Deutsche Bank AG Has $59.87 Million Stake in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Deutsche Bank AG raised its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 19.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 264,872 shares of the financial services provider's stock after buying an additional 43,576 shares during the period. Deutsche Bank AG owned 0.70% of MarketAxess worth $59,872,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of 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 purchasing an additional 90,805 shares during the last quarter. FMR LLC boosted its stake in MarketAxess by 17.4% during the 4th quarter. FMR LLC now owns 2,300,536 shares of the financial services provider's stock valued at $520,013,000 after purchasing an additional 341,493 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in MarketAxess by 11.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,298,409 shares of the financial services provider's stock valued at $519,533,000 after buying an additional 236,118 shares during the last quarter. Van ECK Associates Corp grew its holdings in MarketAxess by 13.4% in 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 last quarter. Finally, Primecap Management Co. CA lifted its holdings in shares of MarketAxess by 2.3% during the fourth quarter. Primecap Management Co. CA now owns 1,369,102 shares of the financial services provider's stock worth $309,472,000 after buying an additional 30,180 shares during the last quarter. Institutional investors and hedge funds own 99.01% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. UBS Group dropped their target price on shares of MarketAxess from $305.00 to $295.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Morgan Stanley upped their price objective on shares of MarketAxess from $263.00 to $283.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Keefe, Bruyette & Woods increased their target price on shares of MarketAxess from $223.00 to $226.00 and gave the company a "market perform" rating in a research note on Thursday, May 8th. The Goldman Sachs Group lowered their price target on MarketAxess from $235.00 to $210.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. Finally, Bank of America raised their price objective on MarketAxess from $189.00 to $191.00 and gave the stock an "underperform" rating in a research report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $241.78.

MarketAxess Price Performance

Shares of MarketAxess stock traded up $2.48 during midday trading on Friday, hitting $216.01. 530,864 shares of the company were exchanged, compared to its average volume of 497,630. The firm has a 50 day simple moving average of $217.23 and a 200-day simple moving average of $226.40. The firm has a market cap of $8.10 billion, a P/E ratio of 29.71, a PEG ratio of 3.89 and a beta of 0.89. MarketAxess Holdings Inc. has a 52 week low of $186.84 and a 52 week high of $296.68.

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

MarketAxess Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors 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 yield of 1.41%. The ex-dividend date is Wednesday, May 21st. MarketAxess's dividend payout ratio is currently 52.87%.

MarketAxess 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.