Northern Trust Corp Increases Stock Position in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Northern Trust Corp increased its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 20.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 370,853 shares of the financial services provider's stock after purchasing an additional 63,061 shares during the quarter. Northern Trust Corp owned approximately 0.98% of MarketAxess worth $83,828,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC grew its holdings in shares of MarketAxess by 16.5% in the third quarter. Barclays PLC now owns 140,760 shares of the financial services provider's stock valued at $36,063,000 after acquiring an additional 19,962 shares in the last quarter. Franklin Resources Inc. grew its stake in MarketAxess by 242.7% in the 3rd quarter. Franklin Resources Inc. now owns 8,215 shares of the financial services provider's stock valued at $2,337,000 after purchasing an additional 5,818 shares during the period. Principal Financial Group Inc. increased its position in shares of MarketAxess by 22.9% during the 3rd quarter. Principal Financial Group Inc. now owns 55,679 shares of the financial services provider's stock valued at $14,265,000 after purchasing an additional 10,361 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of MarketAxess by 40.2% during the 4th quarter. GAMMA Investing LLC now owns 704 shares of the financial services provider's stock worth $159,000 after purchasing an additional 202 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in shares of MarketAxess by 461.5% in the 4th quarter. Nordea Investment Management AB now owns 57,876 shares of the financial services provider's stock worth $13,041,000 after buying an additional 47,568 shares during the last quarter. 99.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on MKTX shares. Morgan Stanley raised shares of MarketAxess from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, April 8th. Barclays lifted their price target on shares of MarketAxess from $225.00 to $232.00 and gave the stock an "equal weight" rating in a report on Monday, April 7th. Keefe, Bruyette & Woods reduced their price objective on MarketAxess from $251.00 to $225.00 and set a "market perform" rating for the company in a report on Friday, February 7th. UBS Group cut 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 lowered 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 research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $252.11.

MarketAxess Trading Up 0.8 %

Shares of MarketAxess stock opened at $225.68 on Monday. The company's 50-day moving average price is $213.12 and its 200-day moving average price is $229.74. The company has a market cap of $8.40 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 3.89 and a beta of 0.89. 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 results on Thursday, February 6th. The financial services provider reported $1.73 EPS for the quarter, beating the consensus estimate of $1.70 by $0.03. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. On average, sell-side analysts predict that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.

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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