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

Sone Capital Management LLC bought a new stake in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (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 0.11% of MarketAxess as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Global X Japan Co. Ltd. lifted its stake in shares of MarketAxess by 179.5% in the 4th quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 70 shares during the period. Allianz SE bought a new stake in MarketAxess in the fourth quarter worth approximately $27,000. Smartleaf Asset Management LLC lifted its stake in MarketAxess by 495.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock valued at $28,000 after buying an additional 104 shares during the period. SRS Capital Advisors Inc. lifted its stake 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 valued at $32,000 after buying an additional 139 shares during the period. Finally, Huntington National Bank boosted its holdings in shares of MarketAxess by 185.7% during the 4th quarter. Huntington National Bank now owns 160 shares of the financial services provider's stock worth $36,000 after buying an additional 104 shares in the last quarter. Institutional investors own 99.01% of the company's stock.

MarketAxess Trading Up 1.2%

Shares of NASDAQ:MKTX opened at $216.01 on Monday. The stock has a market cap of $8.10 billion, a PE ratio of 29.71, a price-to-earnings-growth ratio of 3.89 and a beta of 0.89. The stock's fifty day simple moving average is $217.35 and its two-hundred day simple moving average is $224.96. MarketAxess Holdings Inc. has a 1-year low of $186.84 and a 1-year high of $296.68.

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

MarketAxess Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st will be issued a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.41%. MarketAxess's dividend payout ratio (DPR) is presently 52.87%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MKTX. Barclays increased their target price on shares of MarketAxess from $232.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 8th. The Goldman Sachs Group cut their price objective on shares of MarketAxess from $235.00 to $210.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. UBS Group decreased their target price on MarketAxess from $305.00 to $295.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Keefe, Bruyette & Woods upped their target price on MarketAxess from $223.00 to $226.00 and gave the stock a "market perform" rating in a research report on Thursday, May 8th. Finally, Morgan Stanley raised their price objective on shares of MarketAxess from $263.00 to $283.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $241.78.

MarketAxess 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.

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