Commerzbank Aktiengesellschaft FI Takes Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Commerzbank Aktiengesellschaft FI acquired a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) during the third quarter, Holdings Channel reports. The institutional investor acquired 3,019 shares of the financial services provider’s stock, valued at approximately $221,000.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Nasdaq by 7.0% during the first quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider’s stock worth $3,043,936,000 after acquiring an additional 3,173,981 shares during the period. Farallon Capital Management LLC grew its holdings in Nasdaq by 28.4% during the first quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider’s stock worth $532,357,000 after acquiring an additional 1,866,219 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in Nasdaq by 283.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 1,154,143 shares of the financial services provider’s stock worth $72,880,000 after acquiring an additional 853,414 shares during the period. Principal Financial Group Inc. grew its holdings in Nasdaq by 67.6% during the second quarter. Principal Financial Group Inc. now owns 2,022,546 shares of the financial services provider’s stock worth $121,879,000 after acquiring an additional 815,946 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its holdings in Nasdaq by 196.5% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,010,992 shares of the financial services provider’s stock worth $63,793,000 after acquiring an additional 670,024 shares during the period. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of Nasdaq stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the transaction, the insider now owns 42,804,207 shares in the company, valued at approximately $2,764,295,688.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on NDAQ shares. UBS Group raised their target price on Nasdaq from $73.00 to $79.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $88.00 target price on shares of Nasdaq in a report on Tuesday, October 8th. TD Cowen initiated coverage on Nasdaq in a research report on Thursday, September 26th. They set a “hold” rating and a $83.00 price target on the stock. Deutsche Bank Aktiengesellschaft increased their price target on Nasdaq from $66.00 to $72.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Finally, Raymond James upgraded Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price target on the stock in a research report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $79.07.

Nasdaq Stock Performance

NASDAQ NDAQ opened at $75.24 on Friday. The company has a market cap of $43.33 billion, a PE ratio of 43.24, a price-to-earnings-growth ratio of 3.09 and a beta of 0.95. The stock’s 50 day simple moving average is $72.46 and its 200-day simple moving average is $65.60. Nasdaq, Inc. has a 1-year low of $47.56 and a 1-year high of $75.58. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.94 and a quick ratio of 0.94.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The business’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 earnings per share. As a group, equities research analysts anticipate that Nasdaq, Inc. will post 2.75 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.28%. Nasdaq’s payout ratio is 55.17%.

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.