Nuveen Asset Management LLC Acquires 30,506 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Nuveen Asset Management LLC increased its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 31.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,624 shares of the financial services provider's stock after acquiring an additional 30,506 shares during the quarter. Nuveen Asset Management LLC owned about 0.34% of MarketAxess worth $28,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Global X Japan Co. Ltd. raised its holdings in MarketAxess by 179.5% in the fourth quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock worth $25,000 after buying an additional 70 shares during the last quarter. Allianz SE purchased a new position in MarketAxess in the fourth quarter worth about $27,000. Smartleaf Asset Management LLC raised its holdings in MarketAxess by 495.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock worth $28,000 after buying an additional 104 shares during the last quarter. SRS Capital Advisors Inc. raised its holdings in MarketAxess by 13,900.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock worth $32,000 after buying an additional 139 shares during the last quarter. Finally, Huntington National Bank raised its holdings in MarketAxess by 185.7% in 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 during the last quarter. 99.01% of the stock is currently owned by institutional investors.

MarketAxess Stock Performance

Shares of MKTX stock traded up $0.02 during trading hours on Tuesday, reaching $217.87. The company had a trading volume of 378,982 shares, compared to its average volume of 502,421. The business has a fifty day moving average price of $217.97 and a 200-day moving average price of $222.38. MarketAxess Holdings Inc. has a one year low of $186.84 and a one year high of $296.68. The firm has a market cap of $8.17 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 3.89 and a beta of 0.89.

MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $1.87 EPS for the quarter, topping analysts' consensus estimates of $1.82 by $0.05. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. The firm had revenue of $208.58 million during the quarter, compared to analyst estimates of $211.81 million. During the same period in the previous year, the business posted $1.92 earnings per share. The business's revenue for the quarter was down .8% on a year-over-year basis. Equities research analysts forecast that MarketAxess Holdings Inc. will post 7.79 EPS for the current year.

MarketAxess Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be paid a $0.76 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.40%. MarketAxess's dividend payout ratio is presently 52.87%.

Analysts Set New Price Targets

Several research analysts have issued reports on MKTX shares. Wall Street Zen raised shares of MarketAxess from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Barclays lifted their target price on shares of MarketAxess from $232.00 to $240.00 and gave the stock an "equal weight" rating in a report on Thursday, May 8th. Citigroup lifted their target price on shares of MarketAxess from $250.00 to $265.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. William Blair started coverage on shares of MarketAxess in a report on Friday, April 4th. They issued an "outperform" rating for the company. Finally, Bank of America lifted their target price on shares of MarketAxess from $189.00 to $191.00 and gave the stock an "underperform" rating in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $241.78.

About MarketAxess

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.