Two Sigma Investments LP Buys 51,396 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Two Sigma Investments LP increased its position in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 21.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 288,319 shares of the financial services provider's stock after buying an additional 51,396 shares during the period. Two Sigma Investments LP owned 0.76% of MarketAxess worth $65,172,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Global X Japan Co. Ltd. grew its holdings in shares of MarketAxess by 179.5% during the fourth quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock valued at $25,000 after buying an additional 70 shares during the last quarter. Allianz SE acquired a new position in MarketAxess during the 4th quarter valued at about $27,000. Smartleaf Asset Management LLC increased its holdings in MarketAxess by 495.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock worth $28,000 after purchasing an additional 104 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in shares of MarketAxess by 13,900.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock worth $32,000 after purchasing an additional 139 shares during the last quarter. Finally, Huntington National Bank raised its stake in shares of MarketAxess by 185.7% in the fourth quarter. Huntington National Bank now owns 160 shares of the financial services provider's stock worth $36,000 after purchasing an additional 104 shares during the last quarter. 99.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MKTX shares. 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 research report on Monday, April 7th. Bank of America boosted their target price on MarketAxess from $189.00 to $191.00 and gave the stock an "underperform" rating in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods increased their price target on MarketAxess from $223.00 to $226.00 and gave the company a "market perform" rating in a research report on Thursday, May 8th. Morgan Stanley boosted their price objective on MarketAxess from $263.00 to $283.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, Piper Sandler reduced their price objective on MarketAxess from $213.00 to $202.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. One 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 has a consensus rating of "Hold" and an average target price of $241.78.

MarketAxess Price Performance

Shares of NASDAQ:MKTX opened at $219.42 on Tuesday. The company's fifty day moving average price is $217.60 and its 200-day moving average price is $224.48. The firm has a market capitalization of $8.23 billion, a price-to-earnings ratio of 30.18, a PEG ratio of 3.89 and a beta of 0.89. MarketAxess Holdings Inc. has a one year low of $186.84 and a one year high of $296.68.

MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its earnings results on Wednesday, May 7th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $211.81 million. During the same period in the previous year, the business earned $1.92 earnings per share. The firm's quarterly revenue was down .8% compared to the same quarter last year. As a group, equities research analysts expect that MarketAxess Holdings Inc. will post 7.79 EPS for the current year.

MarketAxess Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be issued a $0.76 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $3.04 annualized dividend and a dividend yield of 1.39%. MarketAxess's dividend payout ratio is currently 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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