Centiva Capital LP Purchases 6,274 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Centiva Capital LP boosted its position in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 484.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,569 shares of the financial services provider's stock after acquiring an additional 6,274 shares during the quarter. Centiva Capital LP's holdings in MarketAxess were worth $1,711,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in MarketAxess by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 4,434,946 shares of the financial services provider's stock valued at $1,002,475,000 after buying an additional 90,805 shares during the period. FMR LLC lifted its stake in shares of MarketAxess by 17.4% during the fourth quarter. FMR LLC now owns 2,300,536 shares of the financial services provider's stock worth $520,013,000 after purchasing an additional 341,493 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of MarketAxess by 11.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,298,409 shares of the financial services provider's stock worth $519,533,000 after buying an additional 236,118 shares during the period. Van ECK Associates Corp raised its holdings in shares of MarketAxess by 13.4% during the 4th quarter. Van ECK Associates Corp now owns 2,000,736 shares of the financial services provider's stock valued at $452,246,000 after buying an additional 236,497 shares during the period. Finally, Primecap Management Co. CA grew its position in MarketAxess by 2.3% in the fourth quarter. Primecap Management Co. CA now owns 1,369,102 shares of the financial services provider's stock valued at $309,472,000 after acquiring an additional 30,180 shares in the last quarter. 99.01% of the stock is currently owned by institutional investors and hedge funds.

MarketAxess Stock Performance

Shares of NASDAQ MKTX traded down $5.26 during mid-day trading on Tuesday, reaching $212.83. The company had a trading volume of 336,233 shares, compared to its average volume of 493,151. MarketAxess Holdings Inc. has a twelve month low of $186.84 and a twelve month high of $296.68. The stock's 50 day moving average is $217.03 and its 200-day moving average is $227.13. The stock has a market capitalization of $7.92 billion, a PE ratio of 29.28, a price-to-earnings-growth ratio of 3.89 and a beta of 0.89.

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

MarketAxess Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $3.04 annualized dividend and a yield of 1.43%. MarketAxess's dividend payout ratio (DPR) is currently 52.87%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Piper Sandler decreased their price objective 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. Citigroup increased their target price on MarketAxess from $250.00 to $265.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Morgan Stanley lifted their price target on shares of MarketAxess from $263.00 to $283.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Bank of America boosted their price objective on MarketAxess from $189.00 to $191.00 and gave the company an "underperform" rating in a report on Wednesday, April 2nd. Finally, UBS Group reduced their price objective on shares of MarketAxess from $305.00 to $295.00 and set a "buy" rating for the company in a report on Monday, April 7th. One 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. Based on data from MarketBeat, MarketAxess currently has a consensus rating of "Hold" and an average 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.