Munich Reinsurance Co Stock Corp in Munich Has $65.39 Million Holdings in Nasdaq, Inc. $NDAQ

Key Points

• Munich Re increased its stake in Nasdaq by 2.4% to 666,027 shares (about $65.39 million), making NDAQ its 24th largest holding.
• Nasdaq beat Q1 expectations with EPS of $0.96 vs. $0.93 and revenue of $2.14B (up 13.7% y/y), and the board raised the quarterly dividend to $0.31 (≈14.8% increase).
• Insiders have been net sellers (CEO Adena Friedman sold 113,611 shares; insiders sold 506,451 shares in the quarter), while analysts skew positive with a consensus "Moderate Buy" and an average price target of $107.15.

Munich Reinsurance Co Stock Corp in Munich lifted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 666,027 shares of the financial services provider's stock after purchasing an additional 15,661 shares during the quarter. Nasdaq accounts for 1.6% of Munich Reinsurance Co Stock Corp in Munich's holdings, making the stock its 24th largest position. Munich Reinsurance Co Stock Corp in Munich owned 0.12% of Nasdaq worth $65,391,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Nasdaq by 6.9% during the third quarter. Vanguard Group Inc. now owns 59,648,406 shares of the financial services provider's stock worth $5,275,902,000 after purchasing an additional 3,848,406 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Nasdaq by 4.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 27,627,767 shares of the financial services provider's stock worth $2,683,485,000 after purchasing an additional 1,258,964 shares during the period. State Street Corp increased its holdings in shares of Nasdaq by 7.7% during the third quarter. State Street Corp now owns 19,619,192 shares of the financial services provider's stock worth $1,735,318,000 after purchasing an additional 1,404,348 shares during the period. Invesco Ltd. increased its holdings in shares of Nasdaq by 11.8% during the third quarter. Invesco Ltd. now owns 5,044,521 shares of the financial services provider's stock worth $446,188,000 after purchasing an additional 532,775 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Nasdaq by 2.9% during the third quarter. Northern Trust Corp now owns 4,198,608 shares of the financial services provider's stock worth $371,367,000 after purchasing an additional 116,542 shares during the period. 72.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NDAQ has been the topic of several recent research reports. Argus raised shares of Nasdaq to a "strong-buy" rating in a report on Wednesday, February 11th. Raymond James Financial reissued an "outperform" rating and issued a $109.00 price objective on shares of Nasdaq in a research note on Wednesday, February 25th. Royal Bank Of Canada reissued an "outperform" rating and issued a $108.00 price objective on shares of Nasdaq in a research note on Friday, January 30th. Loop Capital set a $113.00 target price on shares of Nasdaq in a research note on Friday. Finally, Wall Street Zen cut shares of Nasdaq from a "hold" rating to a "sell" rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $107.15.

Nasdaq Stock Performance

NASDAQ NDAQ opened at $89.90 on Friday. The firm's fifty day moving average price is $85.65 and its two-hundred day moving average price is $89.61. The stock has a market cap of $51.10 billion, a PE ratio of 27.08, a PEG ratio of 1.88 and a beta of 1.02. Nasdaq, Inc. has a fifty-two week low of $74.11 and a fifty-two week high of $101.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.00.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. Nasdaq had a net margin of 23.15% and a return on equity of 17.51%. The company had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $1.42 billion. During the same quarter in the previous year, the firm posted $0.79 earnings per share. Nasdaq's revenue for the quarter was up 13.7% on a year-over-year basis. On average, equities analysts expect that Nasdaq, Inc. will post 3.82 EPS for the current fiscal year.

Nasdaq Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be paid a $0.31 dividend. This is a positive change from Nasdaq's previous quarterly dividend of $0.27. This represents a $1.24 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, June 12th. Nasdaq's payout ratio is presently 34.95%.

Insider Buying and Selling at Nasdaq

In related news, CEO Adena T. Friedman sold 113,611 shares of the business's stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $85.44, for a total value of $9,706,923.84. Following the sale, the chief executive officer owned 1,965,751 shares of the company's stock, valued at $167,953,765.44. The trade was a 5.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 506,451 shares of company stock valued at $47,142,951 over the last quarter. Insiders own 0.70% of the company's stock.

More Nasdaq News

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: Q1 results beat expectations — Nasdaq reported EPS of $0.96 vs. $0.93 expected and stronger-than-expected revenue (double-digit net revenue growth across divisions). This is the primary positive catalyst supporting the stock’s rise. Nasdaq Q1 Results
• Positive Sentiment: Dividend hike — the board raised the quarterly dividend to $0.31 (≈14.8% increase), indicating cash return commitment and supporting income-oriented investor interest. Dividend Announcement
• Positive Sentiment: Business mix and growth drivers — management highlighted AI and cloud-driven growth in Solutions and FinTech segments, providing conviction that revenue acceleration is sustainable beyond the quarter. AI & Cloud Growth
• Positive Sentiment: Analyst action — Keefe, Bruyette & Woods raised its price target to $97 (market perform), a modest supportive signal from the sell-side that implies upside from current levels. KBW Target Raise
• Neutral Sentiment: Mid-month short-interest data — Nasdaq published mid-April short interest across Nasdaq Global Market securities; overall days-to-cover ticked slightly lower to ~2.71 days. This is market-structure data rather than a direct stock-specific catalyst for NDAQ. Mid-Month Short Interest
• Neutral Sentiment: Analyst landscape is mixed but skewed positive — several firms maintain overweight/positive views and the median 6‑month target remains above the current price, which supports medium-term upside but isn’t an immediate catalyst. Analyst Targets & Ratings
• Negative Sentiment: Insider selling — disclosure shows significant insider sales in the past six months (including a large sale by CEO Adena Friedman), which can be perceived negatively by some investors even if sales have benign explanations. This could cap some near-term upside. Insider Activity
• Negative Sentiment: Mixed institutional moves — large reallocations (e.g., UBS materially cut its position while others added) increase volatility risk; big fund flows can amplify moves if followed by further rebalancing. Institutional Activity

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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