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

Key Points

• Deutsche Bank AG bought 2,284,935 Nasdaq shares during the second quarter, valued at approximately $180.1 million and representing about 0.41% of the company.
• Analysts maintain a broadly positive view of Nasdaq, with a consensus “Buy” rating and an average price target of $110.30. Institutional investors and hedge funds own 72.47% of the stock.
• Nasdaq recently reported quarterly earnings of $1.07 per share, beating estimates of $0.98, while revenue rose 14.9% year over year to $2.53 billion. The company also declared a quarterly dividend of $0.31 per share, yielding about 1.3% annually.

Deutsche Bank AG bought a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,284,935 shares of the financial services provider's stock, valued at approximately $180,099,000. Deutsche Bank AG owned approximately 0.41% of Nasdaq at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Legal & General Group Plc lifted its stake in Nasdaq by 1.6% in the fourth quarter. Legal & General Group Plc now owns 2,855,235 shares of the financial services provider's stock valued at $277,329,000 after buying an additional 45,783 shares in the last quarter. M&T Bank Corp boosted its holdings in shares of Nasdaq by 27.5% in the fourth quarter. M&T Bank Corp now owns 61,076 shares of the financial services provider's stock valued at $5,933,000 after buying an additional 13,160 shares during the period. MKP Capital Management L.L.C. bought a new stake in shares of Nasdaq during the fourth quarter worth $33,996,000. AlphaCore Capital LLC bought a new stake in shares of Nasdaq during the fourth quarter worth $1,245,000. Finally, Advisors Preferred LLC acquired a new stake in shares of Nasdaq during the fourth quarter worth $4,872,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NDAQ has been the topic of several research reports. Zacks Research raised shares of Nasdaq from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 27th. Morgan Stanley reissued an "overweight" rating and issued a $120.00 price target on shares of Nasdaq in a research note on Friday, July 24th. Keefe, Bruyette & Woods boosted their price target on Nasdaq from $92.00 to $102.00 and gave the company a "market perform" rating in a report on Friday, July 24th. Barclays reaffirmed an "overweight" rating and set a $111.00 price objective (up from $108.00) on shares of Nasdaq in a research report on Friday, July 24th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Nasdaq in a report on Monday, July 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $110.30.

Insider Transactions at Nasdaq

In related news, major shareholder Ab Investor bought 56,782 shares of the company's stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average price of $85.98 per share, for a total transaction of $4,882,116.36. Following the completion of the acquisition, the insider owned 58,439,208 shares of the company's stock, valued at approximately $5,024,603,103.84. The trade was a 0.10% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Pc Nelson Griggs sold 11,010 shares of the company's stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $96.35, for a total value of $1,060,813.50. Following the sale, the insider owned 205,001 shares in the company, valued at $19,751,846.35. The trade was a 5.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 41,797 shares of company stock worth $3,926,319 in the last three months. Insiders own 0.60% of the company's stock.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $96.71 on Wednesday. Nasdaq, Inc. has a 12 month low of $76.55 and a 12 month high of $101.79. The company's fifty day simple moving average is $89.26 and its 200-day simple moving average is $87.97. The firm 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. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates 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 last year, the firm earned $0.85 earnings per share. The firm's revenue for the quarter was up 14.9% compared to the same quarter last year. Equities research analysts expect that Nasdaq, Inc. will post 4.15 EPS for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, September 11th. Nasdaq's dividend payout ratio is currently 36.15%.

About Nasdaq

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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