UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 17.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 294,650 shares of the financial services provider's stock after acquiring an additional 43,455 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.78% of MarketAxess worth $66,603,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Global X Japan Co. Ltd. increased its position in shares of MarketAxess by 179.5% in the fourth quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock valued at $25,000 after buying an additional 70 shares in the last quarter. Allianz SE purchased a new stake in MarketAxess in the 4th quarter valued at approximately $27,000. Smartleaf Asset Management LLC grew its holdings in MarketAxess by 495.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock valued at $28,000 after buying an additional 104 shares during the last quarter. SRS Capital Advisors Inc. raised its stake in MarketAxess by 13,900.0% in the 4th 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 during the last quarter. Finally, Huntington National Bank grew its holdings in shares of MarketAxess by 185.7% during the fourth quarter. Huntington National Bank now owns 160 shares of the financial services provider's stock worth $36,000 after buying an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 99.01% of the company's stock.
MarketAxess Trading Up 0.4%
MKTX traded up $0.84 on Friday, reaching $214.92. The company had a trading volume of 230,323 shares, compared to its average volume of 502,401. The company has a fifty day moving average of $217.98 and a 200-day moving average of $221.91. The company has a market capitalization of $8.06 billion, a P/E ratio of 29.56, a PEG ratio of 3.89 and a beta of 0.89. MarketAxess Holdings Inc. has a one year low of $186.84 and a one year high of $296.68.
MarketAxess (NASDAQ:MKTX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $1.87 earnings per share for the quarter, beating 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 net margin of 33.56% and a return on equity of 20.23%. MarketAxess's revenue was down .8% on a year-over-year basis. During the same period in the prior year, the company earned $1.92 EPS. Research analysts predict that MarketAxess Holdings Inc. will post 7.79 EPS for the current year.
MarketAxess Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Wednesday, May 21st. MarketAxess's dividend payout ratio (DPR) is currently 52.87%.
Analyst Ratings Changes
Several equities analysts recently weighed in on MKTX shares. Bank of America increased their target price on MarketAxess from $189.00 to $191.00 and gave the stock an "underperform" rating in a research report on Wednesday, April 2nd. Wall Street Zen upgraded shares of MarketAxess from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Morgan Stanley boosted their price objective on shares of MarketAxess from $263.00 to $283.00 and gave the company an "overweight" 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, Barclays raised their price objective on MarketAxess from $232.00 to $240.00 and gave the stock an "equal weight" rating in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, MarketAxess currently has an average rating of "Hold" and a consensus price target of $241.78.
Check Out Our Latest Report on MarketAxess
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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