Chevy Chase Trust Holdings LLC Has $78.81 Million Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Chevy Chase Trust Holdings LLC grew its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,019,333 shares of the financial services provider's stock after purchasing an additional 29,268 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.18% of Nasdaq worth $78,805,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Wellington Management Group LLP lifted its position in Nasdaq by 163.3% during the 3rd quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider's stock worth $2,835,235,000 after buying an additional 24,084,154 shares in the last quarter. Mizuho Securities USA LLC raised its stake in shares of Nasdaq by 13,532.3% in the third quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider's stock worth $292,040,000 after acquiring an additional 3,970,658 shares during the last quarter. State Street Corp raised its stake in shares of Nasdaq by 11.2% in the third quarter. State Street Corp now owns 17,951,698 shares of the financial services provider's stock worth $1,310,653,000 after acquiring an additional 1,811,616 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Nasdaq during the fourth quarter worth approximately $110,867,000. Finally, Harris Associates L P grew its stake in shares of Nasdaq by 14.6% during the third quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider's stock valued at $627,596,000 after purchasing an additional 1,096,090 shares during the last quarter. Institutional investors own 72.47% of the company's stock.

Nasdaq Trading Up 0.4 %

Shares of NDAQ traded up $0.33 during trading hours on Tuesday, reaching $81.24. The stock had a trading volume of 1,853,521 shares, compared to its average volume of 2,746,039. The company has a market cap of $46.69 billion, a P/E ratio of 42.31, a P/E/G ratio of 2.15 and a beta of 0.99. Nasdaq, Inc. has a 52 week low of $54.90 and a 52 week high of $84.15. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The firm has a 50-day moving average of $79.55 and a 200 day moving average of $76.21.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. On average, sell-side analysts expect that Nasdaq, Inc. will post 3.17 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.18%. Nasdaq's dividend payout ratio (DPR) is currently 50.00%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Royal Bank of Canada reaffirmed an "outperform" rating and set a $95.00 price objective on shares of Nasdaq in a report on Thursday, January 30th. Raymond James upped their price target on Nasdaq from $83.00 to $84.00 and gave the company an "outperform" rating in a research note on Thursday, January 9th. Barclays lowered their price objective on Nasdaq from $96.00 to $95.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. UBS Group upped their target price on shares of Nasdaq from $79.00 to $89.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Nasdaq from $86.00 to $91.00 and gave the stock an "outperform" rating in a research report on Friday, December 20th. Five 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 Buying and Selling at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the sale, the executive vice president now owns 55,576 shares of the company's stock, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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.