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

JPMorgan Chase & Co. reduced its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 14.8% in the 3rd quarter, according to the company in its most recent 13F 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. owned 0.18% of Nasdaq worth $77,627,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Citizens Financial Group Inc. RI boosted its position in 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 worth $290,000 after acquiring an additional 137 shares during the last quarter. First Pacific Financial boosted its holdings in shares of Nasdaq by 1.0% during the 3rd quarter. First Pacific Financial now owns 13,842 shares of the financial services provider's stock worth $1,011,000 after purchasing an additional 142 shares during the last quarter. Crestwood Advisors Group LLC grew its position in shares of Nasdaq by 4.2% in 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 in the last quarter. Kentucky Retirement Systems increased its holdings in shares of Nasdaq by 0.5% in the third quarter. Kentucky Retirement Systems now owns 28,828 shares of the financial services provider's stock valued at $2,105,000 after purchasing an additional 154 shares during the last quarter. Finally, Signaturefd LLC lifted its position in Nasdaq by 2.5% during the third quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider's stock worth $481,000 after buying an additional 162 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company's stock.

Insiders Place Their Bets

In other news, EVP Jeremy Skule sold 12,075 shares of the company's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $78.75, for a total transaction of $950,906.25. Following the completion of the transaction, the executive vice president now directly owns 102,505 shares of the company's stock, valued at approximately $8,072,268.75. This represents a 10.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Bradley J. Peterson sold 13,642 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.32, for a total value of $1,027,515.44. Following the completion of the transaction, the executive vice president now owns 142,830 shares in the company, valued at approximately $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 worth $3,811,808 in the last 90 days. Corporate insiders own 0.70% of the company's stock.

Nasdaq Stock Up 1.0 %

Shares of NASDAQ:NDAQ traded up $0.79 during trading on Friday, hitting $78.22. The company's stock had a trading volume of 2,686,965 shares, compared to its average volume of 2,749,083. Nasdaq, Inc. has a fifty-two week low of $54.90 and a fifty-two week high of $83.77. The business has a 50 day moving average price of $79.06 and a two-hundred day moving average price of $72.19. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $44.96 billion, a PE ratio of 46.84, a P/E/G ratio of 3.12 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly 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. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate 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 business earned $0.71 EPS. As a group, research analysts expect that Nasdaq, Inc. will post 2.79 EPS for the current fiscal year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid 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 yield of 1.23%. Nasdaq's dividend payout ratio is currently 57.49%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. TD Cowen cut their target price on Nasdaq from $81.00 to $80.00 and set a "hold" rating for the company in a research note on Monday, October 28th. Barclays lifted their target price on shares of Nasdaq from $87.00 to $97.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. UBS Group increased their price target on shares of Nasdaq from $73.00 to $79.00 and gave the company a "neutral" rating in a research note on Tuesday, October 8th. Argus lifted their price target on shares of Nasdaq from $76.00 to $82.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Finally, Bank of America lowered their price objective on Nasdaq from $90.00 to $88.00 and set a "buy" rating for the company in a research report on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $82.40.

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.