Lazard Asset Management LLC boosted its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 79,350.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,767 shares of the financial services provider's stock after purchasing an additional 4,761 shares during the quarter. Lazard Asset Management LLC's holdings in MarketAxess were worth $1,077,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. V Square Quantitative Management LLC grew its holdings in MarketAxess by 4.0% in the fourth quarter. V Square Quantitative Management LLC now owns 1,340 shares of the financial services provider's stock worth $303,000 after purchasing an additional 52 shares during the period. Guggenheim Capital LLC grew its holdings in shares of MarketAxess by 3.7% during the fourth quarter. Guggenheim Capital LLC now owns 1,701 shares of the financial services provider's stock valued at $384,000 after buying an additional 61 shares during the last quarter. Versor Investments LP grew its holdings in shares of MarketAxess by 6.3% during the fourth quarter. Versor Investments LP now owns 1,102 shares of the financial services provider's stock valued at $249,000 after buying an additional 65 shares during the last quarter. 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 valued at $25,000 after buying an additional 70 shares during the last quarter. Finally, Colonial Trust Co SC grew its holdings in shares of MarketAxess by 20.2% during the fourth quarter. Colonial Trust Co SC now owns 422 shares of the financial services provider's stock valued at $95,000 after buying an additional 71 shares during the last quarter. Hedge funds and other institutional investors own 99.01% of the company's stock.
Analysts Set New Price Targets
A number of research firms have recently commented on MKTX. Piper Sandler cut their price target on shares of MarketAxess from $213.00 to $202.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Bank of America increased their price target on shares of MarketAxess from $189.00 to $191.00 and gave the company an "underperform" rating in a report on Wednesday, April 2nd. Citigroup increased their price target on shares of MarketAxess from $250.00 to $265.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Wall Street Zen upgraded shares of MarketAxess from a "sell" rating to a "hold" rating in a report on Thursday. Finally, Morgan Stanley raised their target price on shares of MarketAxess from $263.00 to $283.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. One equities 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 company. According to MarketBeat, MarketAxess has an average rating of "Hold" and an average price target of $241.78.
Get Our Latest Stock Report on MarketAxess
MarketAxess Stock Up 0.7%
MKTX traded up $1.44 during trading on Friday, hitting $217.85. The company's stock had a trading volume of 317,874 shares, compared to its average volume of 502,917. MarketAxess Holdings Inc. has a one year low of $186.84 and a one year high of $296.68. The firm has a market cap of $8.17 billion, a PE ratio of 29.97, a P/E/G ratio of 3.89 and a beta of 0.89. The business's 50 day simple moving average is $217.95 and its 200-day simple moving average is $222.81.
MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $1.87 EPS for the quarter, beating the consensus estimate of $1.82 by $0.05. The firm had revenue of $208.58 million for 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%. The company's revenue was down .8% on a year-over-year basis. During the same period last year, the firm earned $1.92 EPS. Equities research analysts expect that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.
MarketAxess Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $3.04 annualized dividend and a dividend yield of 1.40%. MarketAxess's payout ratio is 52.87%.
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.
Further Reading
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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
