Argent Trust Co Has $685,000 Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Argent Trust Co boosted its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 7.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,360 shares of the financial services provider’s stock after buying an additional 750 shares during the period. Argent Trust Co’s holdings in Nasdaq were worth $685,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NDAQ. Y.D. More Investments Ltd lifted its stake in shares of Nasdaq by 94.8% in the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 202 shares during the period. Hobbs Group Advisors LLC bought a new position in Nasdaq during the second quarter worth about $26,000. Salem Investment Counselors Inc. grew its position in shares of Nasdaq by 89.3% during the 1st quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock worth $27,000 after buying an additional 201 shares during the period. Crewe Advisors LLC increased its stake in shares of Nasdaq by 164.4% in the 2nd quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 314 shares during the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of Nasdaq in the 1st quarter valued at approximately $31,000. 72.47% of the stock is owned by institutional investors.

Nasdaq Stock Up 1.9 %

Nasdaq stock opened at $74.29 on Friday. The company has a fifty day simple moving average of $68.61 and a 200 day simple moving average of $63.35. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.85. Nasdaq, Inc. has a 1-year low of $46.88 and a 1-year high of $74.36. The company has a market cap of $42.73 billion, a P/E ratio of 39.10, a price-to-earnings-growth ratio of 2.97 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the business earned $0.71 earnings per share. Nasdaq’s quarterly revenue was up 25.3% on a year-over-year basis. Research analysts anticipate that Nasdaq, Inc. will post 2.74 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Friday, September 13th. Nasdaq’s dividend payout ratio is currently 50.53%.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of a number of recent analyst reports. Bank of America upgraded shares of Nasdaq from an “underperform” rating to a “buy” rating and upped their price objective for the company from $53.00 to $90.00 in a research report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft raised their price target on Nasdaq from $66.00 to $72.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Keefe, Bruyette & Woods boosted their price objective on Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Barclays increased their target price on Nasdaq from $74.00 to $77.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Finally, Oppenheimer lifted their price target on shares of Nasdaq from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday, September 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Nasdaq currently has an average rating of “Moderate Buy” and a consensus price target of $72.08.

Insider Transactions at Nasdaq

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the transaction, the insider now directly owns 42,804,207 shares in the company, valued at $2,764,295,688.06. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.70% of the company’s stock.

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.