Skandinaviska Enskilda Banken AB publ Has $7.02 Million Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 9.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,735 shares of the financial services provider’s stock after purchasing an additional 7,876 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Nasdaq were worth $7,021,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Olstein Capital Management L.P. grew its stake in Nasdaq by 35.6% in the 4th quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider’s stock valued at $6,185,000 after buying an additional 21,000 shares during the last quarter. NINE MASTS CAPITAL Ltd acquired a new position in shares of Nasdaq in the fourth quarter valued at approximately $274,000. Pacer Advisors Inc. increased its stake in shares of Nasdaq by 75.7% during the fourth quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider’s stock worth $4,170,000 after purchasing an additional 23,244 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Nasdaq by 26.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,173 shares of the financial services provider’s stock worth $3,454,000 after purchasing an additional 9,130 shares during the last quarter. Finally, USA Financial Formulas bought a new stake in Nasdaq in the 4th quarter valued at $856,000. 72.47% of the stock is owned by institutional investors.

Nasdaq Trading Up 1.5 %

NDAQ opened at $73.26 on Friday. The company’s 50 day moving average price is $79.30 and its two-hundred day moving average price is $77.29. The firm has a market capitalization of $42.14 billion, a price-to-earnings ratio of 38.16, a PEG ratio of 2.12 and a beta of 0.96. Nasdaq, Inc. has a fifty-two week low of $57.96 and a fifty-two week high of $84.15. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data 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 return on equity of 14.82% and a net margin of 15.10%. As a group, research analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq’s payout ratio is presently 50.00%.

Insiders Place Their Bets

In other news, EVP Bryan Everard Smith sold 3,500 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the transaction, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at $4,532,778.56. The trade was a 5.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

NDAQ has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a “hold” rating to a “buy” rating and increased their price objective for the stock from $80.00 to $98.00 in a research report on Wednesday, January 8th. Raymond James lifted their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. UBS Group increased 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. Keefe, Bruyette & Woods boosted their price target on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Finally, Oppenheimer raised their price objective on Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Nasdaq currently has a consensus rating of “Moderate Buy” and a consensus target price 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.