Oppenheimer Asset Management Inc. Has $4.16 Million Stock Holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Oppenheimer Asset Management Inc. grew its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 24.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,207 shares of the financial services provider's stock after acquiring an additional 3,764 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.05% of MarketAxess worth $4,155,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Allianz SE acquired a new position in shares of MarketAxess in the fourth quarter valued at $27,000. Smartleaf Asset Management LLC raised its stake in shares of MarketAxess by 495.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 104 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in shares of MarketAxess by 13,900.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 139 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of MarketAxess by 49.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 164 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 54 shares in the last quarter. Finally, Huntington National Bank raised its stake in shares of MarketAxess by 185.7% in the fourth quarter. Huntington National Bank now owns 160 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 104 shares in the last quarter. 99.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MKTX has been the subject of several recent analyst reports. William Blair initiated coverage on MarketAxess in a research note on Friday, April 4th. They set an "outperform" rating for the company. Citigroup increased their price objective on MarketAxess from $250.00 to $265.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Bank of America increased their price objective on MarketAxess from $189.00 to $191.00 and gave the stock an "underperform" rating in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods increased their price objective on MarketAxess from $223.00 to $226.00 and gave the stock a "market perform" rating in a research note on Thursday, May 8th. Finally, Piper Sandler dropped their price objective on MarketAxess from $213.00 to $202.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $241.78.

MarketAxess Stock Performance

MKTX traded down $1.00 during midday trading on Friday, reaching $219.55. 425,474 shares of the company were exchanged, compared to its average volume of 498,626. MarketAxess Holdings Inc. has a one year low of $186.84 and a one year high of $296.68. The stock has a market capitalization of $8.23 billion, a P/E ratio of 38.18, a PEG ratio of 2.85 and a beta of 0.84. The stock's 50-day simple moving average is $220.84 and its 200 day simple moving average is $216.30.

MarketAxess (NASDAQ:MKTX - Get Free Report) last issued its earnings results on Wednesday, May 7th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.82 by $0.05. MarketAxess had a return on equity of 19.93% and a net margin of 26.57%. The firm had revenue of $208.58 million for the quarter, compared to analysts' expectations of $211.81 million. During the same quarter last year, the business earned $1.92 earnings per share. The company's revenue was down .8% compared to the same quarter last year. On average, research analysts anticipate that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.

MarketAxess Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Wednesday, May 21st. MarketAxess's dividend payout ratio is currently 52.87%.

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.