Jones Financial Companies Lllp Grows Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Jones Financial Companies Lllp lifted its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 63.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,374 shares of the financial services provider’s stock after acquiring an additional 13,017 shares during the period. Jones Financial Companies Lllp’s holdings in Nasdaq were worth $2,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Citizens Financial Group Inc. RI boosted its stake in Nasdaq by 3.6% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider’s stock worth $290,000 after purchasing an additional 137 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Nasdaq by 12.3% in the fourth quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider’s stock worth $104,000 after buying an additional 141 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in Nasdaq by 1.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider’s stock worth $759,000 after acquiring an additional 148 shares during the last quarter. Brooklyn Investment Group grew its stake in Nasdaq by 8.5% during the 4th quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider’s stock valued at $147,000 after acquiring an additional 148 shares in the last quarter. Finally, Crestwood Advisors Group LLC raised its holdings in Nasdaq by 4.2% in the 3rd quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider’s stock valued at $268,000 after acquiring an additional 149 shares during the last quarter. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Nasdaq Stock Up 0.1 %

Shares of NASDAQ NDAQ opened at $78.80 on Thursday. 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 business’s 50 day moving average is $79.92 and its two-hundred day moving average is $77.13. Nasdaq, Inc. has a 52-week low of $56.75 and a 52-week high of $84.15. The firm has a market cap of $45.32 billion, a price-to-earnings ratio of 41.04, a PEG ratio of 2.12 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating 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%. Research analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Friday, March 14th. Nasdaq’s payout ratio is 50.00%.

Analyst Ratings Changes

NDAQ has been the topic of several recent research reports. Oppenheimer boosted their target price on Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a report on Monday, January 13th. Royal Bank of Canada reissued an “outperform” rating and set a $95.00 price objective on shares of Nasdaq in a research note on Thursday, January 30th. Keefe, Bruyette & Woods raised their target price on Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. William Blair started coverage on shares of Nasdaq in a research report on Monday, November 25th. They set an “outperform” rating on the stock. Finally, Raymond James upped their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.88.

Insider Activity at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,500 shares of the 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 sale, the executive vice president now directly owns 55,576 shares in the company, valued at approximately $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.70% of the company’s stock.

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.