Invesco Ltd. Has $195.62 Million Stake in MarketAxess Holdings Inc. $MKTX

Invesco Ltd. reduced its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 13.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 904,203 shares of the financial services provider's stock after selling 140,157 shares during the period. Invesco Ltd. owned 2.43% of MarketAxess worth $195,624,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Clear Creek Financial Management LLC bought a new position in MarketAxess during the 1st quarter worth $280,000. Praxis Investment Management Inc. acquired a new stake in MarketAxess during the 1st quarter worth about $376,000. Wilson Asset Management International PTY Ltd. grew its holdings in MarketAxess by 26.6% during the 1st quarter. Wilson Asset Management International PTY Ltd. now owns 60,492 shares of the financial services provider's stock worth $13,087,000 after acquiring an additional 12,697 shares during the period. Victory Capital Management Inc. grew its holdings in MarketAxess by 210.8% during the 1st quarter. Victory Capital Management Inc. now owns 17,400 shares of the financial services provider's stock worth $3,764,000 after acquiring an additional 11,801 shares during the period. Finally, First Citizens Bank & Trust Co. grew its holdings in MarketAxess by 13.6% during the 1st quarter. First Citizens Bank & Trust Co. now owns 24,671 shares of the financial services provider's stock worth $5,338,000 after acquiring an additional 2,947 shares during the period. 99.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MKTX shares. Citigroup increased their price target on MarketAxess from $250.00 to $265.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. UBS Group decreased their price target on MarketAxess from $295.00 to $255.00 and set a "buy" rating for the company in a report on Thursday, August 7th. Wall Street Zen upgraded MarketAxess from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Keefe, Bruyette & Woods increased their price target on MarketAxess from $223.00 to $226.00 and gave the stock a "market perform" rating in a report on Thursday, May 8th. Finally, Barclays decreased their price target on MarketAxess from $237.00 to $200.00 and set an "equal weight" rating for the company in a report on Thursday, August 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned 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 price target of $229.70.

MarketAxess Price Performance

Shares of MKTX traded down $2.42 during trading hours on Monday, hitting $187.63. The stock had a trading volume of 128,918 shares, compared to its average volume of 589,667. The firm has a 50 day simple moving average of $212.47 and a 200-day simple moving average of $212.23. The firm has a market capitalization of $7.01 billion, a P/E ratio of 31.62, a price-to-earnings-growth ratio of 3.61 and a beta of 0.84. MarketAxess Holdings Inc. has a 1-year low of $182.99 and a 1-year high of $296.68.

MarketAxess (NASDAQ:MKTX - Get Free Report) last issued its earnings results on Wednesday, August 6th. The financial services provider reported $2.00 EPS for the quarter, beating the consensus estimate of $1.94 by $0.06. The company had revenue of $219.46 million during the quarter, compared to the consensus estimate of $218.05 million. MarketAxess had a return on equity of 20.41% and a net margin of 26.62%. The firm's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the business posted $1.72 EPS. Equities analysts predict that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.

MarketAxess Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th will be paid a dividend of $0.76 per share. The ex-dividend date is Wednesday, August 20th. This represents a $3.04 dividend on an annualized basis and a yield of 1.6%. MarketAxess's payout ratio is 51.18%.

MarketAxess 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.