MarketAxess Holdings Inc. $MKTX Shares Purchased by Walleye Capital LLC

Key Points

• Walleye Capital LLC increased its holdings in MarketAxess Holdings Inc. by 56.3% during the first quarter, now owning 160,052 shares valued at approximately $34.6 million.
• MarketAxess recently reported a quarterly earnings per share (EPS) of $2.00, exceeding analysts' expectations, while year-over-year revenue growth was noted at 11%.
• The company declared a quarterly dividend of $0.76 per share with an upcoming payment date of September 3rd, yielding approximately 1.6% annually.

Walleye Capital LLC boosted its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 56.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 160,052 shares of the financial services provider's stock after buying an additional 57,625 shares during the quarter. Walleye Capital LLC owned 0.43% of MarketAxess worth $34,627,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB grew its position in MarketAxess by 49.1% in 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 during the last quarter. State of Wyoming grew its position in MarketAxess by 13.6% in the fourth quarter. State of Wyoming now owns 483 shares of the financial services provider's stock worth $109,000 after buying an additional 58 shares during the last quarter. Federated Hermes Inc. grew its position in MarketAxess by 13.0% in the first quarter. Federated Hermes Inc. now owns 522 shares of the financial services provider's stock worth $113,000 after buying an additional 60 shares during the last quarter. Guggenheim Capital LLC grew its position in MarketAxess by 3.7% in the fourth quarter. Guggenheim Capital LLC now owns 1,701 shares of the financial services provider's stock worth $384,000 after buying an additional 61 shares during the last quarter. Finally, Colonial Trust Co SC grew its position in MarketAxess by 20.2% in the fourth quarter. Colonial Trust Co SC now owns 422 shares of the financial services provider's stock worth $95,000 after buying an additional 71 shares during the last quarter. Institutional investors and hedge funds own 99.01% of the company's stock.

MarketAxess Stock Up 1.0%

MarketAxess stock opened at $188.73 on Friday. The company's fifty day simple moving average is $208.74 and its 200-day simple moving average is $211.34. MarketAxess Holdings Inc. has a 12 month low of $182.99 and a 12 month high of $296.68. The stock has a market cap of $7.05 billion, a P/E ratio of 31.77, a P/E/G ratio of 3.66 and a beta of 0.84.

MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its quarterly 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. MarketAxess had a net margin of 26.62% and a return on equity of 20.41%. The business had revenue of $219.46 million for the quarter, compared to analysts' expectations of $218.05 million. During the same period in the previous year, the company posted $1.72 EPS. MarketAxess's revenue was up 11.0% on a year-over-year basis. On average, equities research analysts expect that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.

MarketAxess Dividend Announcement

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

Analyst Ratings Changes

Several analysts have issued reports on MKTX shares. UBS Group cut their target price on shares of MarketAxess from $295.00 to $255.00 and set a "buy" rating on the stock in a research note on Thursday, August 7th. Keefe, Bruyette & Woods boosted their target price on shares of MarketAxess from $223.00 to $226.00 and gave the company a "market perform" rating in a research note on Thursday, May 8th. Barclays cut their target price on shares of MarketAxess from $237.00 to $200.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 7th. Citigroup boosted their target price on shares of MarketAxess from $250.00 to $265.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, Jefferies Financial Group cut their target price on shares of MarketAxess from $217.00 to $208.00 and set a "hold" rating on the stock in a research note on Monday, August 11th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $229.70.

About MarketAxess

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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