Bank of Montreal Can Purchases 429,119 Shares of Nasdaq, Inc. $NDAQ

Bank of Montreal Can lifted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 105.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 837,797 shares of the financial services provider’s stock after acquiring an additional 429,119 shares during the quarter. Bank of Montreal Can owned approximately 0.15% of Nasdaq worth $74,103,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its stake in Nasdaq by 33.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 27,274,620 shares of the financial services provider’s stock valued at $2,438,897,000 after acquiring an additional 6,840,735 shares during the last quarter. Norges Bank acquired a new stake in Nasdaq during the 2nd quarter worth $406,823,000. Vanguard Group Inc. raised its position in shares of Nasdaq by 6.9% during the 3rd quarter. Vanguard Group Inc. now owns 59,648,406 shares of the financial services provider’s stock valued at $5,275,902,000 after acquiring an additional 3,848,406 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in shares of Nasdaq by 261.7% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,690,186 shares of the financial services provider’s stock valued at $240,556,000 after purchasing an additional 1,946,479 shares during the period. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Nasdaq by 4,365.0% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,641,123 shares of the financial services provider’s stock valued at $146,749,000 after purchasing an additional 1,604,368 shares during the period. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq News Roundup

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: Wall Street analysts’ consensus price targets imply meaningful upside (Zacks reports a 27.9% mean upside), supporting a constructive medium-term view for NDAQ as analysts have been raising earnings estimates. Wall Street Analysts Predict a 27.92% Upside in Nasdaq (NDAQ)
• Positive Sentiment: Nasdaq recently announced a quarterly dividend ($0.27/share), adding steady income support and signaling confidence in cash flow — a modest positive for yield-seeking investors. MarketBeat Nasdaq Overview
• Positive Sentiment: Short interest fell ~17% during February (to ~6.6M shares), reducing immediate short-pressure and lowering the risk of continued downside from short-covering dynamics. Nasdaq Announces End-of-Month Open Short Interest Positions
• Positive Sentiment: Recent analyst upgrades and price-target lifts (multiple firms including Morgan Stanley, Barclays, JPMorgan) keep sell‑side sentiment favorable and underpin the stock’s premium valuation multiples. MarketBeat Nasdaq Analyst Coverage
• Neutral Sentiment: Nasdaq Verafin released a major 2026 Global Financial Crime Report showing a $4.4T estimated global financial-crime total and pledging expanded private‑sector collaboration (including a UN partnership). This highlights Verafin’s market leadership but also underscores rising threat levels that could drive demand for its products — a mixed signal for NDAQ. Nasdaq Verafin 2026 Global Financial Crime Report
• Neutral Sentiment: Nasdaq’s EVP & CFO will present at the BofA Information & Business Services Conference — a routine investor event that may provide management color but is unlikely to move the stock materially unless new guidance or surprises emerge. Nasdaq EVP & CFO to Present at BofA Conference
• Neutral Sentiment: Market commentary (Barchart) suggests option trades and bullish positioning if market risks subside — useful tactical ideas for derivatives traders but not a direct fundamental catalyst. If the Worst Is Over, NASDAQ Inc Stock May Be a Bargain
• Negative Sentiment: CEO Adena Friedman sold 92,840 shares (~$8.36M) the week of March 6th, trimming her stake ~4.3%. Large insider sales can spook investors even if the sale is for diversification or liquidity reasons. Nasdaq CEO Adena Friedman Sells 92,840 Shares

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Morgan Stanley set a $116.00 price objective on Nasdaq and gave the stock an “overweight” rating in a research note on Friday, January 30th. Royal Bank Of Canada restated an “outperform” rating and set a $108.00 target price on shares of Nasdaq in a report on Friday, January 30th. JPMorgan Chase & Co. boosted their target price on Nasdaq from $100.00 to $101.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. UBS Group reaffirmed a “buy” rating and issued a $120.00 price target (up from $115.00) on shares of Nasdaq in a research note on Monday, January 12th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Nasdaq in a research report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $103.80.

Nasdaq Stock Down 2.4%

NASDAQ:NDAQ opened at $85.50 on Thursday. Nasdaq, Inc. has a 1 year low of $64.84 and a 1 year high of $101.79. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.70. The stock has a market cap of $48.60 billion, a price-to-earnings ratio of 27.67, a PEG ratio of 1.61 and a beta of 1.03. The stock has a 50-day moving average price of $91.12 and a two-hundred day moving average price of $90.85.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, January 29th. The financial services provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. Nasdaq had a return on equity of 16.90% and a net margin of 21.77%.The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the firm posted $0.76 earnings per share. Nasdaq’s revenue was up 13.4% compared to the same quarter last year. As a group, equities analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, March 16th. Nasdaq’s dividend payout ratio (DPR) is 34.95%.

Insider Buying and Selling

In other Nasdaq news, EVP John Zecca sold 4,500 shares of Nasdaq stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $100.01, for a total value of $450,045.00. Following the transaction, the executive vice president owned 125,674 shares of the company’s stock, valued at approximately $12,568,656.74. The trade was a 3.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Adena T. Friedman sold 300,000 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $96.91, for a total transaction of $29,073,000.00. Following the completion of the transaction, the chief executive officer owned 1,924,903 shares of the company’s stock, valued at $186,542,349.73. This trade represents a 13.48% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 697,340 shares of company stock worth $66,803,072. Insiders own 0.70% of the company’s stock.

About Nasdaq

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.