Deutsche Bank AG increased its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 13.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,830,405 shares of the financial services provider's stock after purchasing an additional 214,823 shares during the quarter. Deutsche Bank AG owned approximately 0.32% of Nasdaq worth $138,855,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in the stock. Grove Bank & Trust lifted its stake in Nasdaq by 194.6% in the first quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 216 shares during the last quarter. Highline Wealth Partners LLC lifted its stake in Nasdaq by 1,509.5% in the first quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 317 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in Nasdaq in the first quarter valued at approximately $26,000. First Command Advisory Services Inc. acquired a new stake in Nasdaq in the first quarter valued at approximately $30,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in Nasdaq in the fourth quarter valued at approximately $37,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on NDAQ shares. Keefe, Bruyette & Woods lifted their target price on shares of Nasdaq from $103.00 to $104.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Redburn Atlantic upgraded shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 target price for the company in a research note on Thursday, April 17th. Barclays lifted their target price on shares of Nasdaq from $101.00 to $109.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Oppenheimer reiterated an "outperform" rating and issued a $101.00 target price (up from $96.00) on shares of Nasdaq in a research note on Tuesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Nasdaq from $97.00 to $105.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $97.06.
Check Out Our Latest Report on Nasdaq
Nasdaq Trading Up 0.4%
Shares of NDAQ stock opened at $96.85 on Friday. Nasdaq, Inc. has a 1 year low of $64.84 and a 1 year high of $97.47. The firm's fifty day simple moving average is $89.67 and its 200 day simple moving average is $81.88. The firm has a market capitalization of $55.57 billion, a P/E ratio of 37.25, a price-to-earnings-growth ratio of 2.14 and a beta of 1.00. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73.
Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.07. Nasdaq had a net margin of 18.59% and a return on equity of 15.90%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the firm posted $0.69 earnings per share. Nasdaq's revenue was up 12.7% compared to the same quarter last year. As a group, sell-side analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.
Nasdaq Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. Nasdaq's payout ratio is 41.54%.
Insider Activity at Nasdaq
In other Nasdaq news, insider Pc Nelson Griggs sold 8,000 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $83.03, for a total value of $664,240.00. Following the sale, the insider owned 211,405 shares of the company's stock, valued at $17,552,957.15. The trade was a 3.65% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Bradley J. Peterson sold 11,508 shares of the business's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $88.87, for a total transaction of $1,022,715.96. Following the completion of the sale, the executive vice president directly owned 111,035 shares in the company, valued at $9,867,680.45. This trade represents a 9.39% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,409 shares of company stock worth $2,887,839. 0.70% of the stock is owned by insiders.
About Nasdaq
(
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.
See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Nasdaq, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nasdaq wasn't on the list.
While Nasdaq currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.