B. Metzler seel. Sohn & Co. Holding AG Acquires New Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the third quarter, Holdings Channel reports. The firm bought 52,131 shares of the financial services provider’s stock, valued at approximately $3,806,000.

A number of other institutional investors also recently modified their holdings of the company. Y.D. More Investments Ltd grew its stake in Nasdaq by 94.8% in the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock valued at $25,000 after buying an additional 202 shares during the last quarter. Hobbs Group Advisors LLC acquired a new stake in shares of Nasdaq in the second quarter valued at about $26,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Nasdaq in the third quarter valued at about $27,000. Crewe Advisors LLC increased its stake in shares of Nasdaq by 164.4% in the second quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 314 shares during the period. Finally, LRI Investments LLC acquired a new position in shares of Nasdaq during the 1st quarter worth about $31,000. Institutional investors own 72.47% of the company’s stock.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 12,075 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $78.75, for a total value of $950,906.25. Following the transaction, the executive vice president now directly owns 102,505 shares of the company’s stock, valued at approximately $8,072,268.75. This trade represents a 10.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bradley J. Peterson sold 13,642 shares of the company’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 sale, the executive vice president now owns 142,830 shares of the company’s stock, valued at $10,757,955.60. The trade was a 8.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 49,459 shares of company stock valued at $3,811,808 over the last quarter. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Stock Down 0.1 %

Shares of NDAQ opened at $80.08 on Thursday. The company has a market capitalization of $46.03 billion, a P/E ratio of 47.95, a PEG ratio of 3.07 and a beta of 0.95. Nasdaq, Inc. has a one year low of $53.62 and a one year high of $81.08. The business’s 50 day simple moving average is $74.78 and its 200-day simple moving average is $67.82. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the business earned $0.71 earnings per share. The business’s revenue for the quarter was up 21.9% on a year-over-year basis. As a group, sell-side analysts predict that Nasdaq, Inc. will post 2.78 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Friday, December 6th. Nasdaq’s dividend payout ratio is currently 57.49%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NDAQ shares. TD Cowen reduced their price objective on Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, October 28th. The Goldman Sachs Group boosted their price objective on shares of Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Keefe, Bruyette & Woods lifted their target price on Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft raised their price objective on Nasdaq from $78.00 to $80.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Finally, Morgan Stanley boosted their price objective on Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Nasdaq has a consensus rating of “Moderate Buy” and a consensus target price of $80.87.

Nasdaq Profile

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.