AMJ Financial Wealth Management Purchases 37,985 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

AMJ Financial Wealth Management increased its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 40.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,806 shares of the financial services provider’s stock after buying an additional 37,985 shares during the quarter. Nasdaq accounts for 2.8% of AMJ Financial Wealth Management’s portfolio, making the stock its 11th largest position. AMJ Financial Wealth Management’s holdings in Nasdaq were worth $10,267,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of NDAQ. Citizens Financial Group Inc. RI grew its stake in shares of Nasdaq by 3.6% during the third quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider’s stock valued at $290,000 after buying an additional 137 shares during the last quarter. Allworth Financial LP grew its position in Nasdaq by 12.3% during the 4th quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 141 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in Nasdaq by 1.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider’s stock worth $759,000 after purchasing an additional 148 shares during the period. Brooklyn Investment Group lifted its position in Nasdaq by 8.5% in the fourth quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 148 shares during the last quarter. Finally, Crestwood Advisors Group LLC boosted its stake in shares of Nasdaq by 4.2% during the third quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 149 shares during the period. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NDAQ. Citigroup lifted their target price on shares of Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. JPMorgan Chase & Co. upped their price objective on shares of Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Keefe, Bruyette & Woods increased their target price on shares of Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. William Blair initiated coverage on Nasdaq in a report on Monday, November 25th. They set an “outperform” rating on the stock. Finally, UBS Group increased their price objective on Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $86.88.

Insider Activity at Nasdaq

In related news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the sale, the executive vice president now owns 55,576 shares of the company’s stock, valued at $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.70% of the stock is owned by insiders.

Nasdaq Trading Down 1.0 %

NASDAQ NDAQ opened at $81.97 on Tuesday. The stock has a market cap of $47.14 billion, a P/E ratio of 42.69, a P/E/G ratio of 2.12 and a beta of 0.99. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. Nasdaq, Inc. has a 12 month low of $56.30 and a 12 month high of $84.15. The stock’s fifty day moving average price is $79.92 and its 200-day moving average price is $77.07.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. As a group, equities analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

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

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.