Toronto Dominion Bank Has $5.81 Million Position in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Toronto Dominion Bank boosted its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,721 shares of the financial services provider’s stock after acquiring an additional 984 shares during the quarter. Toronto Dominion Bank owned 0.07% of MarketAxess worth $5,813,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Global X Japan Co. Ltd. raised its stake in MarketAxess by 179.5% during the fourth quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 70 shares in the last quarter. Allianz SE acquired a new position in MarketAxess during the fourth quarter worth $27,000. Smartleaf Asset Management LLC raised its stake in MarketAxess by 495.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 104 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in MarketAxess by 13,900.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 139 shares in the last quarter. Finally, Huntington National Bank raised its stake in MarketAxess by 185.7% during the fourth quarter. Huntington National Bank now owns 160 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 104 shares in the last quarter. 99.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MKTX has been the subject of a number of research reports. Barclays raised their target price on MarketAxess from $232.00 to $240.00 and gave the company an “equal weight” rating in a research note on Thursday, May 8th. Morgan Stanley raised their target price on MarketAxess from $263.00 to $283.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. UBS Group lowered their target price on MarketAxess from $305.00 to $295.00 and set a “buy” rating for the company in a research note on Monday, April 7th. Bank of America raised their target price on MarketAxess from $189.00 to $191.00 and gave the company an “underperform” rating in a research note on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods raised their target price on MarketAxess from $223.00 to $226.00 and gave the company a “market perform” rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, MarketAxess currently has a consensus rating of “Hold” and a consensus target price of $241.78.

MarketAxess Stock Down 1.4%

MarketAxess stock opened at $219.64 on Thursday. The business’s 50-day simple moving average is $217.96 and its 200 day simple moving average is $224.44. The stock has a market cap of $8.24 billion, a price-to-earnings ratio of 30.21, a P/E/G ratio of 3.89 and a beta of 0.89. MarketAxess Holdings Inc. has a 12-month low of $186.84 and a 12-month high of $296.68.

MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.05. The business had revenue of $208.58 million for the quarter, compared to analysts’ expectations of $211.81 million. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the business earned $1.92 earnings per share. As a group, sell-side analysts expect that MarketAxess Holdings Inc. will post 7.79 EPS for the current year.

MarketAxess Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 1.38%. The ex-dividend date is Wednesday, May 21st. MarketAxess’s dividend payout ratio is 52.87%.

About MarketAxess

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.