D.A. Davidson & CO. Has $3.89 Million Stock Holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX)

D.A. Davidson & CO. boosted its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 7.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,983 shares of the financial services provider's stock after buying an additional 1,256 shares during the quarter. D.A. Davidson & CO.'s holdings in MarketAxess were worth $3,891,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Allianz SE purchased a new position in shares of MarketAxess during the fourth quarter worth approximately $27,000. Smartleaf Asset Management LLC grew its position 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 acquiring an additional 104 shares during the last quarter. SRS Capital Advisors Inc. grew its position 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 acquiring an additional 139 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in MarketAxess by 49.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 164 shares of the financial services provider's stock valued at $35,000 after buying an additional 54 shares during the last quarter. Finally, Huntington National Bank grew its position 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 buying an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 99.01% of the company's stock.

MarketAxess Stock Up 0.7%

MKTX traded up $1.60 during trading on Wednesday, hitting $218.42. The company's stock had a trading volume of 168,859 shares, compared to its average volume of 498,250. The stock has a market capitalization of $8.19 billion, a price-to-earnings ratio of 37.99, a price-to-earnings-growth ratio of 2.88 and a beta of 0.85. MarketAxess Holdings Inc. has a 12 month low of $186.84 and a 12 month high of $296.68. The firm's 50 day moving average price is $221.00 and its two-hundred day moving average price is $215.87.

MarketAxess (NASDAQ:MKTX - Get Free Report) last posted 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 analysts' expectations of $211.81 million. MarketAxess had a return on equity of 19.93% and a net margin of 26.57%. The company's revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.92 earnings per share. On average, sell-side analysts forecast that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.

MarketAxess Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st were paid 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 dividend yield of 1.39%. MarketAxess's dividend payout ratio (DPR) is currently 52.87%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MKTX shares. Piper Sandler cut their price target on MarketAxess from $213.00 to $202.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Keefe, Bruyette & Woods upped their price objective 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. UBS Group reiterated a "buy" rating and set a $295.00 target price on shares of MarketAxess in a report on Tuesday. Wall Street Zen cut MarketAxess from a "hold" rating to a "sell" rating in a report on Friday, June 6th. Finally, Morgan Stanley upped their price target on MarketAxess from $263.00 to $283.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, MarketAxess presently has a consensus rating of "Hold" and a consensus price target of $241.78.

MarketAxess Company 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.