Rhumbline Advisers reduced its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 1.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 74,484 shares of the financial services provider's stock after selling 1,416 shares during the period. Rhumbline Advisers owned about 0.20% of MarketAxess worth $16,115,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Keybank National Association OH increased its position in shares of MarketAxess by 18.2% during the fourth quarter. Keybank National Association OH now owns 8,149 shares of the financial services provider's stock valued at $1,842,000 after acquiring an additional 1,256 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of MarketAxess by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 363,224 shares of the financial services provider's stock valued at $82,103,000 after acquiring an additional 5,153 shares during the last quarter. Norden Group LLC purchased a new stake in shares of MarketAxess during the fourth quarter valued at approximately $539,000. Taika Capital LP purchased a new stake in shares of MarketAxess during the fourth quarter valued at approximately $2,689,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of MarketAxess during the fourth quarter valued at approximately $46,079,000. 99.01% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on MKTX. Piper Sandler decreased their target price on MarketAxess from $213.00 to $202.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Bank of America lifted their price objective on MarketAxess from $189.00 to $191.00 and gave the company an "underperform" rating in a research note on Wednesday, April 2nd. Wall Street Zen lowered MarketAxess from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Barclays lifted their price target on MarketAxess from $232.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 8th. Finally, William Blair began coverage on MarketAxess in a research note on Friday, April 4th. They set an "outperform" rating for the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $241.78.
Get Our Latest Stock Report on MKTX
MarketAxess Price Performance
Shares of MarketAxess stock traded up $0.58 during trading on Wednesday, reaching $225.02. 418,431 shares of the stock traded hands, compared to its average volume of 500,905. The company has a market capitalization of $8.44 billion, a price-to-earnings ratio of 30.95, a P/E/G ratio of 3.89 and a beta of 0.84. The business has a fifty day simple moving average of $219.03 and a two-hundred day simple moving average of $219.17. 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 announced its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $1.87 EPS for the quarter, beating 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 the consensus estimate of $211.81 million. During the same quarter last year, the firm earned $1.92 EPS. The firm's revenue for the quarter was down .8% compared to the same quarter last year. On average, research analysts predict that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.
MarketAxess Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st were paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 1.35%. The ex-dividend date was Wednesday, May 21st. MarketAxess's payout ratio is currently 52.87%.
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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