Nasdaq, Inc. (NASDAQ:NDAQ) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 3.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,367,921 shares of the financial services provider’s stock after purchasing an additional 71,567 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Nasdaq were worth $183,064,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NDAQ. Janney Montgomery Scott LLC boosted its holdings in shares of Nasdaq by 12.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 42,828 shares of the financial services provider’s stock worth $3,127,000 after purchasing an additional 4,651 shares during the last quarter. National Pension Service lifted its position in Nasdaq by 2.7% during the third quarter. National Pension Service now owns 593,719 shares of the financial services provider’s stock worth $43,347,000 after buying an additional 15,809 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in Nasdaq by 10.4% during the third quarter. Asset Management One Co. Ltd. now owns 171,745 shares of the financial services provider’s stock worth $12,539,000 after buying an additional 16,136 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in Nasdaq in the 3rd quarter valued at $27,000. Finally, Gulf International Bank UK Ltd increased its stake in shares of Nasdaq by 14.4% in the 3rd quarter. Gulf International Bank UK Ltd now owns 32,551 shares of the financial services provider’s stock worth $2,376,000 after acquiring an additional 4,096 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Price Performance

NDAQ stock opened at $76.17 on Friday. The business’s fifty day moving average price is $79.91 and its 200 day moving average price is $77.14. Nasdaq, Inc. has a 12-month low of $57.96 and a 12-month high of $84.15. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $43.81 billion, a PE ratio of 39.67, a P/E/G ratio of 2.12 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. On average, sell-side analysts anticipate that Nasdaq, Inc. will post 3.18 EPS 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 $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.26%. Nasdaq’s dividend payout ratio is presently 50.00%.

Insiders Place Their Bets

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the 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 Securities & Exchange Commission, which is available at this link. Insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on NDAQ shares. Keefe, Bruyette & Woods boosted their price target on shares of Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. boosted their target price on shares of Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, December 14th. Oppenheimer lifted their price target on shares of Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. Finally, UBS Group increased their price objective on Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $86.88.

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.