Flossbach Von Storch SE Decreases Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Flossbach Von Storch SE decreased its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 4.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,117,101 shares of the financial services provider’s stock after selling 51,430 shares during the period. Flossbach Von Storch SE’s holdings in Nasdaq were worth $86,363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC acquired a new stake in Nasdaq during the 3rd quarter worth about $90,000. Creative Planning grew its position in Nasdaq by 6.8% during the 3rd quarter. Creative Planning now owns 54,917 shares of the financial services provider’s stock worth $4,010,000 after purchasing an additional 3,475 shares during the period. Blue Trust Inc. grew its position in Nasdaq by 96.3% during the 3rd quarter. Blue Trust Inc. now owns 2,846 shares of the financial services provider’s stock worth $208,000 after purchasing an additional 1,396 shares during the period. Allspring Global Investments Holdings LLC grew its position in Nasdaq by 12.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 20,301 shares of the financial services provider’s stock worth $1,482,000 after purchasing an additional 2,171 shares during the period. Finally, Ledyard National Bank acquired a new stake in Nasdaq during the 3rd quarter worth about $243,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Activity at Nasdaq

In related news, EVP Bryan Everard Smith sold 3,500 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the transaction, the executive vice president now owns 55,576 shares in the company, valued at approximately $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.70% of the stock is owned by insiders.

Analysts Set New Price Targets

NDAQ has been the topic of several analyst reports. Morgan Stanley increased their price target on Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Barclays dropped their target price on Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Saturday, December 14th. Keefe, Bruyette & Woods raised their target price on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Finally, TD Cowen dropped their target price on Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Nasdaq presently has a consensus rating of “Moderate Buy” and an average target price of $86.88.

Nasdaq Stock Up 1.7 %

NDAQ stock opened at $82.59 on Thursday. The firm has a market cap of $47.47 billion, a PE ratio of 43.02, a PEG ratio of 2.09 and a beta of 0.99. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The firm’s 50 day moving average price is $79.58 and its 200-day moving average price is $76.26. Nasdaq, Inc. has a one year low of $54.90 and a one year high of $84.15.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. On average, equities research analysts anticipate that Nasdaq, Inc. will post 3.17 EPS for the current year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.16%. Nasdaq’s dividend payout ratio (DPR) is presently 50.00%.

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.