650,366 Shares in Nasdaq, Inc. $NDAQ Purchased by Munich Reinsurance Co Stock Corp in Munich

Munich Reinsurance Co Stock Corp in Munich purchased a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 650,366 shares of the financial services provider’s stock, valued at approximately $57,525,000. Nasdaq accounts for approximately 1.4% of Munich Reinsurance Co Stock Corp in Munich’s investment portfolio, making the stock its 28th largest holding. Munich Reinsurance Co Stock Corp in Munich owned about 0.11% of Nasdaq as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in NDAQ. Blair William & Co. IL lifted its position in shares of Nasdaq by 5.9% during the 3rd quarter. Blair William & Co. IL now owns 616,622 shares of the financial services provider’s stock worth $54,540,000 after buying an additional 34,524 shares during the period. Baltimore Washington Financial Advisors Inc. acquired a new position in Nasdaq during the third quarter worth $17,353,000. First Trust Advisors LP lifted its holdings in shares of Nasdaq by 3.8% during the third quarter. First Trust Advisors LP now owns 666,369 shares of the financial services provider’s stock valued at $58,940,000 after acquiring an additional 24,514 shares during the period. Neuberger Berman Group LLC boosted its stake in shares of Nasdaq by 1.6% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,734,130 shares of the financial services provider’s stock valued at $241,834,000 after purchasing an additional 43,944 shares in the last quarter. Finally, Aptus Capital Advisors LLC grew its holdings in shares of Nasdaq by 31.5% in the 3rd quarter. Aptus Capital Advisors LLC now owns 3,359 shares of the financial services provider’s stock worth $297,000 after purchasing an additional 804 shares during the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Nasdaq news, CEO Adena T. Friedman sold 300,000 shares of the stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $96.39, for a total value of $28,917,000.00. Following the transaction, the chief executive officer owned 1,924,903 shares of the company’s stock, valued at approximately $185,541,400.17. This represents a 13.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John Zecca sold 4,500 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $100.01, for a total value of $450,045.00. Following the transaction, the executive vice president owned 125,674 shares in the company, valued at approximately $12,568,656.74. This trade represents a 3.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 604,500 shares of company stock worth $58,440,045 in the last ninety days. Insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NDAQ shares. Royal Bank Of Canada reissued an “outperform” rating and set a $108.00 price target on shares of Nasdaq in a report on Friday, January 30th. Morgan Stanley set a $116.00 price objective on shares of Nasdaq and gave the stock an “overweight” rating in a research note on Friday, January 30th. Argus raised shares of Nasdaq to a “strong-buy” rating in a report on Wednesday, February 11th. TD Cowen raised Nasdaq from a “hold” rating to a “buy” rating and boosted their target price for the stock from $105.00 to $106.00 in a report on Thursday, February 26th. Finally, Barclays restated an “overweight” rating and set a $115.00 price target (up from $114.00) on shares of Nasdaq in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $103.80.

Nasdaq Stock Performance

NDAQ stock opened at $88.43 on Friday. The company has a 50 day moving average price of $91.78 and a 200 day moving average price of $91.03. Nasdaq, Inc. has a fifty-two week low of $64.84 and a fifty-two week high of $101.79. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $50.27 billion, a PE ratio of 28.62, a price-to-earnings-growth ratio of 1.45 and a beta of 1.03.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, January 29th. The financial services provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Nasdaq had a return on equity of 16.90% and a net margin of 21.77%.The business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period last year, the firm earned $0.76 EPS. Analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, March 16th. Nasdaq’s dividend payout ratio (DPR) is 34.95%.

Nasdaq Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.