Kingsview Wealth Management LLC increased its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 14.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,387 shares of the financial services provider's stock after purchasing an additional 5,417 shares during the quarter. Kingsview Wealth Management LLC owned about 0.11% of MarketAxess worth $9,170,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Allianz SE bought a new position in MarketAxess during the 4th quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB raised its position in MarketAxess by 49.1% during the 1st 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 during the last quarter. Huntington National Bank raised its position in MarketAxess by 185.7% during the 4th 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 during the last quarter. UMB Bank n.a. raised its position in MarketAxess by 57.4% during the 1st quarter. UMB Bank n.a. now owns 222 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 81 shares during the last quarter. Finally, Harbor Capital Advisors Inc. bought a new position in MarketAxess during the 1st quarter valued at approximately $56,000. 99.01% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several analysts recently weighed in on MKTX shares. Wall Street Zen upgraded MarketAxess from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. William Blair started coverage on MarketAxess in a report on Friday, April 4th. They issued an "outperform" rating on the stock. Citigroup increased their price target on MarketAxess from $250.00 to $265.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. UBS Group reaffirmed a "buy" rating and issued a $295.00 target price on shares of MarketAxess in a report on Tuesday, July 8th. Finally, Barclays reduced their target price on MarketAxess from $240.00 to $237.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $240.67.
Check Out Our Latest Stock Analysis on MKTX
MarketAxess Stock Performance
Shares of NASDAQ MKTX traded down $1.59 during mid-day trading on Friday, hitting $208.84. The stock had a trading volume of 368,602 shares, compared to its average volume of 498,942. The company has a 50 day moving average of $219.17 and a two-hundred day moving average of $215.22. The firm has a market cap of $7.83 billion, a PE ratio of 36.32, a PEG ratio of 2.77 and a beta of 0.85. 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 data on Wednesday, May 7th. The financial services provider reported $1.87 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 19.93% and a net margin of 26.57%. The business's revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.92 earnings per share. Equities research analysts predict that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.
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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