Truist Financial Corp Has $42.48 Million Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Truist Financial Corp cut its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 43.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 549,438 shares of the financial services provider’s stock after selling 430,812 shares during the quarter. Truist Financial Corp owned approximately 0.10% of Nasdaq worth $42,477,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new position in Nasdaq during the 3rd quarter worth about $27,000. Founders Capital Management acquired a new position in Nasdaq during the 4th quarter worth about $27,000. Claro Advisors LLC acquired a new position in Nasdaq during the 3rd quarter worth about $33,000. Raleigh Capital Management Inc. lifted its holdings in Nasdaq by 106.6% during the 4th 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 during the period. Finally, Focused Wealth Management Inc acquired a new position in Nasdaq during the 3rd quarter worth about $35,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. William Blair assumed coverage on Nasdaq in a research note on Monday, November 25th. They issued an “outperform” rating on the stock. Oppenheimer boosted their price objective on Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. Morgan Stanley boosted their price objective on Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, December 14th. Finally, TD Cowen dropped their price objective on Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday, October 28th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $86.88.

Nasdaq Stock Performance

Shares of NDAQ opened at $81.24 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The stock has a 50 day moving average price of $79.55 and a two-hundred day moving average price of $76.21. The firm has a market capitalization of $46.69 billion, a P/E ratio of 42.31, a P/E/G ratio of 2.15 and a beta of 0.99. Nasdaq, Inc. has a 52 week low of $54.90 and a 52 week high of $84.15.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping 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 analysts forecast that Nasdaq, Inc. will post 3.17 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Friday, March 14th. Nasdaq’s dividend payout ratio is currently 50.00%.

Insiders Place Their Bets

In other news, EVP Bryan Everard Smith sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Company 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.