Envestnet Portfolio Solutions Inc. increased its position in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 9.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,426 shares of the financial services provider's stock after buying an additional 1,980 shares during the quarter. Envestnet Portfolio Solutions Inc. owned about 0.06% of MarketAxess worth $5,068,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Allianz SE acquired a new stake in MarketAxess in the 4th quarter valued at $27,000. Smartleaf Asset Management LLC increased its holdings in MarketAxess by 495.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 104 shares in the last quarter. SRS Capital Advisors Inc. increased its holdings in MarketAxess by 13,900.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 139 shares in the last quarter. Huntington National Bank increased 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 valued at $36,000 after purchasing an additional 104 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of MarketAxess by 49.1% during 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. 99.01% of the stock is currently owned by institutional investors and hedge funds.
MarketAxess Stock Performance
Shares of MKTX stock traded up $1.03 during trading hours on Monday, hitting $220.81. 355,634 shares of the company were exchanged, compared to its average volume of 500,805. MarketAxess Holdings Inc. has a one year low of $186.84 and a one year high of $296.68. The business's 50-day simple moving average is $221.09 and its two-hundred day simple moving average is $216.89. The stock has a market capitalization of $8.28 billion, a price-to-earnings ratio of 30.44, a P/E/G ratio of 2.86 and a beta of 0.84.
MarketAxess (NASDAQ:MKTX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $1.87 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $211.81 million. During the same quarter last year, the company posted $1.92 earnings per share. The company's quarterly revenue was down .8% compared to the same quarter last year. As a group, analysts anticipate that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.
MarketAxess Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st were issued a $0.76 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $3.04 dividend on an annualized basis and a yield of 1.38%. MarketAxess's dividend payout ratio is currently 52.87%.
Analysts Set New Price Targets
Several brokerages have recently weighed in on MKTX. Wall Street Zen downgraded MarketAxess from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. William Blair began coverage on MarketAxess in a research note on Friday, April 4th. They set an "outperform" rating for the company. Bank of America raised their target price on MarketAxess from $189.00 to $191.00 and gave the company an "underperform" rating in a research note on Wednesday, April 2nd. Citigroup raised their target price on MarketAxess from $250.00 to $265.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, Barclays raised their target price on MarketAxess from $232.00 to $240.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $241.78.
Check Out Our Latest Analysis on MKTX
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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