2,284,935 Shares in Nasdaq, Inc. $NDAQ Bought by Deutsche Bank AG

Deutsche Bank AG purchased a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQFree Report) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 2,284,935 shares of the financial services provider’s stock, valued at approximately $180,099,000.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Nasdaq by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 59,916,887 shares of the financial services provider’s stock valued at $5,819,727,000 after acquiring an additional 268,481 shares during the period. State Street Corp raised its holdings in shares of Nasdaq by 1.3% in the 4th quarter. State Street Corp now owns 19,878,600 shares of the financial services provider’s stock valued at $1,930,808,000 after purchasing an additional 259,408 shares during the period. Geode Capital Management LLC raised its holdings in shares of Nasdaq by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 12,851,894 shares of the financial services provider’s stock valued at $1,243,807,000 after purchasing an additional 378,577 shares during the period. Morgan Stanley lifted its stake in Nasdaq by 62.6% in the 4th quarter. Morgan Stanley now owns 9,266,562 shares of the financial services provider’s stock valued at $900,061,000 after purchasing an additional 3,567,843 shares during the last quarter. Finally, Harris Associates L P lifted its stake in Nasdaq by 46.0% in the 4th quarter. Harris Associates L P now owns 8,621,689 shares of the financial services provider’s stock valued at $837,425,000 after purchasing an additional 2,716,280 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Stock Performance

NASDAQ NDAQ opened at $96.71 on Wednesday. The firm has a 50-day moving average of $89.26 and a 200-day moving average of $87.97. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $54.06 billion, a PE ratio of 28.20, a P/E/G ratio of 1.31 and a beta of 0.96. Nasdaq, Inc. has a 52-week low of $76.55 and a 52-week high of $101.79.

Nasdaq (NASDAQ:NDAQGet Free Report) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 EPS for the quarter, topping the consensus estimate of $0.98 by $0.09. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. Nasdaq’s revenue was up 14.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Nasdaq, Inc. will post 4.15 EPS for the current year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, September 11th. This represents a $1.24 annualized dividend and a yield of 1.3%. Nasdaq’s dividend payout ratio (DPR) is 36.15%.

Insiders Place Their Bets

In other news, EVP Bradley J. Peterson sold 13,000 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $92.61, for a total value of $1,203,930.00. Following the transaction, the executive vice president owned 128,293 shares of the company’s stock, valued at approximately $11,881,214.73. This represents a 9.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Ab Investor bought 56,782 shares of the stock in a transaction dated Thursday, June 11th. The shares were purchased at an average price of $85.98 per share, for a total transaction of $4,882,116.36. Following the purchase, the insider owned 58,439,208 shares of the company’s stock, valued at $5,024,603,103.84. This trade represents a 0.10% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold 41,797 shares of company stock worth $3,926,319 over the last three months. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on NDAQ. Loop Capital set a $113.00 price target on Nasdaq in a report on Friday, April 24th. Wall Street Zen upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Keefe, Bruyette & Woods raised their price objective on Nasdaq from $92.00 to $102.00 and gave the company a “market perform” rating in a research report on Friday, July 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Nasdaq in a research note on Monday, July 20th. Finally, TD Cowen reissued a “buy” rating and set a $105.00 target price (up from $101.00) on shares of Nasdaq in a report on Monday, July 20th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Nasdaq presently has a consensus rating of “Buy” and an average target price of $110.30.

Read Our Latest Stock Analysis on NDAQ

Nasdaq Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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