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China July exports rise, with trade surplus at record-high
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Shift in war's front seen as ships cleared to leave Ukraine
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Demand for grocery delivery cools as food costs rise
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Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
pixel
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
pixel
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
pixel
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
pixel
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
pixel
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
pixel
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
NASDAQ:MKTX

MarketAxess - MKTX Stock Forecast, Price & News

$264.23
-5.20 (-1.93%)
(As of 08/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$262.84
$269.76
50-Day Range
$256.01
$287.89
52-Week Range
$249.01
$492.42
Volume
198,969 shs
Average Volume
335,898 shs
Market Capitalization
$9.95 billion
P/E Ratio
41.42
Dividend Yield
1.06%
Price Target
$327.56

MarketAxess MarketRank™ Forecast

Analyst Rating
Hold
2.11 Rating Score
Upside/​Downside
24.0% Upside
$327.56 Price Target
Short Interest
Healthy
1.55% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.27
Upright™ Environmental Score
News Sentiment
0.12mentions of MarketAxess in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$495,952 Sold Last Quarter
Proj. Earnings Growth
14.37%
From $6.75 to $7.72 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.23 out of 5 stars

Finance Sector

40th out of 1,176 stocks

Security Brokers & Dealers Industry

2nd out of 31 stocks

MKTX stock logo

About MarketAxess (NASDAQ:MKTX) Stock

MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. It offers the access to liquidity in the U.S. investment-grade bonds, U.S. high-yield bonds, and U.S. Treasuries, as well as municipal bonds, emerging market debts, Eurobonds, and other fixed income securities. The company, through its Open Trading protocols, executes bond trades between and among institutional investor and broker-dealer clients in an all-to-all anonymous trading environment for corporate bonds. It also offers trading-related products and services, including composite+ pricing and other market data products to assist clients with trading decisions; auto-execution and other execution services for clients requiring specialized workflow solutions; connectivity solutions that facilitate straight-through processing; and technology services to optimize trading environments. In addition, the company provides various pre-and post-trade services, such as trade matching, trade publication, regulatory transaction reporting, and market and reference data across a range of fixed-income and other products. MarketAxess Holdings Inc. was incorporated in 2000 and is headquartered in New York, New York.

Analyst Upgrades and Downgrades

Several analysts have recently commented on MKTX shares. Credit Suisse Group dropped their price objective on shares of MarketAxess from $316.00 to $305.00 and set a "neutral" rating on the stock in a report on Thursday, July 7th. Rosenblatt Securities boosted their price objective on MarketAxess from $383.00 to $395.00 and gave the company a "buy" rating in a research report on Thursday, April 21st. Deutsche Bank Aktiengesellschaft increased their target price on MarketAxess from $284.00 to $286.00 in a report on Thursday, July 21st. Morgan Stanley lowered their target price on shares of MarketAxess from $338.00 to $325.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 19th. Finally, Atlantic Securities reduced their target price on shares of MarketAxess from $340.00 to $306.00 and set a "neutral" rating for the company in a research report on Friday, June 10th. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $327.56.

MarketAxess Stock Performance

Shares of NASDAQ:MKTX traded down $5.20 during trading hours on Friday, reaching $264.23. The stock had a trading volume of 198,969 shares, compared to its average volume of 335,898. MarketAxess has a 1 year low of $249.01 and a 1 year high of $492.42. The firm's 50 day moving average is $268.76 and its 200-day moving average is $303.01. The stock has a market capitalization of $9.95 billion, a price-to-earnings ratio of 41.42 and a beta of 0.59.

MarketAxess (NASDAQ:MKTX - Get Rating) last issued its earnings results on Wednesday, July 20th. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.07. MarketAxess had a net margin of 34.77% and a return on equity of 23.55%. The business had revenue of $182.20 million during the quarter, compared to analysts' expectations of $185.24 million. During the same quarter in the prior year, the business posted $1.77 EPS. The company's revenue for the quarter was up 3.3% on a year-over-year basis. Analysts forecast that MarketAxess will post 6.75 EPS for the current year.

MarketAxess Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 17th. Stockholders of record on Wednesday, August 3rd will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Tuesday, August 2nd. MarketAxess's payout ratio is 43.89%.

Insider Activity

In related news, insider Christophe Pierre Danie Roupie sold 1,740 shares of the stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $285.03, for a total transaction of $495,952.20. Following the completion of the sale, the insider now owns 5,318 shares in the company, valued at approximately $1,515,789.54. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.94% of the company's stock.

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MKTX Stock News Headlines

MarketAxess (MKTX) Q2 Earnings Top Estimates
MarketAxess (MKTX) Set to Announce Earnings on Wednesday
MarketAxess (NASDAQ:MKTX) Price Target Raised to $284.00
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MKTX Company Calendar

Ex-Dividend for 5/18 Dividend
5/03/2022
Dividend Payable
5/18/2022
Last Earnings
7/20/2022
Ex-Dividend for 8/17 Dividend
8/02/2022
Today
8/07/2022
Dividend Payable
8/17/2022
Next Earnings (Estimated)
10/19/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Security brokers & dealers
Sub-Industry
Specialized Finance
Sector
Finance
Current Symbol
NASDAQ:MKTX
CUSIP
57060D10
Employees
676
Year Founded
2000

Price Target and Rating

Average Stock Price Forecast
$327.56
High Stock Price Forecast
$471.00
Low Stock Price Forecast
$275.00
Forecasted Upside/Downside
+24.0%
Consensus Rating
Hold
Rating Score (0-4)
2.11
Research Coverage
9 Analysts

Profitability

Net Income
$257.89 million
Pretax Margin
46.89%

Debt

Sales & Book Value

Annual Sales
$698.95 million
Cash Flow
$8.37 per share
Book Value
$26.59 per share

Miscellaneous

Free Float
36,910,000
Market Cap
$9.95 billion
Optionable
Optionable
Beta
0.59

Social Links


Key Executives














MKTX Stock - Frequently Asked Questions

Should I buy or sell MarketAxess stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MarketAxess in the last year. There are currently 8 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MarketAxess stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MKTX, but not buy additional shares or sell existing shares.
View analyst ratings for MarketAxess
or view top-rated stocks.

