OneAscent Family Office LLC Invests $264,000 in Nasdaq, Inc. $NDAQ

OneAscent Family Office LLC purchased a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 2,949 shares of the financial services provider’s stock, valued at approximately $264,000.

Several other institutional investors also recently bought and sold shares of the stock. Andra AP fonden grew its position in shares of Nasdaq by 29.1% in the second quarter. Andra AP fonden now owns 78,000 shares of the financial services provider’s stock valued at $6,975,000 after purchasing an additional 17,600 shares during the last quarter. Ethos Financial Group LLC bought a new stake in shares of Nasdaq in the 2nd quarter valued at approximately $615,000. Resona Asset Management Co. Ltd. lifted its holdings in shares of Nasdaq by 6.4% during the second quarter. Resona Asset Management Co. Ltd. now owns 147,692 shares of the financial services provider’s stock valued at $13,199,000 after acquiring an additional 8,860 shares during the period. Asahi Life Asset Management CO. LTD. acquired a new position in Nasdaq in the second quarter valued at about $415,000. Finally, First Horizon Advisors Inc. increased its holdings in Nasdaq by 8.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 28,387 shares of the financial services provider’s stock valued at $2,538,000 after purchasing an additional 2,119 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Stock Performance

NDAQ opened at $85.56 on Thursday. The business has a 50 day moving average of $89.94 and a 200-day moving average of $88.00. Nasdaq, Inc. has a 12-month low of $64.84 and a 12-month high of $97.63. The stock has a market cap of $48.85 billion, a price-to-earnings ratio of 30.56, a PEG ratio of 1.79 and a beta of 0.98. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.72.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.06. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. Nasdaq had a net margin of 19.90% and a return on equity of 16.28%. The company’s revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 earnings per share. On average, equities research analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, December 5th. Nasdaq’s dividend payout ratio (DPR) is currently 38.57%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. TD Cowen upped their price target on Nasdaq from $94.00 to $96.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. The Goldman Sachs Group reiterated a “buy” rating on shares of Nasdaq in a report on Friday, July 25th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Nasdaq from $97.00 to $105.00 and gave the company a “buy” rating in a report on Friday, July 25th. UBS Group raised shares of Nasdaq from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $95.00 to $115.00 in a research report on Friday, July 25th. Finally, Citigroup reissued a “neutral” rating on shares of Nasdaq in a research note on Wednesday, July 9th. Fourteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $99.67.

Insiders Place Their Bets

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $85.40, for a total value of $179,767.00. Following the completion of the sale, the executive vice president owned 84,974 shares of the company’s stock, valued at $7,256,779.60. The trade was a 2.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.70% of the stock is owned by company insiders.

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.