443,939 shares of the financial services provider’s stock valued at $147,272,000 after acquiring an additional 82,606 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Nasdaq by 8.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,358,843 shares of the financial services provider’s stock valued at $142,144,000 after purchasing an additional 174,778 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Nasdaq Stock Performance

NASDAQ:NDAQ opened at $80.16 on Wednesday. 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 $53.36 and a fifty-two week high of $80.77. The company has a 50 day simple moving average of $74.62 and a two-hundred day simple moving average of $67.73. The company has a market capitalization of $46.07 billion, a PE ratio of 48.00, a P/E/G ratio of 3.07 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share 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 the consensus estimate of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. Nasdaq’s quarterly revenue was up 21.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 earnings per share. Research analysts anticipate that Nasdaq, Inc. will post 2.78 earnings per share for the current year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 annualized dividend and a dividend yield of 1.20%. Nasdaq’s payout ratio is 57.49%.

Insider Buying and Selling

In other news, EVP Bradley J. Peterson sold 13,642 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.32, for a total value of $1,027,515.44. Following the completion of the sale, the executive vice president now directly owns 142,830 shares in the company, valued at $10,757,955.60. This trade represents a 8.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 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 transaction, the executive vice president now directly owns 114,580 shares in the company, valued at approximately $8,928,073.60. This trade represents a 9.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,384 shares of company stock valued at $2,860,902 over the last 90 days. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NDAQ. StockNews.com lowered Nasdaq from a “hold” rating to a “sell” rating in a research note on Tuesday. Oppenheimer lifted their target price on Nasdaq from $84.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Morgan Stanley increased their target price on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Barclays lifted their price target on shares of Nasdaq from $84.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, Bank of America dropped their price objective on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Nasdaq presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.87.

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.