Rep. Julie Johnson Sells MarketAxess Holdings Inc. (NASDAQ:MKTX) Stock

Representative Julie Johnson (D-Texas) recently sold shares of MarketAxess Holdings Inc. (NASDAQ:MKTX). In a filing disclosed on March 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in MarketAxess stock on February 12th. The trade occurred in the Representative’s “MERRILL LYNCH TAX EFFICIENT CORE” account.

Representative Julie Johnson also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Norfolk Southern (NYSE:NSC) on 2/25/2025.
• Purchased $1,001 – $15,000 in shares of Union Pacific (NYSE:UNP) on 2/25/2025.
• Purchased $1,001 – $15,000 in shares of Bank of New York Mellon (NYSE:BK) on 2/24/2025.
• Sold $1,001 – $15,000 in shares of BlackRock (NYSE:BLK) on 2/24/2025.
• Sold $1,001 – $15,000 in shares of The PNC Financial Services Group (NYSE:PNC) on 2/24/2025.
• Purchased $1,001 – $15,000 in shares of Progressive (NYSE:PGR) on 2/24/2025.
• Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 2/24/2025.
• Purchased $1,001 – $15,000 in shares of Capital One Financial (NYSE:COF) on 2/24/2025.
• Purchased $1,001 – $15,000 in shares of Capital One Financial (NYSE:COF) on 2/14/2025.
• Purchased $1,001 – $15,000 in shares of Progressive (NYSE:PGR) on 2/14/2025.

MarketAxess Trading Up 2.4 %

NASDAQ MKTX opened at $212.01 on Friday. MarketAxess Holdings Inc. has a 12 month low of $186.84 and a 12 month high of $296.68. The stock has a market cap of $7.99 billion, a P/E ratio of 29.16, a P/E/G ratio of 3.89 and a beta of 1.05. The stock’s fifty day moving average price is $208.68 and its 200-day moving average price is $241.63.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share (EPS) 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%. As a group, analysts forecast that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.

MarketAxess Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th were paid a $0.76 dividend. This is a boost from MarketAxess’s previous quarterly dividend of $0.74. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Wednesday, February 19th. MarketAxess’s dividend payout ratio is currently 41.82%.

Institutional Investors Weigh In On MarketAxess

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MKTX. First Hawaiian Bank purchased a new stake in MarketAxess in the 4th quarter worth $1,088,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in MarketAxess in the 3rd quarter worth $1,966,000. Keybank National Association OH increased its stake in MarketAxess by 18.2% in the 4th quarter. Keybank National Association OH now owns 8,149 shares of the financial services provider’s stock worth $1,842,000 after buying an additional 1,256 shares in the last quarter. Mediolanum International Funds Ltd purchased a new stake in MarketAxess in the 4th quarter worth $982,000. Finally, Norden Group LLC purchased a new stake in MarketAxess in the 4th quarter worth $539,000. Institutional investors own 99.01% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on MKTX shares. Barclays lowered their price target on MarketAxess from $256.00 to $225.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. The Goldman Sachs Group lowered their price target on MarketAxess from $235.00 to $210.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Keefe, Bruyette & Woods lowered their target price on MarketAxess from $251.00 to $225.00 and set a “market perform” rating on the stock in a report on Friday, February 7th. UBS Group lowered their target price on MarketAxess from $330.00 to $305.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Finally, Piper Sandler lowered their target price on MarketAxess from $265.00 to $240.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, MarketAxess currently has an average rating of “Hold” and an average target price of $254.78.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas’ 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Johnson (Democratic Party) ran for election to the U.S. House to represent Texas’ 32nd Congressional District. She won in the general election on November 5, 2024.

Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson’s career experience includes working as an attorney.

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.