Principal Financial Group Inc. lessened its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 6.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,813 shares of the financial services provider's stock after selling 2,889 shares during the quarter. Principal Financial Group Inc. owned about 0.12% of MarketAxess worth $9,479,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of 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 purchasing an additional 54 shares during the last quarter. State of Wyoming lifted its holdings in shares of MarketAxess by 13.6% during 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 in the last quarter. Guggenheim Capital LLC lifted its holdings in shares of MarketAxess by 3.7% during 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 in the last quarter. Colonial Trust Co SC lifted its holdings in shares of MarketAxess by 20.2% during 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 in the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of MarketAxess by 57.4% during the 1st quarter. UMB Bank n.a. now owns 222 shares of the financial services provider's stock valued at $48,000 after acquiring an additional 81 shares in the last quarter. Institutional investors and hedge funds own 99.01% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently weighed in on MKTX shares. Citigroup lifted their target price on shares of MarketAxess from $250.00 to $265.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Bank of America lifted their price target on shares of MarketAxess from $189.00 to $191.00 and gave the stock an "underperform" rating in a research note on Wednesday, April 2nd. Piper Sandler reaffirmed a "neutral" rating and set a $204.00 price target (up previously from $202.00) on shares of MarketAxess in a research note on Tuesday. William Blair initiated coverage on shares of MarketAxess in a research note on Friday, April 4th. They set an "outperform" rating on the stock. Finally, Keefe, Bruyette & Woods lifted their price target on shares of MarketAxess from $223.00 to $226.00 and gave the stock a "market perform" rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $240.67.
View Our Latest Research Report on MKTX
MarketAxess Stock Up 0.5%
Shares of MKTX traded up $0.98 during midday trading on Wednesday, hitting $215.53. The company had a trading volume of 263,776 shares, compared to its average volume of 498,619. The company's 50 day moving average price is $219.93 and its 200 day moving average price is $215.44. The stock has a market cap of $8.08 billion, a price-to-earnings ratio of 37.48, a PEG ratio of 2.82 and a beta of 0.85. MarketAxess Holdings Inc. has a 52 week low of $186.84 and a 52 week high of $296.68.
MarketAxess (NASDAQ:MKTX - Get Free Report) last released its earnings results on Wednesday, May 7th. The financial services provider reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.05. The company had revenue of $208.58 million during the quarter, compared to the consensus estimate of $211.81 million. MarketAxess had a net margin of 26.57% and a return on equity of 19.93%. The company's revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.92 EPS. Equities analysts anticipate that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.
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.
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