Natixis Advisors LLC Takes $3.93 Million Position in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Key Points

• Natixis Advisors LLC acquired 18,179 shares of MarketAxess Holdings Inc. worth approximately $3.93 million in its recent 13F filing with the SEC.
• MarketAxess reported earnings of $2.00 EPS for the quarter, surpassing analyst estimates, with revenue of $219.46 million, which is an 11% increase year-over-year.
• Analysts have mixed ratings on MarketAxess, with an average price target of $240.67, indicating a general hold consensus among research analysts.

Natixis Advisors LLC bought a new position in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 18,179 shares of the financial services provider's stock, valued at approximately $3,933,000.

Other large investors have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB boosted its holdings in MarketAxess by 49.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 164 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 54 shares during the last quarter. State of Wyoming lifted its position in MarketAxess by 13.6% during the 4th quarter. State of Wyoming now owns 483 shares of the financial services provider's stock valued at $109,000 after purchasing an additional 58 shares during the period. Federated Hermes Inc. boosted its stake in shares of MarketAxess by 13.0% in the 1st quarter. Federated Hermes Inc. now owns 522 shares of the financial services provider's stock valued at $113,000 after purchasing an additional 60 shares during the last quarter. Guggenheim Capital LLC grew its position in shares of MarketAxess by 3.7% during the 4th quarter. Guggenheim Capital LLC now owns 1,701 shares of the financial services provider's stock worth $384,000 after buying an additional 61 shares during the period. Finally, Colonial Trust Co SC grew its position in shares of MarketAxess by 20.2% during 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 during the period. 99.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on MKTX shares. Piper Sandler restated a "neutral" rating and issued a $204.00 price objective (up from $202.00) on shares of MarketAxess in a report on Tuesday, July 15th. UBS Group cut their price target on MarketAxess from $295.00 to $255.00 and set a "buy" rating on the stock in a research note on Thursday. Morgan Stanley decreased their price objective on MarketAxess from $283.00 to $274.00 and set an "overweight" rating for the company in a research note on Tuesday, July 15th. Wall Street Zen lowered MarketAxess from a "hold" rating to a "sell" rating in a research note on Sunday, July 20th. Finally, Citigroup raised their target price on MarketAxess from $250.00 to $265.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $232.11.

MarketAxess Stock Performance

MKTX stock traded down $2.37 during midday trading on Thursday, hitting $184.43. 1,348,686 shares of the company's stock were exchanged, compared to its average volume of 425,650. MarketAxess Holdings Inc. has a one year low of $182.99 and a one year high of $296.68. The company has a market cap of $6.92 billion, a PE ratio of 31.05, a price-to-earnings-growth ratio of 2.46 and a beta of 0.84. The stock's fifty day moving average price is $216.17 and its 200-day moving average price is $213.80.

MarketAxess (NASDAQ:MKTX - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $2.00 EPS for the quarter, topping analysts' consensus estimates of $1.94 by $0.06. MarketAxess had a return on equity of 20.41% and a net margin of 26.62%. The company had revenue of $219.46 million for the quarter, compared to analyst estimates of $218.05 million. During the same quarter last year, the firm posted $1.72 earnings per share. MarketAxess's revenue was up 11.0% compared to the same quarter last year. On average, analysts expect that MarketAxess Holdings Inc. will post 7.79 EPS for the current year.

MarketAxess Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $3.04 dividend on an annualized basis and a yield of 1.6%. MarketAxess's payout ratio is presently 51.18%.

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.