What is MarketAxess' stock price forecast for 2022?

9 brokerages have issued 12-month price objectives for MarketAxess' stock. Their MKTX stock forecasts range from $275.00 to $471.00. On average, they anticipate MarketAxess' stock price to reach $327.56 in the next year. This suggests a possible upside of 24.0% from the stock's current price.
View analysts' price targets for MarketAxess
or view top-rated stocks among Wall Street analysts.

How has MarketAxess' stock performed in 2022?

MarketAxess' stock was trading at $411.27 at the beginning of the year. Since then, MKTX shares have decreased by 35.8% and is now trading at $264.23.
View the best growth stocks for 2022 here
.

When is MarketAxess' next earnings date?

MarketAxess is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our earnings forecast for MarketAxess
.

How were MarketAxess' earnings last quarter?

MarketAxess Holdings Inc. (NASDAQ:MKTX) issued its quarterly earnings data on Wednesday, July, 20th. The financial services provider reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.07. The financial services provider had revenue of $182.20 million for the quarter, compared to analysts' expectations of $185.24 million. MarketAxess had a trailing twelve-month return on equity of 23.55% and a net margin of 34.77%. The business's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.77 earnings per share.
Read MarketAxess' conference call transcript
.

How often does MarketAxess pay dividends? What is the dividend yield for MarketAxess?

MarketAxess announced a quarterly dividend on Wednesday, July 20th. Stockholders of record on Wednesday, August 3rd will be given a dividend of $0.70 per share on Wednesday, August 17th. This represents a $2.80 annualized dividend and a yield of 1.06%. The ex-dividend date is Tuesday, August 2nd.
View MarketAxess' dividend history
.

Is MarketAxess a good dividend stock?

MarketAxess(NASDAQ:MKTX) pays an annual dividend of $2.80 per share and currently has a dividend yield of 1.06%. MarketAxess has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of MarketAxess is 43.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MarketAxess will have a dividend payout ratio of 36.27% next year. This indicates that MarketAxess will be able to sustain or increase its dividend.
View MarketAxess' dividend history.

What is Rick McVey's approval rating as MarketAxess' CEO?

41 employees have rated MarketAxess CEO Rick McVey on Glassdoor.com. Rick McVey has an approval rating of 96% among MarketAxess' employees. This puts Rick McVey in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of MarketAxess own?

Based on aggregate information from My MarketBeat watchlists, some companies that other MarketAxess investors own include NVIDIA (NVDA), PayPal (PYPL), Visa (V), Netflix (NFLX), Advanced Micro Devices (AMD), Broadcom (AVGO), Intel (INTC), Johnson & Johnson (JNJ), Mastercard (MA) and Adobe (ADBE).

What is MarketAxess' stock symbol?

MarketAxess trades on the NASDAQ under the ticker symbol "MKTX."

Who are MarketAxess' major shareholders?

MarketAxess' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (2.17%), Stephens Investment Management Group LLC (0.60%), Van Berkom & Associates Inc. (0.40%), Sumitomo Mitsui Trust Holdings Inc. (0.31%), Parnassus Investments LLC (0.27%) and RMB Capital Management LLC (0.27%). Company insiders that own MarketAxess stock include Antonio L Delise, Christophe Pierre Danie Roupie, Kevin M Mcpherson, Kevin M Mcpherson, Nicholas Themelis, Richard Leon Prager, Richard M Mcvey, Richard M Mcvey, Scott Pintoff and Stephen P Casper.
View institutional ownership trends for MarketAxess
.

How do I buy shares of MarketAxess?

Shares of MKTX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is MarketAxess' stock price today?

One share of MKTX stock can currently be purchased for approximately $264.23.

How much money does MarketAxess make?

MarketAxess (NASDAQ:MKTX) has a market capitalization of $9.95 billion and generates $698.95 million in revenue each year. The financial services provider earns $257.89 million in net income (profit) each year or $6.38 on an earnings per share basis.

How many employees does MarketAxess have?

MarketAxess employs 676 workers across the globe.

Does MarketAxess have any subsidiaries?

The following companies are subsidiares of MarketAxess: LiquidityEdge.
Read More

When was MarketAxess founded?

MarketAxess was founded in 2000.

How can I contact MarketAxess?

MarketAxess' mailing address is 55 HUDSON YARDS 15TH FLOOR, NEW YORK NY, 10001. The official website for MarketAxess is www.marketaxess.com. The financial services provider can be reached via phone at (212) 813-6027, via email at tdelise@marketaxess.com, or via fax at 212-813-6390.

This page (NASDAQ:MKTX) was last updated on 8/7/2022 by MarketBeat.com Staff

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