Skandinaviska Enskilda Banken AB publ Acquires 7,876 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 9.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 90,735 shares of the financial services provider's stock after acquiring an additional 7,876 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Nasdaq were worth $7,021,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Erste Asset Management GmbH increased its position in shares of Nasdaq by 210.5% in the fourth quarter. Erste Asset Management GmbH now owns 23,828 shares of the financial services provider's stock valued at $1,869,000 after acquiring an additional 16,153 shares during the last quarter. Rakuten Securities Inc. acquired a new position in shares of Nasdaq during the 4th quarter worth approximately $26,000. Avantax Advisory Services Inc. raised its stake in shares of Nasdaq by 2.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 109,546 shares of the financial services provider's stock worth $8,469,000 after purchasing an additional 2,588 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Nasdaq by 8.1% in the 4th quarter. Farther Finance Advisors LLC now owns 11,993 shares of the financial services provider's stock valued at $927,000 after buying an additional 898 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Nasdaq by 72.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,706 shares of the financial services provider's stock valued at $286,000 after buying an additional 1,562 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Insider Transactions at Nasdaq

In related news, EVP Bryan Everard Smith sold 3,500 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the sale, the executive vice president now owns 55,576 shares of the company's stock, valued at $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the completion of the sale, the executive vice president now owns 59,694 shares of the company's stock, valued at $4,398,253.92. The trade was a 20.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NDAQ shares. Citigroup increased their price target on shares of Nasdaq from $78.00 to $84.00 and gave the company a "neutral" rating in a research note on Friday, January 10th. UBS Group lifted their price target on Nasdaq from $79.00 to $89.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Barclays dropped their price objective on Nasdaq from $96.00 to $95.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. JPMorgan Chase & Co. increased their price target on Nasdaq from $88.00 to $95.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $80.00 to $98.00 in a research report on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $86.88.

Nasdaq Price Performance

Shares of NDAQ stock traded up $1.28 on Wednesday, hitting $76.58. 2,248,703 shares of the company's stock were exchanged, compared to its average volume of 2,768,518. Nasdaq, Inc. has a 12 month low of $58.10 and a 12 month high of $84.15. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The company has a 50 day moving average of $79.23 and a 200 day moving average of $77.38. The stock has a market cap of $44.04 billion, a P/E ratio of 39.89, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating 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%. On average, equities research analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq's payout ratio is 50.00%.

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.