Truist Financial Corp Has $179.14 Million Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Truist Financial Corp lowered its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 1.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,972,789 shares of the financial services provider’s stock after selling 48,311 shares during the quarter. Truist Financial Corp owned about 0.52% of Nasdaq worth $179,140,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its position in Nasdaq by 7.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 240,851 shares of the financial services provider’s stock worth $15,198,000 after buying an additional 16,797 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Nasdaq by 312.0% in the first quarter. SG Americas Securities LLC now owns 183,849 shares of the financial services provider’s stock valued at $11,601,000 after purchasing an additional 139,228 shares in the last quarter. Quantbot Technologies LP raised its position in Nasdaq by 237.3% in the 1st quarter. Quantbot Technologies LP now owns 30,845 shares of the financial services provider’s stock worth $1,946,000 after purchasing an additional 21,699 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Nasdaq by 12.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 517,000 shares of the financial services provider’s stock worth $32,624,000 after buying an additional 57,900 shares in the last quarter. Finally, Swedbank AB bought a new position in Nasdaq in the 1st quarter valued at $2,595,000. Institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Up 0.6 %

Shares of Nasdaq stock opened at $73.01 on Tuesday. Nasdaq, Inc. has a 1 year low of $46.88 and a 1 year high of $74.88. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $42.00 billion, a P/E ratio of 38.43, a price-to-earnings-growth ratio of 3.04 and a beta of 0.95. The business has a 50-day moving average of $70.30 and a two-hundred day moving average of $64.21.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, July 25th. The financial services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The business’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period last year, the company posted $0.71 EPS. As a group, equities analysts predict that Nasdaq, Inc. will post 2.75 EPS for the current year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.96 annualized dividend and a yield of 1.31%. Nasdaq’s dividend payout ratio is currently 50.53%.

Insiders Place Their Bets

In other news, major shareholder Seller Lp Argus sold 42,804,207 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $64.58, for a total value of $2,764,295,688.06. Following the sale, 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 accessible through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NDAQ. Oppenheimer boosted their target price on Nasdaq from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Monday, September 9th. Royal Bank of Canada began coverage on shares of Nasdaq in a research report on Friday. They set an “outperform” rating and a $88.00 target price on the stock. Bank of America upgraded shares of Nasdaq from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $53.00 to $90.00 in a research report on Wednesday, September 4th. Keefe, Bruyette & Woods boosted their price target on shares of Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Nasdaq from $66.00 to $72.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Nasdaq has an average rating of “Moderate Buy” and an average price target of $73.87.

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.