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S&P 500   4,228.48
DOW   33,706.74
QQQ   322.86
Apple’s Stock Could Be On The Verge Of Another 30% Rally
The ONLY Way to Play Markets Like These (Ad)pixel
2 Russian villages evacuated after fire at munitions depot
Near-Term Headwinds Present An Opportunity In Ross Stores
The Safest Option in Trades! (Ad)pixel
Global markets lower after Wall Street gains on jobs data
Stocks fall broadly, S&P 500 set to break winning streak
The Safest Option in Trades! (Ad)pixel
Closing prices for crude oil, gold and other commodities
Yangtze shrinks as China's drought disrupts industry
S&P 500   4,228.48
DOW   33,706.74
QQQ   322.86
Apple’s Stock Could Be On The Verge Of Another 30% Rally
The ONLY Way to Play Markets Like These (Ad)pixel
2 Russian villages evacuated after fire at munitions depot
Near-Term Headwinds Present An Opportunity In Ross Stores
The Safest Option in Trades! (Ad)pixel
Global markets lower after Wall Street gains on jobs data
Stocks fall broadly, S&P 500 set to break winning streak
The Safest Option in Trades! (Ad)pixel
Closing prices for crude oil, gold and other commodities
Yangtze shrinks as China's drought disrupts industry
S&P 500   4,228.48
DOW   33,706.74
QQQ   322.86
Apple’s Stock Could Be On The Verge Of Another 30% Rally
The ONLY Way to Play Markets Like These (Ad)pixel
2 Russian villages evacuated after fire at munitions depot
Near-Term Headwinds Present An Opportunity In Ross Stores
The Safest Option in Trades! (Ad)pixel
Global markets lower after Wall Street gains on jobs data
Stocks fall broadly, S&P 500 set to break winning streak
The Safest Option in Trades! (Ad)pixel
Closing prices for crude oil, gold and other commodities
Yangtze shrinks as China's drought disrupts industry
NASDAQ:MKTX

MarketAxess - MKTX Stock Forecast, Price & News

$262.31
-10.22 (-3.75%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$261.24
$269.82
50-Day Range
$256.01
$277.64
52-Week Range
$249.01
$487.79
Volume
169,059 shs
Average Volume
338,638 shs
Market Capitalization
$9.87 billion
P/E Ratio
41.11
Dividend Yield
1.03%
Price Target
$308.22

MarketAxess MarketRank™ Forecast

Analyst Rating
Hold
1.89 Rating Score
Upside/​Downside
17.5% Upside
$308.22 Price Target
Short Interest
Healthy
1.64% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.27
Upright™ Environmental Score
News Sentiment
0.41mentions of MarketAxess in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$495,952 Sold Last Quarter
Proj. Earnings Growth
14.74%
From $6.65 to $7.63 Per Share

Overall MarketRank

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

2.96 out of 5 stars

Finance Sector

93rd out of 896 stocks

Security Brokers & Dealers Industry

5th out of 24 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.

MarketAxess Stock Down 3.6 %

Shares of MKTX Stock traded down $9.89 during trading hours on Friday, hitting $262.64. 1,471 shares of the company's stock traded hands, compared to its average volume of 307,867. The stock has a market cap of $9.89 billion, a PE ratio of 41.53 and a beta of 0.59. The stock's 50 day simple moving average is $266.93 and its 200 day simple moving average is $298.46. MarketAxess has a 12 month low of $249.01 and a 12 month high of $487.79.

MarketAxess (NASDAQ:MKTX - Get Rating) last released its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $1.78 EPS for the quarter, beating analysts' consensus estimates of $1.71 by $0.07. The firm had revenue of $182.20 million for the quarter, compared to analyst estimates of $185.24 million. MarketAxess had a return on equity of 23.55% and a net margin of 34.77%. The business's revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.77 EPS. As a group, equities research analysts expect that MarketAxess will post 6.65 EPS for the current fiscal year.

MarketAxess Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 17th. Shareholders of record on Wednesday, August 3rd were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, August 2nd. This represents a $2.80 annualized dividend and a yield of 1.07%. MarketAxess's payout ratio is 43.89%.

Wall Street Analyst Weigh In

MKTX has been the topic of several recent analyst reports. Compass Point upgraded MarketAxess from a "sell" rating to a "neutral" rating and set a $275.00 price target on the stock in a research note on Thursday, April 21st. Piper Sandler lowered their target price on MarketAxess from $300.00 to $285.00 and set a "neutral" rating for the company in a research note on Friday, July 1st. Deutsche Bank Aktiengesellschaft increased their target price on shares of MarketAxess from $286.00 to $292.00 and gave the stock a "hold" rating in a report on Friday, August 12th. Jefferies Financial Group decreased their price target on shares of MarketAxess from $315.00 to $300.00 and set a "hold" rating on the stock in a report on Monday, June 27th. Finally, Atlantic Securities increased their price objective on shares of MarketAxess from $280.00 to $290.00 and gave the company a "neutral" rating in a research note on Friday. One research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $308.22.

