CW Advisors LLC raised its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX – Free Report) by 27.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,296 shares of the financial services provider’s stock after purchasing an additional 8,331 shares during the quarter. CW Advisors LLC owned 0.10% of MarketAxess worth $8,285,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its holdings in MarketAxess by 49.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 164 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 54 shares in the last quarter. State of Wyoming lifted its holdings in MarketAxess by 13.6% during the fourth quarter. State of Wyoming now owns 483 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 58 shares in the last quarter. Federated Hermes Inc. lifted its holdings in MarketAxess by 13.0% during the first quarter. Federated Hermes Inc. now owns 522 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 60 shares in the last quarter. Guggenheim Capital LLC lifted its holdings in MarketAxess by 3.7% during the fourth quarter. Guggenheim Capital LLC now owns 1,701 shares of the financial services provider’s stock valued at $384,000 after purchasing an additional 61 shares in the last quarter. Finally, Colonial Trust Co SC lifted its holdings in MarketAxess by 20.2% during the fourth quarter. Colonial Trust Co SC now owns 422 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 71 shares in the last quarter. Hedge funds and other institutional investors own 99.01% of the company’s stock.
Analyst Ratings Changes
MKTX has been the topic of several analyst reports. Keefe, Bruyette & Woods lifted their price target on shares of MarketAxess from $223.00 to $226.00 and gave the company a “market perform” rating in a report on Thursday, May 8th. UBS Group lowered their target price on shares of MarketAxess from $295.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday, August 7th. Wall Street Zen raised shares of MarketAxess from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Morgan Stanley lowered their target price on shares of MarketAxess from $283.00 to $274.00 and set an “overweight” rating on the stock in a report on Tuesday, July 15th. Finally, Jefferies Financial Group lowered their target price on shares of MarketAxess from $217.00 to $208.00 and set a “hold” rating on the stock in a report on Monday, August 11th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, MarketAxess presently has a consensus rating of “Hold” and a consensus price target of $229.70.
MarketAxess Stock Performance
MKTX stock opened at $188.73 on Friday. MarketAxess Holdings Inc. has a one year low of $182.99 and a one year high of $296.68. The company’s fifty day moving average price is $208.74 and its 200-day moving average price is $211.25. The company has a market capitalization of $7.05 billion, a PE ratio of 31.77, a price-to-earnings-growth ratio of 3.62 and a beta of 0.84.
MarketAxess (NASDAQ:MKTX – Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.06. The company had revenue of $219.46 million for the quarter, compared to the consensus estimate of $218.05 million. MarketAxess had a net margin of 26.62% and a return on equity of 20.41%. MarketAxess’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.72 earnings per share. On average, research analysts predict that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.
MarketAxess Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $3.04 dividend on an annualized basis and a yield of 1.6%. MarketAxess’s dividend payout ratio is presently 51.18%.
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.
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