Deutsche Bank AG Buys 216,078 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Deutsche Bank AG lifted its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 15.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,615,582 shares of the financial services provider’s stock after acquiring an additional 216,078 shares during the period. Deutsche Bank AG’s holdings in Nasdaq were worth $124,901,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NDAQ. Barclays PLC lifted its stake in shares of Nasdaq by 48.9% in the third quarter. Barclays PLC now owns 1,524,795 shares of the financial services provider’s stock worth $111,325,000 after buying an additional 500,418 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Nasdaq by 2.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 20,566 shares of the financial services provider’s stock worth $1,502,000 after acquiring an additional 491 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Nasdaq by 1.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider’s stock valued at $759,000 after acquiring an additional 148 shares during the period. Czech National Bank boosted its holdings in Nasdaq by 6.4% during the fourth quarter. Czech National Bank now owns 89,726 shares of the financial services provider’s stock valued at $6,937,000 after acquiring an additional 5,428 shares during the period. Finally, City Center Advisors LLC grew its position in shares of Nasdaq by 9.4% in the fourth quarter. City Center Advisors LLC now owns 3,478 shares of the financial services provider’s stock valued at $269,000 after purchasing an additional 300 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on NDAQ shares. Citigroup decreased their target price on Nasdaq from $84.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Redburn Atlantic upgraded shares of Nasdaq from a “neutral” rating to a “buy” rating and set a $91.00 price objective on the stock in a research note on Thursday, April 17th. Morgan Stanley cut shares of Nasdaq from an “overweight” rating to an “equal weight” rating and set a $74.00 target price for the company. in a research note on Tuesday, April 8th. Royal Bank of Canada restated an “outperform” rating and set a $95.00 price objective on shares of Nasdaq in a report on Thursday, April 10th. Finally, StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Friday, April 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $86.50.

Insider Transactions at Nasdaq

In related news, EVP Bryan Everard Smith sold 657 shares of the company’s stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $71.81, for a total transaction of $47,179.17. Following the transaction, the executive vice president now owns 61,980 shares in the company, valued at $4,450,783.80. This represents a 1.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $73.68, for a total transaction 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 position. The disclosure for this sale can be found here. 0.70% of the stock is owned by company insiders.

Nasdaq Price Performance

Shares of NDAQ stock opened at $79.20 on Friday. The stock’s fifty day simple moving average is $74.36 and its 200 day simple moving average is $77.73. Nasdaq, Inc. has a one year low of $58.28 and a one year high of $84.15. The firm has a market cap of $45.47 billion, a price-to-earnings ratio of 41.25, a P/E/G ratio of 2.12 and a beta of 1.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the firm earned $0.63 EPS. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a $0.27 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.36%. This is a boost from Nasdaq’s previous quarterly dividend of $0.24. Nasdaq’s payout ratio is 49.09%.

About Nasdaq

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.