Asset Management One Co. Ltd. Lowers Stock Position in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Asset Management One Co. Ltd. lessened its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 89.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,614 shares of the financial services provider's stock after selling 13,655 shares during the period. Asset Management One Co. Ltd.'s holdings in MarketAxess were worth $349,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of MKTX. Allianz SE purchased a new stake in shares of MarketAxess in the 4th quarter worth approximately $27,000. Smartleaf Asset Management LLC lifted its position in shares of MarketAxess by 495.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock worth $28,000 after purchasing an additional 104 shares during the period. SRS Capital Advisors Inc. lifted its position in shares of MarketAxess by 13,900.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock worth $32,000 after purchasing an additional 139 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of MarketAxess by 49.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 164 shares of the financial services provider's stock worth $35,000 after purchasing an additional 54 shares during the period. Finally, Huntington National Bank lifted its position in shares of MarketAxess by 185.7% in the 4th quarter. Huntington National Bank now owns 160 shares of the financial services provider's stock worth $36,000 after purchasing an additional 104 shares during the period. Hedge funds and other institutional investors own 99.01% of the company's stock.

Analyst Ratings Changes

MKTX has been the subject of several recent analyst reports. 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 note on Thursday, May 8th. Citigroup boosted their price objective on shares of MarketAxess from $250.00 to $265.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Wall Street Zen lowered shares of MarketAxess from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Barclays boosted their price objective on shares of MarketAxess from $232.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 8th. Finally, Piper Sandler reduced their price objective on shares of MarketAxess from $213.00 to $202.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $241.78.

MarketAxess Trading Up 1.7%

Shares of MarketAxess stock opened at $223.34 on Tuesday. MarketAxess Holdings Inc. has a 12-month low of $186.84 and a 12-month high of $296.68. The firm has a market capitalization of $8.38 billion, a price-to-earnings ratio of 38.84, a PEG ratio of 2.85 and a beta of 0.84. The firm's 50 day simple moving average is $220.86 and its two-hundred day simple moving average is $216.22.

MarketAxess (NASDAQ:MKTX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.82 by $0.05. MarketAxess had a net margin of 26.57% and a return on equity of 19.93%. The business had revenue of $208.58 million for the quarter, compared to analyst estimates of $211.81 million. During the same quarter in the prior year, the business posted $1.92 EPS. MarketAxess's revenue for the quarter was down .8% compared to the same quarter last year. On average, sell-side analysts predict that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.

MarketAxess Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st were issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Wednesday, May 21st. MarketAxess's dividend payout ratio (DPR) is currently 52.87%.

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.

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