Munich Reinsurance Co Stock Corp in Munich Has $70.11 Million Holdings in Nasdaq, Inc. $NDAQ

Munich Reinsurance Co Stock Corp in Munich boosted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 3.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 889,447 shares of the financial services provider’s stock after purchasing an additional 25,524 shares during the period. Nasdaq accounts for 1.6% of Munich Reinsurance Co Stock Corp in Munich’s investment portfolio, making the stock its 22nd biggest holding. Munich Reinsurance Co Stock Corp in Munich owned 0.16% of Nasdaq worth $70,106,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Syon Capital LLC grew its holdings in shares of Nasdaq by 4.1% during the second quarter. Syon Capital LLC now owns 7,866 shares of the financial services provider’s stock valued at $620,000 after buying an additional 312 shares in the last quarter. NEOS Investment Management LLC lifted its stake in Nasdaq by 13.6% in the 2nd quarter. NEOS Investment Management LLC now owns 72,836 shares of the financial services provider’s stock worth $5,741,000 after acquiring an additional 8,730 shares in the last quarter. iSAM Funds UK Ltd acquired a new stake in Nasdaq during the 2nd quarter worth about $434,000. Nykredit A S acquired a new stake in Nasdaq during the 2nd quarter worth about $75,837,000. Finally, B. Metzler seel. Sohn & Co. AG boosted its position in Nasdaq by 1.4% during the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 29,490 shares of the financial services provider’s stock worth $2,324,000 after acquiring an additional 394 shares during the period. 72.47% of the stock is owned by institutional investors and hedge funds.

Nasdaq Stock Performance

Shares of NDAQ opened at $96.88 on Friday. The company has a market capitalization of $54.15 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 1.73 and a beta of 0.97. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.01. Nasdaq, Inc. has a one year low of $76.55 and a one year high of $101.79. The company’s fifty day moving average price is $92.89 and its 200 day moving average price is $88.96.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $1.07 EPS for the quarter, topping the consensus estimate of $0.98 by $0.09. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $1.46 billion. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 EPS. As a group, analysts expect that Nasdaq, Inc. will post 4.15 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, September 11th. Nasdaq’s dividend payout ratio (DPR) is 36.15%.

Analyst Ratings Changes

Several research firms have weighed in on NDAQ. TD Cowen reiterated a “buy” rating and issued a $105.00 price objective (up from $101.00) on shares of Nasdaq in a research note on Monday, July 20th. Raymond James Financial reissued an “outperform” rating and set a $113.00 target price (up from $111.00) on shares of Nasdaq in a research note on Thursday, July 9th. Weiss Ratings restated a “buy (b)” rating on shares of Nasdaq in a report on Monday, July 20th. Barclays reaffirmed an “overweight” rating and issued a $111.00 price target (up from $108.00) on shares of Nasdaq in a research note on Friday, July 24th. Finally, Keefe, Bruyette & Woods increased their price objective on Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $110.30.

Insider Buying and Selling

In other Nasdaq news, major shareholder Ab Investor bought 56,782 shares of Nasdaq stock in a transaction dated Thursday, June 11th. The shares were acquired at an average cost of $85.98 per share, with a total value of $4,882,116.36. Following the acquisition, the insider directly owned 58,439,208 shares of the company’s stock, valued at $5,024,603,103.84. The trade was a 0.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Bradley Peterson sold 13,000 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $92.61, for a total value of $1,203,930.00. Following the sale, the executive vice president owned 128,293 shares in the company, valued at $11,881,214.73. The trade was a 9.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 41,797 shares of company stock worth $3,926,319 in the last 90 days. 0.60% of the stock is owned by company insiders.

About Nasdaq

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.