Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Nasdaq (NASDAQ:NDAQ) Stock Price

Nasdaq (NASDAQ:NDAQ) had its target price boosted by Deutsche Bank Aktiengesellschaft from $78.00 to $80.00 in a research note issued to investors on Monday morning,Benzinga reports. The brokerage currently has a hold rating on the financial services provider’s stock.

Other research analysts also recently issued research reports about the company. Piper Sandler raised their target price on Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Bank of America dropped their price objective on Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Royal Bank of Canada restated an “outperform” rating and issued a $88.00 target price on shares of Nasdaq in a research note on Friday, October 25th. StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, Barclays upped their target price on shares of Nasdaq from $84.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Nasdaq presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.87.

Nasdaq Stock Performance

Shares of NDAQ opened at $78.06 on Monday. Nasdaq has a 1 year low of $53.17 and a 1 year high of $80.77. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. The stock’s fifty day moving average price is $74.15 and its two-hundred day moving average price is $67.22. The firm has a market cap of $44.87 billion, a PE ratio of 46.74, a PEG ratio of 3.12 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.69 by $0.05. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The company’s revenue was up 21.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 earnings per share. On average, equities research analysts forecast that Nasdaq will post 2.78 EPS for the current year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Friday, December 6th. Nasdaq’s payout ratio is 57.49%.

Insider Activity

In other Nasdaq news, EVP Bradley J. Peterson sold 13,642 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the transaction, the executive vice president now directly owns 142,830 shares of the company’s stock, valued at approximately $10,757,955.60. The trade was a 8.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Pc Nelson Griggs sold 6,000 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $75.71, for a total transaction of $454,260.00. Following the completion of the transaction, the insider now owns 215,563 shares of the company’s stock, valued at $16,320,274.73. This trade represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,384 shares of company stock valued at $2,860,902. Insiders own 0.70% of the company’s stock.

Institutional Trading of Nasdaq

Several large investors have recently bought and sold shares of the company. Citizens Financial Group Inc. RI raised its position in shares of Nasdaq by 3.6% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider’s stock worth $290,000 after acquiring an additional 137 shares in the last quarter. First Pacific Financial raised its holdings in Nasdaq by 1.0% in the third quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock worth $1,011,000 after purchasing an additional 142 shares in the last quarter. Crestwood Advisors Group LLC raised its holdings in Nasdaq by 4.2% in the third quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 149 shares in the last quarter. Kentucky Retirement Systems boosted its holdings in shares of Nasdaq by 0.5% during the 3rd quarter. Kentucky Retirement Systems now owns 28,828 shares of the financial services provider’s stock valued at $2,105,000 after buying an additional 154 shares in the last quarter. Finally, Signaturefd LLC grew its position in shares of Nasdaq by 2.5% in the 3rd quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider’s stock worth $481,000 after buying an additional 162 shares during the period. 72.47% of the stock is owned by institutional investors.

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.