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

JPMorgan Chase & Co. decreased its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 14.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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.’s holdings in Nasdaq were worth $77,627,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC increased its holdings in shares of Nasdaq by 0.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 103,151 shares of the financial services provider’s stock valued at $6,216,000 after acquiring an additional 878 shares during the period. CIBC Asset Management Inc raised its holdings in shares of Nasdaq by 8.0% in the second quarter. CIBC Asset Management Inc now owns 56,758 shares of the financial services provider’s stock valued at $3,420,000 after buying an additional 4,196 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Nasdaq by 5.5% during the second quarter. Rhumbline Advisers now owns 816,272 shares of the financial services provider’s stock worth $49,188,000 after buying an additional 42,625 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in shares of Nasdaq by 0.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 32,647 shares of the financial services provider’s stock worth $1,967,000 after buying an additional 200 shares during the last quarter. Finally, Belpointe Asset Management LLC increased its position in Nasdaq by 77.5% in the 2nd quarter. Belpointe Asset Management LLC now owns 17,887 shares of the financial services provider’s stock valued at $1,078,000 after acquiring an additional 7,810 shares during the period. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Price Performance

Nasdaq stock opened at $78.22 on Friday. The stock has a market capitalization of $44.96 billion, a P/E ratio of 46.84, a P/E/G ratio of 3.12 and a beta of 0.97. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. Nasdaq, Inc. has a 12-month low of $54.90 and a 12-month high of $83.77. The firm’s 50-day moving average is $79.06 and its two-hundred day moving average is $72.10.

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

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.23%. Nasdaq’s dividend payout ratio (DPR) is presently 57.49%.

Insider Activity

In other Nasdaq news, insider Pc Nelson Griggs sold 5,742 shares of Nasdaq stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total transaction of $444,086.28. Following the transaction, the insider now directly 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 filing with the SEC, which is accessible through this hyperlink. Also, EVP Bradley J. Peterson sold 13,642 shares of the 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 completion of the sale, the executive vice president now directly owns 142,830 shares of the company’s stock, valued at $10,757,955.60. The trade was a 8.72 % decrease in their position. 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 ninety days. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

NDAQ has been the subject of a number of recent research reports. Keefe, Bruyette & Woods increased their price objective on Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $88.00 price target on shares of Nasdaq in a report on Tuesday, November 19th. The Goldman Sachs Group boosted their price objective on shares of Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Nasdaq from $78.00 to $80.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Finally, TD Cowen dropped their price target on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday, October 28th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Nasdaq currently has an average rating of “Moderate Buy” and an average price target of $82.40.

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.