MarketAxess Holdings Inc. (NASDAQ:MKTX) Given Consensus Recommendation of "Hold" by Brokerages

MarketAxess Holdings Inc. (NASDAQ:MKTX - Get Free Report) has received an average recommendation of "Hold" from the ten ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $241.78.

MKTX has been the subject of several research analyst reports. Barclays upped their price target 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. Piper Sandler reduced their target price on MarketAxess from $213.00 to $202.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Keefe, Bruyette & Woods raised their target price on MarketAxess from $223.00 to $226.00 and gave the stock a "market perform" rating in a research report on Thursday, May 8th. Citigroup upped their price target on MarketAxess from $250.00 to $265.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, Morgan Stanley increased their price objective on MarketAxess from $263.00 to $283.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th.

MarketAxess Stock Down 2.3%

Shares of NASDAQ MKTX opened at $216.82 on Wednesday. MarketAxess has a 12 month low of $186.84 and a 12 month high of $296.68. The company has a market cap of $8.13 billion, a price-to-earnings ratio of 37.71, a P/E/G ratio of 2.88 and a beta of 0.85. The business has a fifty day simple moving average of $221.00 and a 200-day simple moving average of $215.87.

MarketAxess (NASDAQ:MKTX - Get Free Report) last posted 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 return on equity of 19.93% and a net margin of 26.57%. The firm had revenue of $208.58 million for the quarter, compared to the consensus estimate of $211.81 million. During the same quarter in the previous year, the company earned $1.92 EPS. The business's revenue for the quarter was down .8% compared to the same quarter last year. As a group, sell-side analysts expect that MarketAxess will post 7.79 EPS for the current fiscal year.

MarketAxess Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st were paid a $0.76 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $3.04 dividend on an annualized basis and a yield of 1.40%. MarketAxess's dividend payout ratio (DPR) is currently 52.87%.

Institutional Investors Weigh In On MarketAxess

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. grew its stake in shares of MarketAxess by 200.0% in 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 acquired a new stake in MarketAxess in the fourth quarter valued at approximately $27,000. Smartleaf Asset Management LLC lifted its stake in MarketAxess by 495.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 104 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in MarketAxess by 49.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 164 shares of the financial services provider's stock worth $35,000 after acquiring an additional 54 shares in the last quarter. Finally, Huntington National Bank increased its stake in shares of MarketAxess by 185.7% during 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 during the last quarter. 99.01% of the stock is owned by hedge funds and other institutional investors.

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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