Flossbach Von Storch SE Acquires 6,710 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Flossbach Von Storch SE boosted its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 41.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,000 shares of the financial services provider's stock after acquiring an additional 6,710 shares during the quarter. Flossbach Von Storch SE owned 0.06% of MarketAxess worth $4,976,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MKTX. Norges Bank acquired a new stake in MarketAxess during the 4th quarter worth about $119,095,000. FMR LLC boosted its position in MarketAxess by 17.4% during the 4th quarter. FMR LLC now owns 2,300,536 shares of the financial services provider's stock worth $520,013,000 after acquiring an additional 341,493 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in MarketAxess by 11.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,298,409 shares of the financial services provider's stock worth $519,533,000 after acquiring an additional 236,118 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of MarketAxess during the 4th quarter worth about $46,079,000. Finally, GAMMA Investing LLC raised its stake in shares of MarketAxess by 25,960.4% during the 1st quarter. GAMMA Investing LLC now owns 183,465 shares of the financial services provider's stock worth $39,693,000 after purchasing an additional 182,761 shares in the last quarter. 99.01% of the stock is currently owned by institutional investors and hedge funds.

MarketAxess Stock Performance

MarketAxess stock traded up $2.46 on Wednesday, reaching $219.28. The company's stock had a trading volume of 370,967 shares, compared to its average volume of 498,990. The company has a market cap of $8.22 billion, a price-to-earnings ratio of 38.14, a PEG ratio of 2.88 and a beta of 0.85. MarketAxess Holdings Inc. has a twelve month low of $186.84 and a twelve month high of $296.68. The business's fifty day moving average price is $221.00 and its 200 day moving average price is $215.87.

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 for the quarter, topping analysts' consensus estimates of $1.82 by $0.05. The company had revenue of $208.58 million during the quarter, compared to the consensus estimate of $211.81 million. MarketAxess had a return on equity of 19.93% and a net margin of 26.57%. The firm's quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.92 earnings per share. As a group, equities analysts forecast that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.

MarketAxess Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st were issued a $0.76 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $3.04 dividend on an annualized basis and a yield of 1.39%. MarketAxess's dividend payout ratio is presently 52.87%.

Wall Street Analysts Forecast Growth

MKTX has been the subject of several analyst reports. William Blair started coverage on MarketAxess in a report on Friday, April 4th. They issued an "outperform" rating for the company. Keefe, Bruyette & Woods raised 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. UBS Group reissued a "buy" rating and set a $295.00 target price on shares of MarketAxess in a research report on Tuesday. Morgan Stanley upped their price target on shares of MarketAxess from $263.00 to $283.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, Piper Sandler decreased their price target on shares of MarketAxess from $213.00 to $202.00 and set a "neutral" rating for the company 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 issued a buy rating to the company's stock. According to data from MarketBeat, MarketAxess currently has an average rating of "Hold" and an average 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.