Wealth Enhancement Advisory Services LLC raised its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 173.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,707 shares of the financial services provider's stock after purchasing an additional 1,716 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in MarketAxess were worth $612,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in MKTX. Keybank National Association OH boosted its stake in 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 purchasing an additional 1,256 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in 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 purchasing an additional 5,153 shares during the period. Norden Group LLC bought a new position in shares of MarketAxess during the 4th quarter valued at $539,000. Taika Capital LP bought a new stake in shares of MarketAxess in the fourth quarter worth $2,689,000. Finally, Raymond James Financial Inc. bought a new position in MarketAxess in the fourth quarter valued at about $46,079,000. 99.01% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the stock. Barclays boosted their target price on shares of MarketAxess from $232.00 to $240.00 and gave the company an "equal weight" rating in a research report on Thursday, May 8th. Citigroup lifted their target price on MarketAxess from $250.00 to $265.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. William Blair initiated coverage on shares of MarketAxess in a research note on Friday, April 4th. They set an "outperform" rating on the stock. UBS Group reduced their price objective on shares of MarketAxess from $305.00 to $295.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Finally, Bank of America lifted their target price on shares of MarketAxess from $189.00 to $191.00 and gave the company an "underperform" rating in a research note on Wednesday, April 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $241.78.
Get Our Latest Report on MarketAxess
MarketAxess Stock Up 0.8%
MKTX traded up $1.87 on Thursday, hitting $226.89. The company had a trading volume of 377,679 shares, compared to its average volume of 501,167. The company has a market cap of $8.51 billion, a PE ratio of 31.21, a PEG ratio of 3.89 and a beta of 0.84. The business's fifty day simple moving average is $219.03 and its 200 day simple moving average is $219.17. MarketAxess Holdings Inc. has a 12-month low of $186.84 and a 12-month high of $296.68.
MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its quarterly earnings data 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 business 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 earnings per share. The firm's quarterly revenue was down .8% compared to the same quarter last year. On average, analysts anticipate 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 was paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st were paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Wednesday, May 21st. MarketAxess's dividend payout ratio is presently 52.87%.
About MarketAxess
(
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.
Featured Stories
Before you consider MarketAxess, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MarketAxess wasn't on the list.
While MarketAxess currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
