AMJ Financial Wealth Management Acquires 37,985 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

AMJ Financial Wealth Management grew its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 40.1% in the fourth quarter, HoldingsChannel reports. The fund owned 132,806 shares of the financial services provider’s stock after purchasing an additional 37,985 shares during the quarter. Nasdaq makes up about 2.8% of AMJ Financial Wealth Management’s portfolio, making the stock its 11th largest holding. AMJ Financial Wealth Management’s holdings in Nasdaq were worth $10,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Commerzbank Aktiengesellschaft FI increased its holdings in Nasdaq by 34.6% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 4,064 shares of the financial services provider’s stock worth $315,000 after acquiring an additional 1,045 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Nasdaq by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,367,921 shares of the financial services provider’s stock worth $183,064,000 after purchasing an additional 71,567 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Nasdaq by 2.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 23,249 shares of the financial services provider’s stock valued at $1,797,000 after purchasing an additional 501 shares during the period. NINE MASTS CAPITAL Ltd purchased a new position in shares of Nasdaq during the 4th quarter valued at $274,000. Finally, SBI Securities Co. Ltd. bought a new position in Nasdaq in the 4th quarter worth $356,000. 72.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on NDAQ shares. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Saturday, December 14th. Citigroup increased their price objective on shares of Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a report on Friday, January 10th. JPMorgan Chase & Co. boosted their target price on shares of Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Keefe, Bruyette & Woods upped their target price on shares of Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Finally, Raymond James boosted their price target on shares of Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $86.88.

Insider Transactions at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the sale, the executive vice president now owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Price Performance

NDAQ stock opened at $81.97 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. Nasdaq, Inc. has a 12 month low of $56.30 and a 12 month high of $84.15. The stock has a market cap of $47.14 billion, a PE ratio of 42.69, a P/E/G ratio of 2.12 and a beta of 0.99. The company has a 50-day moving average price of $79.92 and a 200 day moving average price of $77.07.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. Equities research analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.24 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.17%. Nasdaq’s payout ratio is 50.00%.

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.