Crestline Management LP boosted its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 26.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,851 shares of the financial services provider's stock after buying an additional 1,850 shares during the quarter. Crestline Management LP's holdings in MarketAxess were worth $2,001,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. Cetera Investment Advisers lifted its stake in shares of MarketAxess by 7.6% during the 4th quarter. Cetera Investment Advisers now owns 3,340 shares of the financial services provider's stock worth $755,000 after purchasing an additional 237 shares during the last quarter. Centiva Capital LP boosted its holdings in shares of MarketAxess by 484.5% in the 4th quarter. Centiva Capital LP now owns 7,569 shares of the financial services provider's stock valued at $1,711,000 after buying an additional 6,274 shares in the last quarter. Captrust Financial Advisors grew its position in shares of MarketAxess by 6.3% in the 4th quarter. Captrust Financial Advisors now owns 2,981 shares of the financial services provider's stock worth $674,000 after buying an additional 177 shares during the last quarter. Caxton Associates LP bought a new position in shares of MarketAxess during the 4th quarter worth approximately $1,847,000. Finally, BNP Paribas Financial Markets lifted its position in MarketAxess by 48.4% during the fourth quarter. BNP Paribas Financial Markets now owns 101,442 shares of the financial services provider's stock valued at $22,930,000 after acquiring an additional 33,078 shares during the last quarter. Institutional investors own 99.01% of the company's stock.
MarketAxess Stock Performance
NASDAQ MKTX traded down $5.26 on Tuesday, reaching $212.83. 336,233 shares of the company's stock traded hands, compared to its average volume of 493,151. The stock has a 50 day moving average price of $217.03 and a 200-day moving average price of $227.13. The firm has a market cap of $7.92 billion, a price-to-earnings ratio of 29.28, a P/E/G ratio of 3.89 and a beta of 0.89. MarketAxess Holdings Inc. has a fifty-two week low of $186.84 and a fifty-two week high of $296.68.
MarketAxess (NASDAQ:MKTX - Get Free Report) last issued its earnings results on Wednesday, May 7th. The financial services provider reported $1.87 EPS for the quarter, topping analysts' consensus estimates of $1.82 by $0.05. The firm had revenue of $208.58 million for the quarter, compared to the consensus estimate of $211.81 million. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. The company's revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.92 earnings per share. As a group, equities research analysts anticipate that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.
MarketAxess Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Wednesday, May 21st. MarketAxess's dividend payout ratio is currently 52.87%.
Analyst Ratings Changes
A number of brokerages have recently issued reports on MKTX. Piper Sandler reduced their price target on MarketAxess from $213.00 to $202.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. 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 note on Thursday, May 8th. Barclays boosted their price target on MarketAxess from $232.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 8th. William Blair initiated coverage on shares of MarketAxess in a research report on Friday, April 4th. They issued an "outperform" rating for the company. Finally, Citigroup boosted their target price on shares of MarketAxess from $250.00 to $265.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $241.78.
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MarketAxess Company Profile
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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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