B. Metzler seel. Sohn & Co. Holding AG Takes Position in Nasdaq, Inc. (NASDAQ:NDAQ)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 52,131 shares of the financial services provider's stock, valued at approximately $3,806,000.

A number of other institutional investors have also recently added to or reduced their stakes in NDAQ. Catalyst Capital Advisors LLC purchased a new stake in shares of Nasdaq during the 3rd quarter worth approximately $27,000. Y.D. More Investments Ltd grew its holdings in Nasdaq by 94.8% in the second quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 202 shares during the last quarter. Hobbs Group Advisors LLC purchased a new position in shares of Nasdaq in the second quarter valued at $26,000. Claro Advisors LLC purchased a new stake in shares of Nasdaq in the third quarter valued at about $33,000. Finally, Focused Wealth Management Inc acquired a new stake in shares of Nasdaq in the third quarter valued at approximately $35,000. Hedge funds and other institutional investors own 72.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $88.00 target price on shares of Nasdaq in a research note on Tuesday. Raymond James upgraded Nasdaq from a "market perform" rating to an "outperform" rating and set a $82.00 price objective on the stock in a research report on Monday, October 14th. UBS Group increased their price objective on Nasdaq from $73.00 to $79.00 and gave the company a "neutral" rating in a research note on Tuesday, October 8th. Oppenheimer upped their target price on shares of Nasdaq from $84.00 to $86.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Nasdaq from $76.00 to $78.00 and gave the stock an "outperform" rating in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Nasdaq presently has an average rating of "Moderate Buy" and an average target price of $80.87.

Insider Activity at Nasdaq

In other news, EVP Bradley J. Peterson sold 13,642 shares of the business's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the transaction, the executive vice president now directly owns 142,830 shares of the company's stock, valued at approximately $10,757,955.60. The trade was a 8.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Pc Nelson Griggs sold 6,000 shares of the firm's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $75.71, for a total transaction of $454,260.00. Following the sale, the insider now directly owns 215,563 shares of the company's stock, valued at approximately $16,320,274.73. The trade was a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 49,459 shares of company stock worth $3,811,808. Corporate insiders own 0.70% of the company's stock.

Nasdaq Price Performance

Shares of Nasdaq stock opened at $80.08 on Thursday. The business's fifty day moving average price is $74.78 and its 200 day moving average price is $67.82. Nasdaq, Inc. has a twelve month low of $53.62 and a twelve month high of $81.08. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $46.03 billion, a P/E ratio of 47.95, a PEG ratio of 3.12 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.05. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The company's revenue was up 21.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 EPS. As a group, research analysts anticipate that Nasdaq, Inc. will post 2.79 earnings per share for the current year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a yield of 1.20%. Nasdaq's dividend payout ratio (DPR) is 57.49%.

Nasdaq Company 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.