MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 1,153.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,210 shares of the financial services provider's stock after purchasing an additional 7,555 shares during the period. SG Americas Securities LLC's holdings in MarketAxess were worth $1,776,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in MarketAxess by 20.5% during the 1st quarter. GAMMA Investing LLC now owns 848 shares of the financial services provider's stock worth $183,000 after buying an additional 144 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of MarketAxess during the 1st quarter worth about $56,000. Pallas Capital Advisors LLC lifted its stake in MarketAxess by 30.9% during the first quarter. Pallas Capital Advisors LLC now owns 1,495 shares of the financial services provider's stock worth $323,000 after purchasing an additional 353 shares during the last quarter. Portside Wealth Group LLC acquired a new position in MarketAxess in the first quarter valued at approximately $210,000. Finally, First Citizens Bank & Trust Co. boosted its holdings in MarketAxess by 13.6% in the first quarter. First Citizens Bank & Trust Co. now owns 24,671 shares of the financial services provider's stock valued at $5,338,000 after purchasing an additional 2,947 shares in the last quarter. Institutional investors and hedge funds own 99.01% of the company's stock.

MarketAxess Price Performance

Shares of NASDAQ MKTX opened at $225.25 on Monday. The stock has a fifty day moving average price of $219.79 and a 200 day moving average price of $218.06. MarketAxess Holdings Inc. has a 1-year low of $186.84 and a 1-year high of $296.68. The company has a market cap of $8.45 billion, a PE ratio of 30.98, a P/E/G ratio of 3.89 and a beta of 0.84.

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 for the quarter, beating the consensus estimate of $1.82 by $0.05. The business had revenue of $208.58 million for the quarter, compared to the consensus estimate of $211.81 million. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. The business's quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.92 earnings per share. Analysts anticipate that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.

MarketAxess Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st were given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Wednesday, May 21st. MarketAxess's payout ratio is 52.87%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MKTX shares. William Blair initiated coverage on shares of MarketAxess in a research report on Friday, April 4th. They set an "outperform" rating for the company. Keefe, Bruyette & Woods lifted their price target on shares of MarketAxess from $223.00 to $226.00 and gave the stock a "market perform" rating in a research note on Thursday, May 8th. Barclays upped their price objective on shares of MarketAxess from $232.00 to $240.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. Piper Sandler cut their target price on MarketAxess from $213.00 to $202.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Finally, Morgan Stanley upped their target price on MarketAxess from $263.00 to $283.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Two 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 MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $241.78.

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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