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

Flossbach Von Storch SE raised its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,158,977 shares of the financial services provider's stock after buying an additional 41,876 shares during the quarter. Flossbach Von Storch SE owned 0.20% of Nasdaq worth $87,920,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new stake in Nasdaq during the 4th quarter worth about $8,791,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Nasdaq in the fourth quarter valued at approximately $522,000. Larson Financial Group LLC raised its holdings in shares of Nasdaq by 65.4% in the fourth quarter. Larson Financial Group LLC now owns 612 shares of the financial services provider's stock valued at $47,000 after purchasing an additional 242 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of 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 position in Nasdaq by 3.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 108,577 shares of the financial services provider's stock worth $8,394,000 after purchasing an additional 3,869 shares during the period. 72.47% of the stock is owned by institutional investors.

Nasdaq Price Performance

Nasdaq stock opened at $88.59 on Wednesday. Nasdaq, Inc. has a 52 week low of $60.46 and a 52 week high of $90.82. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.77. The firm's 50-day simple moving average is $84.05 and its 200 day simple moving average is $79.51. The firm has a market capitalization of $50.86 billion, a PE ratio of 40.27, a P/E/G ratio of 2.33 and a beta of 1.01.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.79 EPS for the quarter, beating the consensus estimate of $0.77 by $0.02. Nasdaq had a net margin of 16.36% and a return on equity of 15.38%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the firm posted $0.63 earnings per share. Nasdaq's revenue for the quarter was up 10.7% compared to the same quarter last year. On average, equities research analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Friday, June 13th. This is an increase from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's payout ratio is currently 49.09%.

Insiders Place Their Bets

In other Nasdaq news, insider Pc Nelson Griggs sold 8,000 shares of the business's stock in a transaction dated 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 directly owned 211,405 shares in the company, valued at approximately $17,552,957.15. The trade was a 3.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jeremy Skule sold 2,105 shares of Nasdaq stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $89.17, for a total value of $187,702.85. Following the completion of the transaction, the executive vice president directly owned 94,656 shares in the company, valued at $8,440,475.52. This represents a 2.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,613 shares of company stock valued at $1,874,659 over the last 90 days. 0.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Citigroup lowered their price objective on Nasdaq from $84.00 to $75.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods increased their target price on Nasdaq from $87.00 to $88.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. UBS Group reissued a "cautious" rating on shares of Nasdaq in a research report on Monday, April 28th. Morgan Stanley lowered Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 price objective for the company. in a report on Tuesday, April 8th. Finally, The Goldman Sachs Group lifted their target price on Nasdaq from $85.00 to $97.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $88.06.

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.

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