Janney Montgomery Scott LLC Reduces Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Janney Montgomery Scott LLC cut its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 6.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,065 shares of the financial services provider’s stock after selling 2,763 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Nasdaq were worth $3,097,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Founders Capital Management acquired a new position in shares of Nasdaq in the 4th quarter valued at approximately $27,000. Catalyst Capital Advisors LLC acquired a new stake in Nasdaq in the third quarter valued at $27,000. Claro Advisors LLC bought a new position in Nasdaq during the 3rd quarter valued at $33,000. Focused Wealth Management Inc acquired a new position in Nasdaq during the 3rd quarter worth $35,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of Nasdaq in the 3rd quarter worth about $42,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Nasdaq

In related news, insider Pc Nelson Griggs sold 5,742 shares of the business’s stock in a transaction that occurred 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeremy Skule sold 12,075 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $78.75, for a total value of $950,906.25. Following the completion of the sale, 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 29,817 shares of company stock valued at $2,330,033. 0.70% of the stock is currently owned by corporate insiders.

Nasdaq Trading Up 0.1 %

Nasdaq stock opened at $82.34 on Friday. Nasdaq, Inc. has a 52-week low of $54.90 and a 52-week high of $83.77. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $47.33 billion, a price-to-earnings ratio of 42.89, a PEG ratio of 2.78 and a beta of 0.98. The firm has a 50-day moving average price of $79.55 and a two-hundred day moving average price of $74.70.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.91% and a net margin of 15.10%. Sell-side analysts expect that Nasdaq, Inc. will post 3.16 earnings per share for the current year.

Nasdaq Announces Dividend

The firm also recently declared 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. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.17%. Nasdaq’s dividend payout ratio (DPR) is presently 50.00%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Morgan Stanley increased their price target on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Citigroup increased their target price on Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 price target on shares of Nasdaq in a report on Thursday. Keefe, Bruyette & Woods upped their price target on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Finally, Oppenheimer lifted their price objective on shares of Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.