Interval Partners LP lifted its position in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 207.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,383 shares of the financial services provider's stock after purchasing an additional 14,418 shares during the quarter. Interval Partners LP owned about 0.06% of MarketAxess worth $4,833,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the company. Keybank National Association OH raised its position 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 buying an additional 1,256 shares in the last quarter. Charles Schwab Investment Management Inc. raised 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 purchased a new stake in MarketAxess during the fourth quarter valued at approximately $539,000. Taika Capital LP bought a new stake in shares of MarketAxess in the 4th quarter valued at approximately $2,689,000. Finally, Raymond James Financial Inc. purchased a new position in shares of MarketAxess in the 4th quarter worth approximately $46,079,000. 99.01% of the stock is currently owned by hedge funds and other institutional investors.
MarketAxess Price Performance
MKTX stock traded up $2.71 during mid-day trading on Thursday, reaching $213.53. The company had a trading volume of 378,654 shares, compared to its average volume of 498,521. The company has a market capitalization of $8.01 billion, a PE ratio of 29.37, a price-to-earnings-growth ratio of 3.89 and a beta of 0.89. The firm has a 50 day moving average of $217.21 and a 200 day moving average of $226.92. 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. The company had revenue of $208.58 million for the quarter, compared to analysts' expectations of $211.81 million. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. MarketAxess's revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.92 earnings per share. Analysts anticipate that MarketAxess Holdings Inc. will post 7.79 EPS for the current year.
MarketAxess Dividend Announcement
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 1.42%. The ex-dividend date of this dividend is Wednesday, May 21st. MarketAxess's payout ratio is 52.87%.
Analyst Ratings Changes
MKTX has been the subject of a number of analyst reports. William Blair began coverage on MarketAxess in a research report on Friday, April 4th. They issued an "outperform" rating for the company. UBS Group lowered their target price on shares of MarketAxess from $305.00 to $295.00 and set a "buy" rating for the company in a report on Monday, April 7th. Bank of America lifted their price target 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. Piper Sandler reduced their price objective on shares of MarketAxess from $213.00 to $202.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Finally, Citigroup raised 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. One equities 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's stock. According to data from MarketBeat.com, MarketAxess presently has an average rating of "Hold" and a consensus price target of $241.78.
Check Out Our Latest Stock Analysis on MarketAxess
MarketAxess Profile
(
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.
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