Flossbach Von Storch SE lowered its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,117,101 shares of the financial services provider's stock after selling 51,430 shares during the quarter. Flossbach Von Storch SE owned about 0.19% of Nasdaq worth $86,363,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Exchange Traded Concepts LLC bought a new position in Nasdaq during the 3rd quarter valued at $90,000. Creative Planning lifted its holdings in shares of Nasdaq by 6.8% in the third quarter. Creative Planning now owns 54,917 shares of the financial services provider's stock valued at $4,010,000 after buying an additional 3,475 shares during the period. Blue Trust Inc. boosted its stake in Nasdaq by 96.3% during the third quarter. Blue Trust Inc. now owns 2,846 shares of the financial services provider's stock valued at $208,000 after buying an additional 1,396 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Nasdaq by 12.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 20,301 shares of the financial services provider's stock worth $1,482,000 after acquiring an additional 2,171 shares during the period. Finally, Ledyard National Bank bought a new stake in Nasdaq in the third quarter worth about $243,000. Institutional investors own 72.47% of the company's stock.
Insider Buying and Selling at Nasdaq
In other news, EVP Bryan Everard Smith sold 3,500 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was 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 directly owns 55,576 shares of the company's stock, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.70% of the company's stock.
Analyst Ratings Changes
NDAQ has been the subject of several research reports. Citigroup raised their price objective on shares of Nasdaq from $78.00 to $84.00 and gave the company a "neutral" rating in a research report on Friday, January 10th. StockNews.com upgraded shares of Nasdaq from a "sell" rating to a "hold" rating in a research report on Saturday, December 14th. Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a "hold" rating to a "buy" rating and increased their price objective for the company from $80.00 to $98.00 in a research report on Wednesday, January 8th. Royal Bank of Canada restated an "outperform" rating and issued a $95.00 target price on shares of Nasdaq in a report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods boosted their target price on Nasdaq from $86.00 to $91.00 and gave the stock an "outperform" rating in a research report on Friday, December 20th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, Nasdaq presently has a consensus rating of "Moderate Buy" and an average price target of $86.88.
Read Our Latest Stock Analysis on NDAQ
Nasdaq Stock Down 1.8 %
Shares of NASDAQ NDAQ traded down $1.47 during mid-day trading on Friday, reaching $81.07. The company had a trading volume of 2,154,658 shares, compared to its average volume of 2,685,481. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The company has a market capitalization of $46.60 billion, a price-to-earnings ratio of 42.22, a PEG ratio of 2.12 and a beta of 0.99. The stock has a fifty day moving average of $79.63 and a two-hundred day moving average of $76.41. Nasdaq, Inc. has a 12-month low of $55.51 and a 12-month high of $84.15.
Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. As a group, equities research analysts expect that Nasdaq, Inc. will post 3.17 EPS for the current year.
Nasdaq Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.18%. Nasdaq's payout ratio is 50.00%.
Nasdaq Profile
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Free Report)
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.
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