US Bancorp DE lessened its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 27.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,057 shares of the financial services provider's stock after selling 3,058 shares during the period. US Bancorp DE's holdings in MarketAxess were worth $1,743,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of MKTX. MassMutual Private Wealth & Trust FSB lifted its holdings in MarketAxess by 49.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 164 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 54 shares during the last quarter. State of Wyoming lifted its holdings in MarketAxess by 13.6% in the 4th quarter. State of Wyoming now owns 483 shares of the financial services provider's stock valued at $109,000 after acquiring an additional 58 shares during the last quarter. Federated Hermes Inc. lifted its holdings in MarketAxess by 13.0% in the 1st quarter. Federated Hermes Inc. now owns 522 shares of the financial services provider's stock valued at $113,000 after acquiring an additional 60 shares during the last quarter. Guggenheim Capital LLC lifted its holdings in MarketAxess by 3.7% in the 4th quarter. Guggenheim Capital LLC now owns 1,701 shares of the financial services provider's stock valued at $384,000 after acquiring an additional 61 shares during the last quarter. Finally, Colonial Trust Co SC lifted its holdings in MarketAxess by 20.2% in the 4th quarter. Colonial Trust Co SC now owns 422 shares of the financial services provider's stock valued at $95,000 after acquiring an additional 71 shares during the last quarter. Institutional investors own 99.01% of the company's stock.
Analyst Ratings Changes
A number of analysts have commented on MKTX shares. Morgan Stanley reduced their price objective on shares of MarketAxess from $283.00 to $274.00 and set an "overweight" rating for the company in a research note on Tuesday, July 15th. Citigroup upped their price objective on shares of MarketAxess from $250.00 to $265.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Barclays reduced their price objective on shares of MarketAxess from $237.00 to $200.00 and set an "equal weight" rating for the company in a research note on Thursday. Wall Street Zen lowered shares of MarketAxess from a "hold" rating to a "sell" rating in a research note on Sunday, July 20th. Finally, UBS Group reduced their price objective on shares of MarketAxess from $295.00 to $255.00 and set a "buy" rating for the company in a research note on Thursday. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, MarketAxess presently has a consensus rating of "Hold" and an average target price of $232.11.
Get Our Latest Report on MarketAxess
MarketAxess Stock Performance
Shares of MKTX opened at $184.43 on Friday. The company's 50 day moving average price is $216.17 and its 200 day moving average price is $213.80. MarketAxess Holdings Inc. has a 52 week low of $182.99 and a 52 week high of $296.68. The company has a market capitalization of $6.92 billion, a PE ratio of 31.05, a PEG ratio of 2.46 and a beta of 0.84.
MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $2.00 EPS for the quarter, beating analysts' consensus estimates of $1.94 by $0.06. MarketAxess had a net margin of 26.62% and a return on equity of 20.41%. The firm had revenue of $219.46 million for the quarter, compared to the consensus estimate of $218.05 million. During the same period in the previous year, the firm posted $1.72 earnings per share. The firm's revenue was up 11.0% on a year-over-year basis. On average, equities analysts forecast that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.
MarketAxess Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, August 20th. MarketAxess's dividend payout ratio (DPR) is presently 51.18%.
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider MarketAxess, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MarketAxess wasn't on the list.
While MarketAxess currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
