GAMMA Investing LLC boosted its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 25,960.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 183,465 shares of the financial services provider's stock after acquiring an additional 182,761 shares during the period. GAMMA Investing LLC owned about 0.49% of MarketAxess worth $39,693,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Global X Japan Co. Ltd. grew its holdings in shares of MarketAxess by 179.5% during the fourth quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock worth $25,000 after buying an additional 70 shares in the last quarter. Allianz SE purchased a new stake in shares of MarketAxess during the fourth quarter worth about $27,000. Smartleaf Asset Management LLC grew its holdings in shares of MarketAxess by 495.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock worth $28,000 after buying an additional 104 shares in the last quarter. SRS Capital Advisors Inc. grew its holdings in shares of MarketAxess by 13,900.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock worth $32,000 after buying an additional 139 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings 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 worth $35,000 after buying an additional 54 shares in the last quarter. Institutional investors and hedge funds own 99.01% of the company's stock.
Wall Street Analysts Forecast Growth
MKTX has been the subject of a number of recent research reports. Morgan Stanley lifted their price target on shares of MarketAxess from $263.00 to $283.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. William Blair initiated coverage on shares of MarketAxess in a report on Friday, April 4th. They set an "outperform" rating for the company. Citigroup lifted their price target on shares of MarketAxess from $250.00 to $265.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Keefe, Bruyette & Woods lifted their price target on shares of MarketAxess from $223.00 to $226.00 and gave the stock a "market perform" rating in a report on Thursday, May 8th. Finally, The Goldman Sachs Group lowered their target price on shares of MarketAxess from $235.00 to $210.00 and set a "neutral" rating for the company in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, MarketAxess currently has an average rating of "Hold" and an average target price of $241.78.
View Our Latest Stock Report on MarketAxess
MarketAxess Stock Performance
MarketAxess stock traded up $7.34 during trading on Thursday, reaching $226.13. The company had a trading volume of 755,779 shares, compared to its average volume of 501,629. MarketAxess Holdings Inc. has a 12-month low of $186.84 and a 12-month high of $296.68. The stock's 50 day moving average price is $218.05 and its two-hundred day moving average price is $220.55. The firm has a market capitalization of $8.48 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 3.89 and a beta of 0.84.
MarketAxess (NASDAQ:MKTX - Get Free Report) last released its 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. The firm had revenue of $208.58 million during the quarter, compared to the consensus estimate of $211.81 million. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. MarketAxess's revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.92 earnings per share. As a group, research analysts expect that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.
MarketAxess Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st were given a dividend of $0.76 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $3.04 dividend on an annualized basis and a yield of 1.34%. MarketAxess's dividend payout ratio (DPR) is 52.87%.
MarketAxess Company Profile
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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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