1,501 Shares in MarketAxess Holdings Inc. (NASDAQ:MKTX) Acquired by Focus Partners Wealth

Focus Partners Wealth bought a new position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 1,501 shares of the financial services provider's stock, valued at approximately $339,000.

Several other institutional investors also recently made changes to their positions in the stock. Ensign Peak Advisors Inc boosted its position in shares of MarketAxess by 20.0% during the 4th quarter. Ensign Peak Advisors Inc now owns 14,997 shares of the financial services provider's stock worth $3,390,000 after purchasing an additional 2,500 shares in the last quarter. Deutsche Bank AG boosted its position in shares of MarketAxess by 19.7% in the 4th quarter. Deutsche Bank AG now owns 264,872 shares of the financial services provider's stock worth $59,872,000 after buying an additional 43,576 shares in the last quarter. Colonial Trust Co SC boosted its position in shares of MarketAxess by 20.2% in the 4th quarter. Colonial Trust Co SC now owns 422 shares of the financial services provider's stock worth $95,000 after buying an additional 71 shares in the last quarter. Crestline Management LP boosted its position in shares of MarketAxess by 26.4% in the 4th quarter. Crestline Management LP now owns 8,851 shares of the financial services provider's stock worth $2,001,000 after buying an additional 1,850 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of MarketAxess by 7.6% in the 4th quarter. Cetera Investment Advisers now owns 3,340 shares of the financial services provider's stock worth $755,000 after buying an additional 237 shares in the last quarter. 99.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on MKTX. Morgan Stanley boosted their price objective on shares of MarketAxess from $263.00 to $283.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. UBS Group decreased their price objective 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. William Blair began coverage on shares of MarketAxess in a report on Friday, April 4th. They issued an "outperform" rating on the stock. Bank of America upped their target price on shares of MarketAxess from $189.00 to $191.00 and gave the company an "underperform" rating in a report on Wednesday, April 2nd. Finally, Wall Street Zen upgraded shares of MarketAxess from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, MarketAxess has a consensus rating of "Hold" and an average target price of $241.78.

MarketAxess Stock Up 0.0%

Shares of MKTX stock traded up $0.02 during trading hours on Tuesday, hitting $217.87. 378,982 shares of the company were exchanged, compared to its average volume of 502,421. The firm has a market cap of $8.17 billion, a PE ratio of 29.97, a PEG ratio of 3.89 and a beta of 0.89. MarketAxess Holdings Inc. has a 1 year low of $186.84 and a 1 year high of $296.68. The firm has a fifty day moving average of $217.97 and a 200 day moving average of $222.38.

MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.05. The business had revenue of $208.58 million for 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 revenue was down .8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.92 EPS. Analysts expect 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. Stockholders 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 dividend yield of 1.40%. MarketAxess's 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.