Commerzbank Aktiengesellschaft FI Boosts Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Commerzbank Aktiengesellschaft FI grew its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 34.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,064 shares of the financial services provider’s stock after buying an additional 1,045 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Nasdaq were worth $315,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Catalyst Capital Advisors LLC purchased a new stake in shares of Nasdaq during the 3rd quarter valued at $27,000. Founders Capital Management purchased a new stake in shares of Nasdaq during the 4th quarter valued at $27,000. Kestra Investment Management LLC purchased a new stake in shares of Nasdaq during the 4th quarter valued at $33,000. Raleigh Capital Management Inc. raised its position in shares of Nasdaq by 106.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock valued at $34,000 after buying an additional 225 shares in the last quarter. Finally, Focused Wealth Management Inc purchased a new stake in shares of Nasdaq during the 3rd quarter valued at $35,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on NDAQ. StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Saturday, December 14th. Barclays decreased their target price on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. JPMorgan Chase & Co. lifted their target price on shares of Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. UBS Group lifted their target price on shares of Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and lifted their target price for the stock from $80.00 to $98.00 in a research report on Wednesday, January 8th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $86.88.

Nasdaq Price Performance

Shares of Nasdaq stock opened at $78.80 on Thursday. The firm has a market cap of $45.32 billion, a PE ratio of 41.04, a price-to-earnings-growth ratio of 2.12 and a beta of 0.99. Nasdaq, Inc. has a 12-month low of $56.75 and a 12-month high of $84.15. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The company’s fifty day simple moving average is $79.92 and its two-hundred day simple moving average is $77.13.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. As a group, equities analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Friday, March 14th. Nasdaq’s payout ratio is 50.00%.

Insider Activity

In other news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the sale, the executive vice president now owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. The trade was a 5.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

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.