Allianz Asset Management GmbH Raises Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Allianz Asset Management GmbH increased its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 34.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 552,681 shares of the financial services provider’s stock after acquiring an additional 141,750 shares during the period. Allianz Asset Management GmbH owned approximately 0.10% of Nasdaq worth $42,728,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Creative Planning grew its stake in shares of Nasdaq by 6.8% in the 3rd quarter. Creative Planning now owns 54,917 shares of the financial services provider’s stock worth $4,010,000 after buying an additional 3,475 shares during the last quarter. Blue Trust Inc. boosted its holdings in Nasdaq by 96.3% in the third quarter. Blue Trust Inc. now owns 2,846 shares of the financial services provider’s stock worth $208,000 after acquiring an additional 1,396 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Nasdaq by 12.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 20,301 shares of the financial services provider’s stock worth $1,482,000 after acquiring an additional 2,171 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Nasdaq by 2.5% during the third quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider’s stock valued at $481,000 after acquiring an additional 162 shares in the last quarter. Finally, Private Advisor Group LLC raised its position in shares of Nasdaq by 7.9% in the 3rd quarter. Private Advisor Group LLC now owns 10,860 shares of the financial services provider’s stock worth $793,000 after purchasing an additional 795 shares during the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Performance

NDAQ opened at $81.07 on Friday. The company’s 50 day moving average is $79.63 and its 200 day moving average is $76.49. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The company has a market cap of $46.60 billion, a price-to-earnings ratio of 42.22, a PEG ratio of 2.12 and a beta of 0.99. Nasdaq, Inc. has a 12-month low of $55.51 and a 12-month high of $84.15.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, topping 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 predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.18%. The ex-dividend date is Friday, March 14th. Nasdaq’s dividend payout ratio is presently 50.00%.

Insiders Place Their Bets

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the transaction, the executive vice president now directly owns 55,576 shares in the company, valued at $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on NDAQ shares. Raymond James increased their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. JPMorgan Chase & Co. increased their price target on shares of Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. William Blair began coverage on shares of Nasdaq in a research report on Monday, November 25th. They set an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft raised Nasdaq from a “hold” rating to a “buy” rating and upped their price objective for the company from $80.00 to $98.00 in a research report on Wednesday, January 8th. Finally, Oppenheimer lifted their target price on Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a report on Monday, January 13th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $86.88.

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.