MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. decreased its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 8.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 212,935 shares of the financial services provider's stock after selling 18,450 shares during the period. Baird Financial Group Inc. owned 0.56% of MarketAxess worth $48,132,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MKTX. BNP Paribas Financial Markets boosted its holdings in shares of MarketAxess by 48.4% during the fourth quarter. BNP Paribas Financial Markets now owns 101,442 shares of the financial services provider's stock worth $22,930,000 after purchasing an additional 33,078 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in MarketAxess by 26.6% in the 4th quarter. Ameriprise Financial Inc. now owns 161,490 shares of the financial services provider's stock worth $36,503,000 after buying an additional 33,949 shares during the last quarter. Ancora Advisors LLC grew its holdings in MarketAxess by 62.4% in the 4th quarter. Ancora Advisors LLC now owns 2,591 shares of the financial services provider's stock valued at $586,000 after buying an additional 996 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in shares of MarketAxess by 73.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 1,589 shares of the financial services provider's stock valued at $359,000 after acquiring an additional 674 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of MarketAxess during the 4th quarter worth about $2,160,000. 99.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods dropped their price target on shares of MarketAxess from $251.00 to $225.00 and set a "market perform" rating for the company in a research report on Friday, February 7th. Barclays upped their price objective on MarketAxess from $225.00 to $232.00 and gave the stock an "equal weight" rating in a report on Monday, April 7th. The Goldman Sachs Group reduced their target price on MarketAxess from $235.00 to $210.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. UBS Group dropped their price target on MarketAxess from $305.00 to $295.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Finally, Piper Sandler reduced their price objective on MarketAxess from $220.00 to $213.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 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. Based on data from MarketBeat, MarketAxess currently has an average rating of "Hold" and an average price target of $252.11.

MarketAxess Stock Performance

MarketAxess stock opened at $225.68 on Monday. The firm has a market capitalization of $8.40 billion, a PE ratio of 31.04, a price-to-earnings-growth ratio of 3.89 and a beta of 0.89. MarketAxess Holdings Inc. has a one year low of $186.84 and a one year high of $296.68. The stock's 50 day moving average price is $213.12 and its 200 day moving average price is $229.74.

MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.73 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.03. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. On average, analysts forecast that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.