Algert Global LLC Sells 5,170 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Algert Global LLC decreased its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 34.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,700 shares of the financial services provider's stock after selling 5,170 shares during the period. Algert Global LLC's holdings in MarketAxess were worth $2,193,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC raised its position in MarketAxess by 4.0% in the 4th quarter. V Square Quantitative Management LLC now owns 1,340 shares of the financial services provider's stock worth $303,000 after buying an additional 52 shares during the last quarter. Guggenheim Capital LLC raised its holdings in shares of MarketAxess by 3.7% during the fourth quarter. Guggenheim Capital LLC now owns 1,701 shares of the financial services provider's stock valued at $384,000 after purchasing an additional 61 shares during the last quarter. Versor Investments LP lifted its position in MarketAxess by 6.3% during the fourth quarter. Versor Investments LP now owns 1,102 shares of the financial services provider's stock valued at $249,000 after purchasing an additional 65 shares during the period. Global X Japan Co. Ltd. boosted its holdings in MarketAxess by 179.5% in the fourth quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock worth $25,000 after purchasing an additional 70 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in MarketAxess by 2.6% in the 4th quarter. Fifth Third Bancorp now owns 2,979 shares of the financial services provider's stock worth $673,000 after purchasing an additional 75 shares during the period. Hedge funds and other institutional investors own 99.01% of the company's stock.

MarketAxess Stock Performance

Shares of MarketAxess stock traded down $1.48 during trading hours on Wednesday, hitting $211.65. The company's stock had a trading volume of 202,522 shares, compared to its average volume of 496,180. The company has a market cap of $7.87 billion, a PE ratio of 29.11, a PEG ratio of 3.89 and a beta of 0.89. The business has a 50 day moving average price of $217.17 and a two-hundred day moving average price of $227.04. MarketAxess Holdings Inc. has a 12-month low of $186.84 and a 12-month high of $296.68.

MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $1.87 EPS for the quarter, topping analysts' consensus estimates of $1.82 by $0.05. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. The company had revenue of $208.58 million for the quarter, compared to analysts' expectations of $211.81 million. During the same period in the previous year, the firm earned $1.92 EPS. The firm's revenue was down .8% compared to the same quarter last year. As a group, research analysts anticipate that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.

MarketAxess Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Wednesday, May 21st. MarketAxess's dividend payout ratio (DPR) is presently 52.87%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MKTX shares. Citigroup lifted their price objective on MarketAxess from $250.00 to $265.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. William Blair assumed coverage on MarketAxess in a research note on Friday, April 4th. They set an "outperform" rating for the company. Bank of America increased their price objective on shares of MarketAxess from $189.00 to $191.00 and gave the stock an "underperform" rating in a research note on Wednesday, April 2nd. Piper Sandler cut their target price on shares of MarketAxess from $213.00 to $202.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Finally, Barclays upped their target price on shares of MarketAxess from $232.00 to $240.00 and gave the company an "equal weight" rating in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $241.78.

MarketAxess Company Profile

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.