BNP Paribas Financial Markets Raises Position in MarketAxess Holdings Inc. (NASDAQ:MKTX)

BNP Paribas Financial Markets lifted its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 48.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 101,442 shares of the financial services provider's stock after buying an additional 33,078 shares during the quarter. BNP Paribas Financial Markets owned 0.27% of MarketAxess worth $22,930,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global X Japan Co. Ltd. lifted its position in shares of MarketAxess by 179.5% during 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 in the last quarter. Allianz SE purchased a new stake in MarketAxess during the 4th quarter worth $27,000. Smartleaf Asset Management LLC boosted its position in MarketAxess by 495.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock valued at $28,000 after buying an additional 104 shares during the last quarter. SRS Capital Advisors Inc. grew its stake in shares of MarketAxess by 13,900.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 139 shares in the last quarter. Finally, Huntington National Bank increased its position in shares of MarketAxess by 185.7% during the fourth quarter. Huntington National Bank now owns 160 shares of the financial services provider's stock worth $36,000 after acquiring an additional 104 shares during the last quarter. 99.01% of the stock is owned by institutional investors and hedge funds.

MarketAxess Price Performance

NASDAQ:MKTX opened at $230.97 on Friday. MarketAxess Holdings Inc. has a 12-month low of $186.84 and a 12-month high of $296.68. The business has a 50 day simple moving average of $216.59 and a 200 day simple moving average of $228.47. The firm has a market capitalization of $8.59 billion, a P/E ratio of 31.77, a P/E/G ratio of 3.89 and a beta of 0.89.

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

MarketAxess Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $0.76 per share. The ex-dividend date is Wednesday, May 21st. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.32%. MarketAxess's dividend payout ratio (DPR) is presently 52.87%.

Analyst Ratings Changes

A number of research analysts recently commented on MKTX shares. Piper Sandler reduced their price target on MarketAxess from $213.00 to $202.00 and set a "neutral" rating for the company in a report on Thursday. UBS Group dropped their price target on shares of MarketAxess from $305.00 to $295.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Keefe, Bruyette & Woods increased their price objective on shares of MarketAxess from $223.00 to $226.00 and gave the company a "market perform" rating in a research note on Thursday. Barclays boosted their target price on shares of MarketAxess from $232.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Thursday. Finally, Bank of America lifted their price target on MarketAxess from $189.00 to $191.00 and gave the stock an "underperform" rating in a research note on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price 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.

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