Flossbach Von Storch SE Has $87.92 Million Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Flossbach Von Storch SE grew its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 3.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,158,977 shares of the financial services provider's stock after purchasing an additional 41,876 shares during the period. Flossbach Von Storch SE owned about 0.20% of Nasdaq worth $87,920,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC acquired a new position in shares of Nasdaq in the 4th quarter valued at approximately $8,791,000. Ashton Thomas Private Wealth LLC bought a new position in Nasdaq during the 4th quarter worth $522,000. Larson Financial Group LLC grew its holdings in shares of Nasdaq by 65.4% during the 4th quarter. Larson Financial Group LLC now owns 612 shares of the financial services provider's stock worth $47,000 after purchasing an additional 242 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Nasdaq by 45.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 355,300 shares of the financial services provider's stock valued at $27,468,000 after buying an additional 111,581 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Nasdaq by 3.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 108,577 shares of the financial services provider's stock valued at $8,394,000 after purchasing an additional 3,869 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company's stock.

Insider Activity

In other Nasdaq news, insider Pc Nelson Griggs sold 8,000 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $83.03, for a total transaction of $664,240.00. Following the transaction, the insider directly owned 211,405 shares of the company's stock, valued at $17,552,957.15. This represents a 3.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Bradley J. Peterson sold 11,508 shares of the stock in a transaction dated 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 owned 111,035 shares of the company's stock, valued at approximately $9,867,680.45. The trade was a 9.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,613 shares of company stock worth $1,874,659 over the last quarter. Corporate insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of several recent research reports. Redburn Atlantic upgraded Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price objective for the company in a report on Thursday, April 17th. The Goldman Sachs Group boosted their price objective on Nasdaq from $85.00 to $97.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Keefe, Bruyette & Woods boosted their price objective on Nasdaq from $87.00 to $88.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. Morgan Stanley lowered Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 target price on the stock. in a research note on Tuesday, April 8th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $95.00 target price on shares of Nasdaq in a report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Nasdaq currently has an average rating of "Moderate Buy" and an average target price of $88.81.

Nasdaq Price Performance

Nasdaq stock traded up $0.67 during mid-day trading on Thursday, hitting $90.50. 875,092 shares of the company were exchanged, compared to its average volume of 3,065,104. The company has a market capitalization of $51.95 billion, a P/E ratio of 41.14, a PEG ratio of 2.28 and a beta of 1.01. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.98 and a quick ratio of 0.98. Nasdaq, Inc. has a 12-month low of $60.77 and a 12-month high of $90.82. The business's 50 day simple moving average is $84.32 and its two-hundred day simple moving average is $79.58.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its earnings results on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.02. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. Nasdaq had a return on equity of 15.38% and a net margin of 16.36%. The company's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.63 earnings per share. Analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Friday, June 13th. This is an increase from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's dividend payout ratio is 49.09%.

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.