Empowered Funds LLC acquired a new position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,980 shares of the financial services provider’s stock, valued at approximately $976,000.
Other institutional investors have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC bought a new position in MarketAxess in the 2nd quarter valued at approximately $36,000. First Hawaiian Bank raised its holdings in MarketAxess by 6.9% in the 2nd quarter. First Hawaiian Bank now owns 1,365 shares of the financial services provider’s stock valued at $439,000 after buying an additional 88 shares during the last quarter. Strs Ohio bought a new position in MarketAxess in the 2nd quarter valued at approximately $335,000. Evolution Wealth Advisors LLC bought a new position in MarketAxess in the 2nd quarter valued at approximately $78,000. Finally, Natixis raised its holdings in MarketAxess by 91.8% in the 2nd quarter. Natixis now owns 301,784 shares of the financial services provider’s stock valued at $96,999,000 after buying an additional 144,431 shares during the last quarter. Hedge funds and other institutional investors own 98.81% of the company’s stock.
Shares of NASDAQ:MKTX traded down $6.98 during mid-day trading on Thursday, hitting $340.83. The company had a trading volume of 1,808 shares, compared to its average volume of 274,121. The firm has a fifty day moving average price of $345.08 and a 200 day moving average price of $335.17. The company has a market capitalization of $13.54 billion, a PE ratio of 74.91 and a beta of 0.16. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.47 and a quick ratio of 9.47. MarketAxess Holdings Inc. has a one year low of $199.04 and a one year high of $421.45.
MarketAxess (NASDAQ:MKTX) last released its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.17. MarketAxess had a net margin of 40.58% and a return on equity of 30.89%. The company had revenue of $131.60 million during the quarter, compared to analyst estimates of $130.00 million. During the same quarter in the previous year, the business posted $1.02 EPS. MarketAxess’s revenue for the quarter was up 29.8% compared to the same quarter last year. Research analysts expect that MarketAxess Holdings Inc. will post 5.42 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be paid a $0.51 dividend. This is a positive change from MarketAxess’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $2.04 annualized dividend and a yield of 0.60%. MarketAxess’s dividend payout ratio (DPR) is 44.64%.
In other news, Director Stephen P. Casper sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $402.82, for a total transaction of $402,820.00. Following the completion of the sale, the director now owns 13,567 shares in the company, valued at approximately $5,465,058.94. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.28% of the company’s stock.
A number of brokerages recently issued reports on MKTX. Buckingham Research raised their price objective on shares of MarketAxess from $249.00 to $251.00 and gave the company an “underperform” rating in a report on Thursday, October 24th. BidaskClub upgraded shares of MarketAxess from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 2nd. Deutsche Bank raised their price target on shares of MarketAxess from $347.00 to $349.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. Argus initiated coverage on shares of MarketAxess in a report on Thursday, August 29th. They set a “hold” rating for the company. Finally, ValuEngine lowered shares of MarketAxess from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a strong buy rating to the company. MarketAxess currently has a consensus rating of “Hold” and an average target price of $296.67.
MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer firms the access to global liquidity in U.S.
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