Sone Capital Management LLC Invests $9.65 Million in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Sone Capital Management LLC bought a new position in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 42,673 shares of the financial services provider's stock, valued at approximately $9,646,000. Sone Capital Management LLC owned about 0.11% of MarketAxess as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Keybank National Association OH increased its holdings in shares of MarketAxess by 18.2% in the 4th quarter. Keybank National Association OH now owns 8,149 shares of the financial services provider's stock worth $1,842,000 after buying an additional 1,256 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of MarketAxess by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 363,224 shares of the financial services provider's stock worth $82,103,000 after buying an additional 5,153 shares during the last quarter. Norden Group LLC bought a new stake in shares of MarketAxess in the 4th quarter worth about $539,000. Taika Capital LP bought a new stake in MarketAxess in the fourth quarter worth $2,689,000. Finally, Raymond James Financial Inc. bought a new stake in MarketAxess in the fourth quarter worth $46,079,000. 99.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MKTX. Piper Sandler lowered their price target on MarketAxess from $213.00 to $202.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. William Blair began coverage on MarketAxess in a research note on Friday, April 4th. They set an "outperform" rating on the stock. Keefe, Bruyette & Woods upped their target price on MarketAxess from $223.00 to $226.00 and gave the company a "market perform" rating in a research note on Thursday, May 8th. Wall Street Zen raised MarketAxess from a "sell" rating to a "hold" rating in a research note on Thursday. Finally, UBS Group cut their target price on MarketAxess from $305.00 to $295.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. One 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 data from MarketBeat, the company has an average rating of "Hold" and an average price target of $241.78.

MarketAxess Trading Up 0.7%

Shares of MKTX traded up $1.44 during midday trading on Friday, reaching $217.85. 317,874 shares of the stock were exchanged, compared to its average volume of 501,769. MarketAxess Holdings Inc. has a 52 week low of $186.84 and a 52 week high of $296.68. The company's 50 day moving average is $217.95 and its two-hundred day moving average is $223.53. The company has a market capitalization of $8.17 billion, a P/E ratio of 29.97, a PEG ratio of 3.89 and a beta of 0.89.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.82 by $0.05. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. The business had revenue of $208.58 million for the quarter, compared to the consensus estimate of $211.81 million. During the same quarter in the prior year, the company earned $1.92 EPS. The business's revenue was down .8% compared to the same quarter last year. On average, sell-side analysts expect that MarketAxess Holdings Inc. will post 7.79 EPS for the current year.

MarketAxess Announces Dividend

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

MarketAxess Company Profile

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.