Kingsview Wealth Management LLC Has $8.36 Million Stock Holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Kingsview Wealth Management LLC lowered its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,970 shares of the financial services provider’s stock after selling 295 shares during the period. Kingsview Wealth Management LLC owned about 0.10% of MarketAxess worth $8,357,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Park Avenue Securities LLC acquired a new stake in shares of MarketAxess in the 3rd quarter valued at $261,000. Czech National Bank lifted its position in shares of MarketAxess by 6.5% in the third quarter. Czech National Bank now owns 7,690 shares of the financial services provider’s stock worth $1,970,000 after buying an additional 469 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of MarketAxess by 128.2% during the 3rd quarter. GAMMA Investing LLC now owns 502 shares of the financial services provider’s stock worth $129,000 after acquiring an additional 282 shares in the last quarter. CWM LLC raised its stake in shares of MarketAxess by 39.5% in the 3rd quarter. CWM LLC now owns 759 shares of the financial services provider’s stock valued at $194,000 after acquiring an additional 215 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in MarketAxess by 555.6% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 236 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 200 shares during the last quarter. 99.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Chairman Richard M. Mcvey sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $271.75, for a total transaction of $5,435,000.00. Following the completion of the sale, the chairman now owns 592,029 shares of the company’s stock, valued at approximately $160,883,880.75. This trade represents a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Scott Pintoff sold 300 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $240.57, for a total value of $72,171.00. Following the completion of the transaction, the general counsel now directly owns 8,302 shares in the company, valued at $1,997,212.14. The trade was a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,300 shares of company stock worth $8,183,871. Corporate insiders own 2.66% of the company’s stock.

MarketAxess Stock Performance

Shares of MarketAxess stock opened at $201.37 on Friday. The firm has a market cap of $7.59 billion, a P/E ratio of 27.70, a price-to-earnings-growth ratio of 4.08 and a beta of 1.02. The firm’s 50-day simple moving average is $226.61 and its 200-day simple moving average is $246.84. MarketAxess Holdings Inc. has a twelve month low of $192.42 and a twelve month high of $296.68.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.03. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. On average, equities analysts forecast that MarketAxess Holdings Inc. will post 8.05 earnings per share for the current fiscal year.

MarketAxess Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 19th will be paid a dividend of $0.76 per share. This is a positive change from MarketAxess’s previous quarterly dividend of $0.74. This represents a $3.04 annualized dividend and a yield of 1.51%. The ex-dividend date is Wednesday, February 19th. MarketAxess’s dividend payout ratio is currently 40.72%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MKTX. Barclays reduced their price objective on shares of MarketAxess from $256.00 to $225.00 and set an “equal weight” rating for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft lifted their price objective on MarketAxess from $258.00 to $264.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Piper Sandler dropped their price target on MarketAxess from $265.00 to $240.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Morgan Stanley boosted their target price on shares of MarketAxess from $262.00 to $314.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Finally, UBS Group reduced their price target on shares of MarketAxess from $330.00 to $305.00 and set a “buy” rating for the company in a report on Friday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, MarketAxess has a consensus rating of “Hold” and a consensus price target of $257.33.

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.