Nasdaq, Inc. (NASDAQ:NDAQ) Stake Cut by Truist Financial Corp

Truist Financial Corp decreased its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 43.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 549,438 shares of the financial services provider's stock after selling 430,812 shares during the quarter. Truist Financial Corp owned about 0.10% of Nasdaq worth $42,477,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new stake in shares of Nasdaq in the 3rd quarter worth approximately $27,000. Founders Capital Management purchased a new position in shares of Nasdaq in the fourth quarter valued at $27,000. Claro Advisors LLC acquired a new position in shares of Nasdaq during the 3rd quarter worth $33,000. Raleigh Capital Management Inc. raised its stake in shares of 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 last quarter. Finally, Focused Wealth Management Inc purchased a new stake in shares of Nasdaq in the 3rd quarter worth about $35,000. Institutional investors and hedge funds own 72.47% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. StockNews.com upgraded shares of Nasdaq from a "sell" rating to a "hold" rating in a research report on Saturday, December 14th. Barclays lowered their target price on Nasdaq from $96.00 to $95.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. JPMorgan Chase & Co. boosted their price target on Nasdaq from $88.00 to $95.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. TD Cowen decreased 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. Finally, Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $80.00 to $98.00 in a research report on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $86.88.

Insider Activity at Nasdaq

In related news, EVP Bryan Everard Smith sold 3,500 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the sale, 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 accessible through this link. 0.70% of the stock is currently owned by company insiders.

Nasdaq Stock Down 1.8 %

Nasdaq stock traded down $1.47 during midday trading on Friday, hitting $81.07. 2,154,658 shares of the company were exchanged, compared to its average volume of 2,685,481. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. Nasdaq, Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $84.15. The company's fifty day moving average price is $79.61 and its 200-day moving average price is $76.30. The company has a market cap of $46.60 billion, a PE ratio of 42.22, a price-to-earnings-growth ratio of 2.12 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. On average, research analysts predict that Nasdaq, Inc. will post 3.17 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Friday, March 14th. Nasdaq's dividend payout ratio (DPR) is 50.00%.

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.