Oakbrook Investments LLC acquired a new position in Nasdaq Inc (NASDAQ:NDAQ) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 8,450 shares of the financial services provider’s stock, valued at approximately $649,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Nasdaq by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 11,470,748 shares of the financial services provider’s stock worth $820,043,000 after buying an additional 208,253 shares in the last quarter. Bessemer Group Inc. increased its holdings in Nasdaq by 2.9% in the 3rd quarter. Bessemer Group Inc. now owns 2,400,450 shares of the financial services provider’s stock worth $186,204,000 after buying an additional 67,975 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Nasdaq by 7.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,210,659 shares of the financial services provider’s stock worth $171,614,000 after buying an additional 151,864 shares in the last quarter. Frontier Capital Management Co. LLC increased its holdings in Nasdaq by 1.3% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,249,927 shares of the financial services provider’s stock worth $96,957,000 after buying an additional 16,264 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC increased its holdings in Nasdaq by 14.8% in the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 867,163 shares of the financial services provider’s stock worth $61,993,000 after buying an additional 111,875 shares in the last quarter. Institutional investors own 75.89% of the company’s stock.

NDAQ has been the subject of a number of recent research reports. Barclays cut their price target on Nasdaq from $85.00 to $84.00 and set an “overweight” rating for the company in a research note on Thursday, October 26th. Zacks Investment Research upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Keefe, Bruyette & Woods restated a “hold” rating and set a $78.00 price target on shares of Nasdaq in a research note on Thursday, October 12th. Royal Bank of Canada set a $78.00 price target on Nasdaq and gave the company a “hold” rating in a research note on Monday, October 16th. Finally, Citigroup boosted their price target on Nasdaq from $75.00 to $82.00 and gave the company a “neutral” rating in a research note on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $81.23.

Shares of Nasdaq Inc (NDAQ) opened at $80.07 on Monday. The stock has a market capitalization of $13,309.74, a PE ratio of 52.68, a price-to-earnings-growth ratio of 1.69 and a beta of 0.79. Nasdaq Inc has a 52 week low of $65.98 and a 52 week high of $82.15. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.15 and a current ratio of 1.15.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.04. The company had revenue of $607.00 million during the quarter, compared to the consensus estimate of $599.84 million. Nasdaq had a return on equity of 12.69% and a net margin of 6.72%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 EPS. equities research analysts anticipate that Nasdaq Inc will post 4.19 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.90%. Nasdaq’s dividend payout ratio (DPR) is presently 100.00%.

In related news, insider Bradley J. Peterson sold 19,169 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $80.70, for a total transaction of $1,546,938.30. Following the completion of the transaction, the insider now directly owns 32,214 shares in the company, valued at approximately $2,599,669.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Pc Nelson Griggs sold 2,064 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $76.58, for a total value of $158,061.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,629 shares of company stock valued at $1,809,309. 1.60% of the stock is currently owned by corporate insiders.

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Nasdaq 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.

Want to see what other hedge funds are holding NDAQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nasdaq Inc (NASDAQ:NDAQ).

Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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