Commerzbank Aktiengesellschaft FI Purchases 1,045 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Commerzbank Aktiengesellschaft FI lifted its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 34.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,064 shares of the financial services provider’s stock after acquiring an additional 1,045 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Nasdaq were worth $315,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Saturday, December 14th. Keefe, Bruyette & Woods increased their price objective on shares of Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. increased their price objective on shares of Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. UBS Group increased their price objective on shares of Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Finally, Citigroup increased their price objective on shares of Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Nasdaq presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.88.

Insider Transactions at Nasdaq

In related news, EVP Bryan Everard Smith sold 3,500 shares of the firm’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 directly owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ opened at $78.80 on Thursday. The firm has a fifty day moving average price of $79.92 and a 200-day moving average price of $77.13. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The stock 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 1 year low of $56.75 and a 1 year high of $84.15.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping 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%. Equities analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.24 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.22%. 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.