Nasdaq, Inc. (NASDAQ:NDAQ) Position Decreased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 6.5% during the fourth quarter, Holdings Channel reports. The firm owned 40,065 shares of the financial services provider’s stock after selling 2,763 shares during the period. Janney Montgomery Scott LLC’s holdings in Nasdaq were worth $3,097,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NDAQ. Advisory Alpha LLC bought a new position in shares of Nasdaq in the fourth quarter valued at $251,000. Missouri Trust & Investment Co grew its holdings in shares of Nasdaq by 27.5% in the 4th quarter. Missouri Trust & Investment Co now owns 1,530 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 330 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Nasdaq by 0.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 131,146 shares of the financial services provider’s stock worth $10,139,000 after purchasing an additional 691 shares during the period. Capricorn Fund Managers Ltd purchased a new stake in shares of Nasdaq during the fourth quarter valued at $978,000. Finally, Ballentine Partners LLC boosted its position in shares of Nasdaq by 6.5% in the 4th quarter. Ballentine Partners LLC now owns 13,475 shares of the financial services provider’s stock valued at $1,042,000 after purchasing an additional 827 shares during the period. 72.47% of the stock is owned by institutional investors and hedge funds.

Nasdaq Trading Up 0.1 %

NASDAQ:NDAQ opened at $82.34 on Friday. The company has a market capitalization of $47.33 billion, a P/E ratio of 42.89, a P/E/G ratio of 2.78 and a beta of 0.98. The stock’s 50 day moving average price is $79.55 and its 200 day moving average price is $74.70. 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 52 week low of $54.90 and a 52 week high of $83.77.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS 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 14.91%. On average, research analysts forecast that Nasdaq, Inc. will post 3.16 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq’s payout ratio is 50.00%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NDAQ. Morgan Stanley boosted their price objective on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Raymond James upped their price target on shares of Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Citigroup lifted their price objective on shares of Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Royal Bank of Canada reissued an “outperform” rating and set a $95.00 target price on shares of Nasdaq in a research note on Thursday. Finally, JPMorgan Chase & Co. raised their target price on Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.88.

Insider Buying and Selling at Nasdaq

In other news, EVP Jeremy Skule sold 12,075 shares of Nasdaq stock in a transaction that occurred 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 transaction, the executive vice president now owns 102,505 shares of the company’s stock, valued at $8,072,268.75. This trade represents a 10.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Pc Nelson Griggs sold 5,742 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total transaction of $444,086.28. Following the completion of the sale, the insider now owns 205,821 shares of the company’s stock, valued at $15,918,196.14. The trade was a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,817 shares of company stock worth $2,330,033 over the last three months. Corporate insiders own 0.70% of the company’s stock.

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.