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

Flossbach Von Storch SE raised its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 41.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,000 shares of the financial services provider's stock after purchasing an additional 6,710 shares during the period. Flossbach Von Storch SE owned 0.06% of MarketAxess worth $4,976,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in MarketAxess by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 4,434,946 shares of the financial services provider's stock worth $1,002,475,000 after purchasing an additional 90,805 shares during the last quarter. FMR LLC raised 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 purchasing an additional 341,493 shares during the last quarter. T. Rowe Price Investment Management Inc. raised 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 purchasing an additional 236,118 shares during the last quarter. Primecap Management Co. CA raised its position in MarketAxess by 2.3% during the 4th quarter. Primecap Management Co. CA now owns 1,369,102 shares of the financial services provider's stock worth $309,472,000 after purchasing an additional 30,180 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in MarketAxess by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 1,113,308 shares of the financial services provider's stock worth $251,106,000 after purchasing an additional 36,431 shares during the last quarter. 99.01% of the stock is owned by institutional investors.

MarketAxess Price Performance

Shares of MKTX traded down $2.92 during trading hours on Friday, hitting $216.05. The stock had a trading volume of 284,049 shares, compared to its average volume of 500,290. The firm has a 50 day simple moving average of $220.66 and a 200-day simple moving average of $215.63. The firm has a market capitalization of $8.10 billion, a P/E ratio of 37.57, a price-to-earnings-growth ratio of 2.80 and a beta of 0.85. MarketAxess Holdings Inc. has a 1-year low of $186.84 and a 1-year high of $296.68.

MarketAxess (NASDAQ:MKTX - Get Free Report) last issued its earnings results 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 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 revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the business posted $1.92 EPS. Equities analysts predict that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal 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 $0.76 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $3.04 annualized dividend and a dividend yield of 1.41%. MarketAxess's dividend payout ratio is presently 52.87%.

Analyst Upgrades and Downgrades

MKTX has been the subject of several analyst reports. Keefe, Bruyette & Woods raised their target price on MarketAxess from $223.00 to $226.00 and gave the stock a "market perform" rating in a research report on Thursday, May 8th. 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. Piper Sandler decreased their price target on MarketAxess from $213.00 to $202.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. UBS Group reiterated a "buy" rating and set a $295.00 price target on shares of MarketAxess in a report on Tuesday. Finally, Wall Street Zen upgraded MarketAxess from a "sell" rating to a "hold" rating in a report on Saturday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, MarketAxess currently has an average rating of "Hold" and an average target price of $241.44.

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.