Bank Julius Baer & Co. Ltd Zurich Boosts Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 9.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,723,392 shares of the financial services provider’s stock after buying an additional 330,389 shares during the period. Nasdaq accounts for 1.0% of Bank Julius Baer & Co. Ltd Zurich’s investment portfolio, making the stock its 27th biggest position. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.65% of Nasdaq worth $309,360,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Catalyst Capital Advisors LLC purchased a new stake in Nasdaq during the 3rd quarter worth about $27,000. Founders Capital Management acquired a new stake in shares of Nasdaq during the 4th quarter worth about $27,000. Kestra Investment Management LLC acquired a new stake in shares of Nasdaq during the 4th quarter worth about $33,000. Raleigh Capital Management Inc. grew its holdings in shares of Nasdaq by 106.6% during 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, Peterson Financial Group Inc. acquired a new position in shares of Nasdaq in the third quarter valued at approximately $42,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Nasdaq Stock Down 2.0 %

Shares of Nasdaq stock opened at $74.66 on Friday. The company has a fifty day moving average price of $79.86 and a 200 day moving average price of $77.14. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. Nasdaq, Inc. has a twelve month low of $57.96 and a twelve month high of $84.15. The stock has a market cap of $42.94 billion, a price-to-earnings ratio of 38.89, a price-to-earnings-growth ratio of 2.12 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) 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%. Equities research analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 1.29%. Nasdaq’s dividend payout ratio (DPR) is presently 50.00%.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $4,532,778.56. This represents a 5.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on NDAQ shares. UBS Group raised 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. Barclays decreased their price objective on Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Oppenheimer upped their target price on Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft raised Nasdaq from a “hold” rating to a “buy” rating and raised their price target for the stock from $80.00 to $98.00 in a research note on Wednesday, January 8th. Finally, Citigroup lifted their price target on Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Nasdaq 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.