Northwestern Mutual Wealth Management Co. Buys New Position in Miami International Holdings, Inc. $MIAX

Key Points

• Northwestern Mutual Wealth Management acquired 151,179 shares of Miami International Holdings, valued at approximately $5.6 million, giving it a 0.15% stake. Several other institutional investors also initiated or increased positions.
• Miami International reported quarterly earnings of $0.48 per share, beating estimates of $0.41, while revenue rose 34.8% year over year to $387.63 million. The stock was trading at $42.97, with a market capitalization of about $4.26 billion.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $51.40. Insiders sold approximately $26.1 million of stock over the past 90 days, although the reported transactions were conducted under pre-arranged Rule 10b5-1 plans.

Northwestern Mutual Wealth Management Co. bought a new stake in shares of Miami International Holdings, Inc. (NYSE:MIAX - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 151,179 shares of the company's stock, valued at approximately $5,618,000. Northwestern Mutual Wealth Management Co. owned 0.15% of Miami International at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in MIAX. State of Wyoming bought a new stake in Miami International during the fourth quarter worth approximately $26,000. National Bank of Canada FI acquired a new position in shares of Miami International during the 3rd quarter valued at $29,000. Comerica Bank raised its stake in shares of Miami International by 295.6% in the 4th quarter. Comerica Bank now owns 1,254 shares of the company's stock worth $56,000 after buying an additional 937 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of Miami International in the 1st quarter worth $61,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Miami International in the fourth quarter valued at $66,000.

Miami International Trading Up 5.8%

NYSE MIAX opened at $42.97 on Friday. Miami International Holdings, Inc. has a 1 year low of $34.02 and a 1 year high of $57.14. The company has a market cap of $4.26 billion and a PE ratio of 55.81. The stock's 50-day moving average price is $42.72 and its two-hundred day moving average price is $43.05.

Miami International (NYSE:MIAX - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.07. The business had revenue of $387.63 million for the quarter. Miami International had a net margin of 9.70% and a return on equity of 16.95%. The business's revenue was up 34.8% on a year-over-year basis. During the same period last year, the business earned $0.48 earnings per share. Research analysts forecast that Miami International Holdings, Inc. will post 1.7 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of Miami International in a research report on Friday, August 7th. Wall Street Zen cut shares of Miami International from a "buy" rating to a "hold" rating in a research note on Sunday, August 23rd. JPMorgan Chase & Co. boosted their target price on shares of Miami International from $41.00 to $45.00 and gave the stock a "neutral" rating in a report on Thursday, May 7th. Morgan Stanley lowered shares of Miami International from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $53.00 to $50.00 in a research note on Tuesday. Finally, Keefe, Bruyette & Woods raised their target price on shares of Miami International from $46.00 to $48.00 and gave the stock a "market perform" rating in a report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $51.40.

Insider Activity at Miami International

In other news, EVP Barbara Comly sold 44,445 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $45.69, for a total value of $2,030,692.05. Following the completion of the sale, the executive vice president owned 882,984 shares in the company, valued at $40,343,538.96. This represents a 4.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Judson Teekell sold 3,000 shares of the firm's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $45.79, for a total value of $137,370.00. Following the completion of the sale, the director directly owned 72,251 shares of the company's stock, valued at approximately $3,308,373.29. This trade represents a 3.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 615,958 shares of company stock worth $26,146,369. Insiders own 15.60% of the company's stock.

Miami International Company Profile

Miami International NYSE: MIAX is a U.S. exchange holding company that operates electronic trading venues and provides market infrastructure for listed options and related products. Its primary business activities include operating regulated exchanges, delivering market data feeds, and offering trading technology and connectivity services designed for professional traders, broker-dealers, and market makers. The company focuses on low-latency execution, order matching, and the operational controls required to support high-volume, automated trading strategies in listed derivatives.

Products and services provided by Miami International include fully electronic order matching engines, transmittable market data and feed products, colocation and connectivity solutions, and tools for risk management and regulatory compliance.

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