Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 14.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,063,231 shares of the financial services provider’s stock after selling 183,963 shares during the period. JPMorgan Chase & Co. owned 0.18% of Nasdaq worth $77,627,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cumberland Partners Ltd purchased a new position in shares of Nasdaq during the 3rd quarter valued at approximately $10,400,000. Nomura Asset Management Co. Ltd. increased its stake in shares of Nasdaq by 49.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 164,179 shares of the financial services provider’s stock worth $11,987,000 after purchasing an additional 54,594 shares in the last quarter. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Nasdaq during the third quarter worth about $2,701,000. Dimensional Fund Advisors LP lifted its stake in Nasdaq by 8.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,358,843 shares of the financial services provider’s stock valued at $142,144,000 after buying an additional 174,778 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Nasdaq by 10.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,223,433 shares of the financial services provider’s stock worth $235,343,000 after buying an additional 313,079 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Analyst Ratings Changes

NDAQ has been the topic of a number of research analyst reports. Morgan Stanley lifted their price target on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. UBS Group increased their target price on shares of Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Royal Bank of Canada restated an “outperform” rating and set a $88.00 price target on shares of Nasdaq in a research report on Tuesday, November 19th. Raymond James raised shares of Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 target price on the stock in a research note on Monday, October 14th. Finally, The Goldman Sachs Group increased their price target on Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $82.40.

Nasdaq Stock Performance

NASDAQ:NDAQ opened at $78.22 on Friday. The stock has a market capitalization of $44.96 billion, a P/E ratio of 46.84, a PEG ratio of 3.12 and a beta of 0.97. 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. The company has a 50 day moving average price of $79.06 and a 200 day moving average price of $72.10.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.05. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. Nasdaq’s revenue was up 21.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 EPS. Equities research analysts forecast that Nasdaq, Inc. will post 2.79 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.23%. The ex-dividend date was Friday, December 6th. Nasdaq’s payout ratio is currently 57.49%.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, insider Pc Nelson Griggs sold 6,000 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.71, for a total value of $454,260.00. Following the sale, the insider now directly owns 215,563 shares of the company’s stock, valued at approximately $16,320,274.73. This represents a 2.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Bradley J. Peterson sold 13,642 shares of Nasdaq stock in a transaction on Monday, October 28th. The stock was sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the sale, the executive vice president now directly owns 142,830 shares of the company’s stock, valued at approximately $10,757,955.60. This trade represents a 8.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,459 shares of company stock valued at $3,811,808 in the last 90 days. Company insiders own 0.70% of the company’s stock.

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.