MarketAxess Holdings Inc. (NASDAQ:MKTX) Receives Average Recommendation of "Hold" from Brokerages

MarketAxess Holdings Inc. (NASDAQ:MKTX - Get Free Report) has earned a consensus rating of "Hold" from the ten brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $241.44.

A number of research analysts have commented on the company. Barclays lowered their price target on MarketAxess from $240.00 to $237.00 and set an "equal weight" rating for the company in a research report on Thursday. Bank of America upped their price target on MarketAxess from $189.00 to $191.00 and gave the company an "underperform" rating in a research report on Wednesday, April 2nd. Wall Street Zen raised MarketAxess from a "sell" rating to a "hold" rating in a research report on Saturday. Piper Sandler decreased their target price on MarketAxess from $213.00 to $202.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Finally, William Blair initiated coverage on MarketAxess in a research report on Friday, April 4th. They issued an "outperform" rating for the company.

MarketAxess Stock Performance

MKTX stock traded down $2.92 during trading on Wednesday, hitting $216.05. 284,049 shares of the company traded hands, compared to its average volume of 500,290. The firm has a market capitalization of $8.10 billion, a PE ratio of 37.57, a P/E/G ratio of 2.80 and a beta of 0.85. MarketAxess has a 1 year low of $186.84 and a 1 year high of $296.68. The company has a 50-day moving average of $220.66 and a 200-day moving average of $215.63.

MarketAxess (NASDAQ:MKTX - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $1.87 EPS for the quarter, beating analysts' consensus estimates of $1.82 by $0.05. The business had revenue of $208.58 million during the quarter, compared to analyst estimates of $211.81 million. MarketAxess had a return on equity of 19.93% and a net margin of 26.57%. MarketAxess's quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.92 EPS. Sell-side analysts expect that MarketAxess will post 7.79 EPS for the current year.

MarketAxess Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MKTX. Geneos Wealth Management Inc. increased its position in MarketAxess by 200.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider's stock valued at $26,000 after buying an additional 80 shares in the last quarter. Allianz SE bought a new position in MarketAxess during the 4th quarter valued at approximately $27,000. Smartleaf Asset Management LLC increased its position in MarketAxess by 495.2% during the 4th 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 in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in MarketAxess by 49.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 164 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 54 shares during the last quarter. Finally, Huntington National Bank increased its holdings in shares of MarketAxess by 185.7% in the 4th quarter. Huntington National Bank now owns 160 shares of the financial services provider's stock worth $36,000 after purchasing an additional 104 shares in the last quarter. Institutional investors own 99.01% of the company's stock.

About MarketAxess

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.