Achmea Investment Management B.V. acquired a new stake in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,481 shares of the financial services provider's stock, valued at approximately $1,618,000.
Other large investors also recently bought and sold shares of the company. Allianz SE acquired a new position in MarketAxess in the fourth quarter valued at $27,000. Smartleaf Asset Management LLC boosted its stake in MarketAxess by 495.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 104 shares in the last quarter. SRS Capital Advisors Inc. boosted its stake in MarketAxess by 13,900.0% in 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. Huntington National Bank boosted its stake in MarketAxess by 185.7% in the fourth quarter. Huntington National Bank now owns 160 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 104 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake 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 in the last quarter. Institutional investors and hedge funds own 99.01% of the company's stock.
Analyst Ratings Changes
Several research firms have issued reports on MKTX. Wall Street Zen downgraded shares of MarketAxess from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. UBS Group reduced their target price 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. Piper Sandler reduced their target price on shares of MarketAxess from $213.00 to $202.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Citigroup upped their target price on shares of MarketAxess from $250.00 to $265.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, MarketAxess presently has an average rating of "Hold" and a consensus price target of $241.78.
Get Our Latest Analysis on MarketAxess
MarketAxess Stock Down 0.5%
NASDAQ MKTX opened at $219.55 on Friday. The stock has a market capitalization of $8.23 billion, a P/E ratio of 38.18, a P/E/G ratio of 2.85 and a beta of 0.84. MarketAxess Holdings Inc. has a 52-week low of $186.84 and a 52-week high of $296.68. The firm has a 50-day moving average price of $220.84 and a 200 day moving average price of $216.43.
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 (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.05. The firm had revenue of $208.58 million during the quarter, compared to analysts' expectations of $211.81 million. MarketAxess had a net margin of 26.57% and a return on equity of 19.93%. The firm's revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the company posted $1.92 earnings per share. On average, equities research analysts expect that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.
MarketAxess Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st were issued a dividend of $0.76 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $3.04 annualized dividend and a yield of 1.38%. MarketAxess's dividend payout ratio is currently 52.87%.
MarketAxess Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding MKTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report).
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