Peak Financial Advisors LLC purchased a new stake in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 14,212 shares of the financial services provider's stock, valued at approximately $3,075,000. MarketAxess makes up 1.6% of Peak Financial Advisors LLC's holdings, making the stock its 16th biggest holding.
Other hedge funds and other institutional investors have also modified their holdings of the company. Global X Japan Co. Ltd. raised its holdings in MarketAxess by 179.5% during the fourth quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock valued at $25,000 after buying an additional 70 shares in the last quarter. Allianz SE acquired a new position in shares of MarketAxess during the 4th quarter valued at about $27,000. Smartleaf Asset Management LLC raised its stake in shares of MarketAxess by 495.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 104 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in shares of MarketAxess by 13,900.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 139 shares in the last quarter. Finally, 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 worth $35,000 after purchasing an additional 54 shares during the last quarter. Institutional investors own 99.01% of the company's stock.
MarketAxess Trading Up 3.4%
MKTX stock traded up $7.34 during trading on Thursday, reaching $226.13. 755,779 shares of the stock were exchanged, compared to its average volume of 501,629. MarketAxess Holdings Inc. has a twelve month low of $186.84 and a twelve month high of $296.68. The company has a market capitalization of $8.48 billion, a P/E ratio of 31.10, a price-to-earnings-growth ratio of 3.89 and a beta of 0.84. The stock has a 50 day simple moving average of $218.05 and a 200-day simple moving average of $220.55.
MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $1.87 earnings per share 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 for the quarter, compared to the consensus estimate of $211.81 million. During the same quarter in the previous year, the company earned $1.92 earnings per share. The business's revenue was down .8% compared to the same quarter last year. Equities analysts predict that MarketAxess Holdings Inc. will post 7.79 EPS for the current year.
MarketAxess Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st were given a $0.76 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $3.04 dividend on an annualized basis and a yield of 1.34%. MarketAxess's dividend payout ratio (DPR) is presently 52.87%.
Analyst Ratings Changes
A number of research firms have recently commented on MKTX. Piper Sandler dropped their price target on shares of MarketAxess from $213.00 to $202.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Morgan Stanley boosted their target price on shares of MarketAxess from $263.00 to $283.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Wall Street Zen upgraded shares of MarketAxess from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. William Blair assumed coverage on MarketAxess in a research report on Friday, April 4th. They issued an "outperform" rating on the stock. Finally, Bank of America boosted their price objective on MarketAxess from $189.00 to $191.00 and gave the stock an "underperform" rating in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $241.78.
View Our Latest Stock Report on MarketAxess
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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