Clear Creek Financial Management LLC bought a new position in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,293 shares of the financial services provider's stock, valued at approximately $280,000.
Several other large investors have also recently added to or reduced their stakes in the stock. Allianz SE acquired a new position in shares of MarketAxess in the 4th quarter valued at $27,000. Smartleaf Asset Management LLC lifted its holdings in shares of MarketAxess by 495.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock valued at $28,000 after buying an additional 104 shares during the last quarter. SRS Capital Advisors Inc. lifted its holdings in shares of MarketAxess by 13,900.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock valued at $32,000 after buying an additional 139 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in 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 last quarter. Finally, Huntington National Bank lifted its holdings in 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 last quarter. 99.01% of the stock is owned by institutional investors and hedge funds.
MarketAxess Stock Performance
MarketAxess stock traded up $5.22 on Monday, reaching $221.95. The company's stock had a trading volume of 411,888 shares, compared to its average volume of 498,741. The company has a market cap of $8.32 billion, a price-to-earnings ratio of 38.60, a PEG ratio of 2.82 and a beta of 0.85. The business's fifty day moving average price is $221.09 and its 200 day moving average price is $215.86. MarketAxess Holdings Inc. has a twelve month low of $186.84 and a twelve month high of $296.68.
MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $1.87 EPS for the quarter, topping analysts' consensus estimates of $1.82 by $0.05. The company had revenue of $208.58 million for the quarter, compared to analyst estimates of $211.81 million. MarketAxess had a return on equity of 19.93% and a net margin of 26.57%. The business's revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.92 earnings per share. As a group, equities analysts forecast that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.
MarketAxess Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Wednesday, May 21st. MarketAxess's dividend payout ratio is currently 52.87%.
Wall Street Analyst Weigh In
Several research analysts have commented on the company. Morgan Stanley lifted their price target on MarketAxess from $263.00 to $283.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Barclays boosted their price objective on MarketAxess from $232.00 to $240.00 and gave the company an "equal weight" rating in a research report on Thursday, May 8th. UBS Group lowered their price objective on MarketAxess from $305.00 to $295.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Bank of America boosted their price objective on MarketAxess from $189.00 to $191.00 and gave the company an "underperform" rating in a research report on Wednesday, April 2nd. Finally, Piper Sandler lowered their price objective on MarketAxess from $213.00 to $202.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, MarketAxess currently has a consensus rating of "Hold" and an average target price of $241.78.
Check Out Our Latest Report on MarketAxess
About MarketAxess
(
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.
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