Flossbach Von Storch SE Acquires 41,876 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Flossbach Von Storch SE increased its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 3.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 0.20% of Nasdaq worth $87,920,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Nasdaq by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 52,576,413 shares of the financial services provider's stock worth $4,064,682,000 after purchasing an additional 376,893 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Nasdaq by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 11,018,705 shares of the financial services provider's stock worth $849,783,000 after buying an additional 257,465 shares in the last quarter. Franklin Resources Inc. boosted its stake in Nasdaq by 13.4% during the 4th quarter. Franklin Resources Inc. now owns 10,379,012 shares of the financial services provider's stock valued at $802,401,000 after purchasing an additional 1,225,672 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Nasdaq by 5.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 6,954,334 shares of the financial services provider's stock valued at $537,640,000 after acquiring an additional 335,565 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in Nasdaq by 37.9% in the fourth quarter. Ameriprise Financial Inc. now owns 6,005,047 shares of the financial services provider's stock worth $464,676,000 after buying an additional 1,650,201 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company's stock.

Nasdaq Stock Down 1.5%

NASDAQ:NDAQ traded down $1.32 during trading hours on Friday, reaching $89.41. The company's stock had a trading volume of 2,433,100 shares, compared to its average volume of 3,076,883. The company has a market cap of $51.33 billion, a price-to-earnings ratio of 40.64, a price-to-earnings-growth ratio of 2.31 and a beta of 1.01. Nasdaq, Inc. has a one year low of $62.00 and a one year high of $90.84. The business's 50-day moving average is $84.62 and its 200-day moving average is $79.67. 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 (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.22 billion. Nasdaq had a net margin of 16.36% and a return on equity of 15.38%. Nasdaq's revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.63 earnings per share. Equities research analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were issued a $0.27 dividend. The ex-dividend date was Friday, June 13th. This is a boost from Nasdaq's previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a yield of 1.21%. Nasdaq's dividend payout ratio is currently 49.09%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on NDAQ shares. Keefe, Bruyette & Woods upped their price target on shares of Nasdaq from $87.00 to $88.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. Morgan Stanley lowered Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 target price for the company. in a report on Tuesday, April 8th. Piper Sandler upped their price target on Nasdaq from $80.00 to $83.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. UBS Group raised their price objective on Nasdaq from $82.00 to $95.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Bank of America upped their target price on Nasdaq from $103.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, April 2nd. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $90.69.

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.