Caisse de depot et placement du Quebec bought a new position in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm bought 23,004 shares of the financial services provider's stock, valued at approximately $2,611,000. Caisse de depot et placement du Quebec owned approximately 0.07% of MarketAxess as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in MarketAxess in the 2nd quarter worth $453,941,000. Primecap Management Co. CA purchased a new stake in MarketAxess during the 2nd quarter valued at about $397,772,000. AQR Capital Management LLC grew its stake in MarketAxess by 169.0% during the 4th quarter. AQR Capital Management LLC now owns 2,558,097 shares of the financial services provider's stock valued at $463,655,000 after purchasing an additional 1,607,009 shares during the last quarter. North Reef Capital Management LP increased its holdings in shares of MarketAxess by 16.5% in the first quarter. North Reef Capital Management LP now owns 1,875,000 shares of the financial services provider's stock valued at $309,338,000 after purchasing an additional 265,670 shares during the period. Finally, State Street Corp increased its holdings in shares of MarketAxess by 4.6% in the second quarter. State Street Corp now owns 1,532,696 shares of the financial services provider's stock valued at $342,312,000 after purchasing an additional 67,290 shares during the period. Hedge funds and other institutional investors own 99.01% of the company's stock.
MarketAxess Stock Performance
MKTX opened at $162.72 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a fifty day moving average price of $136.14 and a 200 day moving average price of $150.83. MarketAxess Holdings Inc. has a 1 year low of $108.75 and a 1 year high of $195.96. The stock has a market cap of $5.73 billion, a P/E ratio of 19.19, a P/E/G ratio of 2.07 and a beta of 0.83.
MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.85 by $0.10. MarketAxess had a net margin of 35.22% and a return on equity of 22.48%. The firm had revenue of $218.41 million for the quarter, compared to the consensus estimate of $216.70 million. During the same period in the prior year, the firm posted $2.00 earnings per share. The firm's quarterly revenue was down .5% compared to the same quarter last year. Equities research analysts anticipate that MarketAxess Holdings Inc. will post 8.06 earnings per share for the current year.
MarketAxess Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, August 19th. MarketAxess's dividend payout ratio is presently 36.79%.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on MKTX. Piper Sandler cut their price target on shares of MarketAxess from $175.00 to $128.00 and set a "neutral" rating on the stock in a report on Wednesday, July 15th. Rothschild & Co Redburn restated a "neutral" rating and set a $134.00 price objective (down from $189.00) on shares of MarketAxess in a research note on Thursday, June 11th. Morgan Stanley dropped their price objective on shares of MarketAxess from $195.00 to $129.00 and set an "equal weight" rating on the stock in a report on Friday, July 10th. Weiss Ratings reiterated a "sell (d+)" rating on shares of MarketAxess in a research note on Monday, August 3rd. Finally, Benchmark reissued a "buy" rating on shares of MarketAxess in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, MarketAxess has a consensus rating of "Hold" and a consensus target price of $156.10.
Check Out Our Latest Stock Report on MKTX
About MarketAxess
(
Free Report)
MarketAxess Holdings Inc operates a leading global electronic trading platform specializing in fixed-income securities and related products. The company's network enables institutional investors and broker-dealers to trade corporate bonds, municipal securities, emerging markets debt, U.S. Treasuries and credit default swaps in an automated, multi-dealer environment. MarketAxess also offers portfolio trading, data analytics, best-execution tools and post-trade services to streamline workflows and enhance price discovery across its marketplace.
In addition to core voice-like trading protocols, MarketAxess provides Open Trading®, an anonymous, all-to-all trading protocol designed to improve liquidity and transaction efficiency.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider MarketAxess, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MarketAxess wasn't on the list.
While MarketAxess currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The space race is growing fast, and you don’t have to have gotten in early on SpaceX to profit. This report shows seven space stocks you can buy today that may grow as rockets, satellites, defense, space internet, and new space technology become more important.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