Insider Activity

In related news, insider Christophe Pierre Danie Roupie sold 1,740 shares of MarketAxess 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 transaction, the insider now owns 5,318 shares of the company's stock, valued at $1,515,789.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.94% of the company's stock.

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MKTX Stock News Headlines

MarketAxess (NASDAQ:MKTX) Price Target Raised to $290.00
Expert Ratings for MarketAxess Holdings
MarketAxess (MKTX) Q2 Earnings Top Estimates
See More Headlines
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MKTX Company Calendar

Last Earnings
7/20/2022
Ex-Dividend for 8/17 Dividend
8/02/2022
Dividend Payable
8/17/2022
Today
8/19/2022
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
$308.22
High Stock Price Forecast
$471.00
Low Stock Price Forecast
$231.00
Forecasted Upside/Downside
+17.5%
Consensus Rating
Hold
Rating Score (0-4)
1.89
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
$8.00 per share
Book Value
$26.59 per share

Miscellaneous

Free Float
36,910,000
Market Cap
$9.87 billion
Optionable
Optionable
Beta
0.59

Social Links


Key Executives

  • Mr. Richard Mitchell McVey (Age 62)
    Chairman & CEO
    Comp: $2.31M
  • Mr. Christopher R. Concannon (Age 54)
    Pres, COO & Director
    Comp: $1.71M
  • Mr. Christopher Neal Gerosa (Age 46)
    Chief Financial Officer
    Comp: $656.67k
  • Mr. Kevin M. McPhersonMr. Kevin M. McPherson (Age 51)
    Global Head of Sales
    Comp: $1.31M
  • Mr. Nicholas ThemelisMr. Nicholas Themelis (Age 58)
    Advisor
    Comp: $1.31M
  • Mr. Michael Baker
    Chief Technology Officer
  • Mr. Naineshkumar Shantilal Panchal (Age 50)
    Chief Information Officer
  • Mr. Stephen C. Davidson
    Head of Investor Relations
  • Mr. Scott PintoffMr. Scott Pintoff (Age 51)
    Gen. Counsel & Corp. Sec.
  • Ms. Julie Sheffet
    Chief HR Officer













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 1 sell rating and 8 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MKTX shares. 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 MKTX analyst ratings
or view top-rated stocks.

What is MarketAxess' stock price forecast for 2022?

9 Wall Street research analysts have issued 1-year price targets for MarketAxess' stock. Their MKTX share price forecasts range from $231.00 to $471.00. On average, they anticipate the company's share price to reach $308.22 in the next twelve months. This suggests a possible upside of 17.5% from the stock's current price.
View analysts price targets for MKTX
or view top-rated stocks among Wall Street analysts.

How have MKTX shares performed in 2022?

MarketAxess' stock was trading at $411.27 at the beginning of 2022. Since then, MKTX stock has decreased by 36.2% and is now trading at $262.31.
View the best growth stocks for 2022 here
.

When is MarketAxess' next earnings date?

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

How were MarketAxess' earnings last quarter?

MarketAxess Holdings Inc. (NASDAQ:MKTX) released its quarterly earnings results 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 analyst estimates of $185.24 million. MarketAxess had a trailing twelve-month return on equity of 23.55% and a net margin of 34.77%. The firm's quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.77 earnings per share.
Read the conference call transcript
.

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

MarketAxess declared a quarterly dividend on Wednesday, July 20th. Investors 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 dividend yield of 1.07%. The ex-dividend date of this dividend is Tuesday, August 2nd.
Read our dividend analysis for MKTX
.

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 1.03%. The company 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 is 43.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MKTX will have a dividend payout ratio of 36.70% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MKTX.

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

41 employees have rated MarketAxess Chief Executive Officer Rick McVey on Glassdoor.com. Rick McVey has an approval rating of 96% among the company's 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 many different institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (7.92%), GUARDCAP ASSET MANAGEMENT Ltd (5.21%), State Street Corp (4.71%), Baillie Gifford & Co. (3.90%), Allspring Global Investments Holdings LLC (2.17%) and Primecap Management Co. CA (2.14%). Insiders that own company 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
.

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 $262.31.

How much money does MarketAxess make?

MarketAxess (NASDAQ:MKTX) has a market capitalization of $9.87 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?

The company 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 the company 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 8/20/2022 by MarketBeat.com Staff

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