UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 17.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 294,650 shares of the financial services provider's stock after purchasing an additional 43,455 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.78% of MarketAxess worth $66,603,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Keybank National Association OH increased its holdings in MarketAxess by 18.2% in the fourth quarter. Keybank National Association OH now owns 8,149 shares of the financial services provider's stock valued at $1,842,000 after purchasing an additional 1,256 shares during the period. Charles Schwab Investment Management Inc. lifted its position in MarketAxess by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 363,224 shares of the financial services provider's stock valued at $82,103,000 after acquiring an additional 5,153 shares in the last quarter. Norden Group LLC bought a new position in MarketAxess in the 4th quarter valued at about $539,000. Taika Capital LP purchased a new stake in MarketAxess in the 4th quarter valued at about $2,689,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of MarketAxess during the 4th quarter worth approximately $46,079,000. 99.01% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
MKTX has been the subject of several analyst reports. Keefe, Bruyette & Woods raised their price objective on shares of MarketAxess from $223.00 to $226.00 and gave the stock a "market perform" rating in a report on Thursday, May 8th. The Goldman Sachs Group decreased their price objective on shares of MarketAxess from $235.00 to $210.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. William Blair began coverage on shares of MarketAxess in a research report on Friday, April 4th. They set an "outperform" rating on the stock. Citigroup boosted their price objective on shares of MarketAxess from $250.00 to $265.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, UBS Group dropped their target price on shares of MarketAxess from $305.00 to $295.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, MarketAxess has a consensus rating of "Hold" and an average target price of $241.78.
Get Our Latest Analysis on MKTX
MarketAxess Trading Up 0.0%
Shares of MarketAxess stock traded up $0.02 during trading hours on Tuesday, reaching $217.87. The stock had a trading volume of 378,982 shares, compared to its average volume of 502,421. The stock's 50 day moving average is $217.97 and its 200 day moving average is $222.38. The firm has a market capitalization of $8.17 billion, a PE ratio of 29.97, a PEG ratio of 3.89 and a beta of 0.89. MarketAxess Holdings Inc. has a twelve month low of $186.84 and a twelve month high of $296.68.
MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its quarterly 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 during the quarter, compared to analysts' expectations of $211.81 million. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. The business's revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.92 EPS. As a group, sell-side analysts predict that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.
MarketAxess Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.40%. MarketAxess's dividend payout ratio (DPR) is 52.87%.
About MarketAxess
(
Free Report)
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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