Schwab Charles Investment Management Inc. increased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 356,884 shares of the financial services provider’s stock after buying an additional 3,494 shares during the period. Schwab Charles Investment Management Inc. owned about 0.22% of Nasdaq worth $25,514,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA increased its stake in Nasdaq by 1.0% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 15,395,293 shares of the financial services provider’s stock worth $1,069,202,000 after buying an additional 146,050 shares during the period. Vanguard Group Inc. increased its stake in Nasdaq by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 11,262,495 shares of the financial services provider’s stock worth $782,180,000 after buying an additional 416,910 shares during the period. BlackRock Inc. increased its stake in Nasdaq by 3,831.1% during the 1st quarter. BlackRock Inc. now owns 9,546,334 shares of the financial services provider’s stock worth $662,992,000 after buying an additional 9,303,493 shares during the period. State Street Corp increased its stake in Nasdaq by 0.4% during the 1st quarter. State Street Corp now owns 5,296,709 shares of the financial services provider’s stock worth $367,865,000 after buying an additional 20,813 shares during the period. Finally, Clearbridge Investments LLC increased its stake in Nasdaq by 13.1% during the 1st quarter. Clearbridge Investments LLC now owns 3,094,734 shares of the financial services provider’s stock worth $214,929,000 after buying an additional 358,414 shares during the period. 74.31% of the stock is currently owned by hedge funds and other institutional investors.

In other Nasdaq news, insider Ann M. Dennison sold 1,170 shares of the stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $76.32, for a total value of $89,294.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bjorn Sibbern sold 3,000 shares of the stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $76.17, for a total transaction of $228,510.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,844 shares of company stock valued at $2,788,100. Insiders own 1.60% of the company’s stock.

NDAQ has been the topic of several analyst reports. Keefe, Bruyette & Woods set a $76.00 price target on shares of Nasdaq and gave the stock a “hold” rating in a research note on Thursday, August 17th. Barclays PLC initiated coverage on shares of Nasdaq in a research note on Friday, September 8th. They set an “overweight” rating and a $85.00 price target on the stock. BidaskClub downgraded shares of Nasdaq from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Citigroup Inc. initiated coverage on shares of Nasdaq in a research note on Wednesday, July 12th. They set a “neutral” rating and a $72.00 price target on the stock. Finally, Zacks Investment Research downgraded shares of Nasdaq from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $76.10.

Shares of Nasdaq, Inc. (NDAQ) opened at 74.75 on Friday. The stock has a 50 day moving average of $75.24 and a 200 day moving average of $71.18. Nasdaq, Inc. has a 52-week low of $63.30 and a 52-week high of $77.75. The company has a market cap of $12.47 billion, a P/E ratio of 56.80 and a beta of 0.77.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.06. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The firm had revenue of $602.00 million during the quarter, compared to the consensus estimate of $596.55 million. During the same period in the prior year, the firm earned $0.91 EPS. The business’s revenue was up 7.7% on a year-over-year basis. On average, equities analysts anticipate that Nasdaq, Inc. will post $4.17 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Thursday, September 14th. Nasdaq’s dividend payout ratio (DPR) is presently 118.75%.

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Nasdaq Company Profile

Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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