Two Sigma Advisers LP Increases Stake in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Two Sigma Advisers LP grew its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 23.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 233,100 shares of the financial services provider's stock after acquiring an additional 44,700 shares during the quarter. Two Sigma Advisers LP owned about 0.62% of MarketAxess worth $52,690,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Keybank National Association OH boosted its holdings in shares of MarketAxess by 18.2% during the 4th 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. boosted its holdings in shares of MarketAxess by 1.4% during the 4th 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 4th quarter valued at about $539,000. Taika Capital LP purchased a new stake in shares of MarketAxess during the 4th quarter valued at about $2,689,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of MarketAxess during the 4th quarter valued at about $46,079,000. Hedge funds and other institutional investors own 99.01% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MKTX. UBS Group dropped their price target on shares of MarketAxess from $305.00 to $295.00 and set a "buy" rating on the stock in a report on Monday, April 7th. 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 report on Thursday, May 8th. Citigroup increased their price objective on shares of MarketAxess from $250.00 to $265.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Morgan Stanley increased their price objective on shares of MarketAxess from $263.00 to $283.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, Bank of America increased their price objective 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $241.78.

MarketAxess Trading Up 1.6%

NASDAQ MKTX opened at $219.42 on Tuesday. MarketAxess Holdings Inc. has a 12 month low of $186.84 and a 12 month high of $296.68. The stock has a market cap of $8.23 billion, a price-to-earnings ratio of 30.18, a PEG ratio of 3.89 and a beta of 0.89. The company's 50 day moving average is $217.60 and its two-hundred day moving average is $224.48.

MarketAxess (NASDAQ:MKTX - Get Free Report) last released its earnings results on Wednesday, May 7th. The financial services provider reported $1.87 EPS 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 company had revenue of $208.58 million for the quarter, compared to analysts' expectations of $211.81 million. During the same quarter last year, the business earned $1.92 EPS. The firm's revenue was down .8% compared to the same quarter last year. Sell-side analysts forecast that MarketAxess Holdings Inc. will post 7.79 EPS for the current year.

MarketAxess Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 1.39%. 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.

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