KBC Group NV lessened its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 71.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,525 shares of the financial services provider's stock after selling 3,833 shares during the quarter. KBC Group NV's holdings in MarketAxess were worth $330,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allianz SE bought a new stake in MarketAxess during 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 in the last quarter. SRS Capital Advisors Inc. grew its holdings in MarketAxess by 13,900.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock valued at $32,000 after buying an additional 139 shares in the last quarter. Huntington National Bank grew its holdings 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 buying an additional 104 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings 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 buying an additional 54 shares in the last quarter. Institutional investors own 99.01% of the company's stock.
MarketAxess Price Performance
Shares of MarketAxess stock traded down $2.54 on Tuesday, reaching $219.41. The company had a trading volume of 121,442 shares, compared to its average volume of 497,307. The firm has a market cap of $8.23 billion, a price-to-earnings ratio of 38.16, a P/E/G ratio of 2.82 and a beta of 0.85. The firm's 50-day moving average price is $221.09 and its two-hundred day moving average price is $215.86. MarketAxess Holdings Inc. has a 1 year low of $186.84 and a 1 year 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 earnings per share (EPS) for the quarter, beating 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 company had revenue of $208.58 million during the quarter, compared to analysts' expectations of $211.81 million. During the same quarter in the previous year, the business earned $1.92 EPS. MarketAxess's revenue was down .8% compared to the same quarter last year. As a group, analysts anticipate that MarketAxess Holdings Inc. will post 7.79 EPS for the current year.
MarketAxess Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Wednesday, May 21st. MarketAxess's payout ratio is currently 52.87%.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on MKTX shares. Barclays raised their price target on MarketAxess from $232.00 to $240.00 and gave the company an "equal weight" rating in a report on Thursday, May 8th. William Blair started coverage on MarketAxess in a report on Friday, April 4th. They set an "outperform" rating for the company. Wall Street Zen cut MarketAxess from a "hold" rating to a "sell" rating in a report on Friday, June 6th. UBS Group reiterated a "buy" rating on shares of MarketAxess in a report on Tuesday. Finally, Piper Sandler dropped their target price on MarketAxess from $213.00 to $202.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, MarketAxess currently has a consensus rating of "Hold" and a consensus target price of $241.78.
Check Out Our Latest Report on MKTX
MarketAxess Company Profile
(
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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