Apollon Wealth Management LLC Lowers Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Apollon Wealth Management LLC decreased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 11.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,097 shares of the financial services provider’s stock after selling 1,331 shares during the quarter. Apollon Wealth Management LLC’s holdings in Nasdaq were worth $781,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NDAQ. Wellington Management Group LLP lifted its stake in shares of Nasdaq by 163.3% during the 3rd quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock valued at $2,835,235,000 after buying an additional 24,084,154 shares in the last quarter. Mizuho Securities USA LLC lifted its stake in shares of Nasdaq by 13,532.3% during the 3rd quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock valued at $292,040,000 after buying an additional 3,970,658 shares in the last quarter. State Street Corp lifted its stake in Nasdaq by 11.2% in the 3rd quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock worth $1,310,653,000 after purchasing an additional 1,811,616 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in Nasdaq in the 4th quarter worth $110,867,000. Finally, Harris Associates L P lifted its stake in Nasdaq by 14.6% in the 3rd quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock worth $627,596,000 after purchasing an additional 1,096,090 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insiders Place Their Bets

In other Nasdaq news, EVP Jeremy Skule sold 12,075 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $78.75, for a total value of $950,906.25. Following the transaction, the executive vice president now directly owns 102,505 shares in the company, valued at $8,072,268.75. This represents a 10.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Bryan Everard Smith sold 3,500 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the transaction, the executive vice president now owns 55,576 shares in the company, valued at $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. William Blair assumed coverage on shares of Nasdaq in a research note on Monday, November 25th. They issued an “outperform” rating on the stock. TD Cowen decreased their price target on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday, October 28th. JPMorgan Chase & Co. boosted their price target on shares of Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Finally, StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Saturday, December 14th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.88.

Nasdaq Stock Performance

Shares of NASDAQ:NDAQ opened at $80.29 on Wednesday. The company has a market capitalization of $46.15 billion, a price-to-earnings ratio of 41.82, a PEG ratio of 2.15 and a beta of 0.99. Nasdaq, Inc. has a 12 month low of $54.90 and a 12 month high of $84.15. The firm’s 50-day moving average is $79.53 and its 200 day moving average is $75.75. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Research analysts predict that Nasdaq, Inc. will post 3.17 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.24 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.20%. Nasdaq’s dividend payout ratio is currently 50.00%.

About Nasdaq

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.