4,321 Shares in MarketAxess Holdings Inc. $MKTX Purchased by Wick Capital Partners LLC

Wick Capital Partners LLC acquired a new stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,321 shares of the financial services provider’s stock, valued at approximately $783,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MUFG Securities EMEA plc acquired a new position in shares of MarketAxess in the 2nd quarter worth approximately $25,000. Geneos Wealth Management Inc. raised its position in shares of MarketAxess by 200.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 80 shares in the last quarter. Activest Wealth Management acquired a new stake in shares of MarketAxess during the 4th quarter valued at approximately $28,000. Stance Capital LLC acquired a new stake in shares of MarketAxess during the 3rd quarter valued at approximately $42,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in MarketAxess by 111.6% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 311 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 164 shares during the last quarter. Institutional investors and hedge funds own 99.01% of the company’s stock.

MarketAxess Price Performance

Shares of MKTX opened at $120.33 on Friday. The company has a market cap of $4.28 billion, a P/E ratio of 14.22, a PEG ratio of 3.88 and a beta of 0.86. The stock has a fifty day moving average price of $143.62 and a 200 day moving average price of $164.16. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.17 and a quick ratio of 2.17. MarketAxess Holdings Inc. has a 12 month low of $113.29 and a 12 month high of $225.07.

MarketAxess (NASDAQ:MKTX) last issued its earnings results on Thursday, May 7th. The financial services provider reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.10. The firm had revenue of $233.38 million for the quarter, compared to analyst estimates of $231.91 million. MarketAxess had a return on equity of 22.28% and a net margin of 35.53%.The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the company earned $1.87 earnings per share. On average, research analysts forecast that MarketAxess Holdings Inc. will post 8 earnings per share for the current year.

MarketAxess Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Wednesday, May 20th. MarketAxess’s dividend payout ratio (DPR) is 36.88%.

Analyst Upgrades and Downgrades

A number of research firms have commented on MKTX. UBS Group decreased their price objective on shares of MarketAxess from $225.00 to $215.00 and set a “buy” rating for the company in a report on Monday, May 11th. Keefe, Bruyette & Woods started coverage on shares of MarketAxess in a research report on Wednesday, April 8th. They issued an “outperform” rating and a $195.00 price target on the stock. Barclays decreased their price target on shares of MarketAxess from $189.00 to $170.00 and set an “equal weight” rating for the company in a report on Monday, May 11th. Argus downgraded shares of MarketAxess from a “buy” rating to a “hold” rating in a research report on Tuesday, March 17th. Finally, Rothschild & Co Redburn reiterated a “neutral” rating and set a $134.00 price objective (down from $189.00) on shares of MarketAxess in a research note on Thursday, June 11th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $183.10.

About MarketAxess

MarketAxess Holdings Inc operates a leading global electronic trading platform specializing in fixed-income securities and related products. The company’s network enables institutional investors and broker-dealers to trade corporate bonds, municipal securities, emerging markets debt, U.S. Treasuries and credit default swaps in an automated, multi-dealer environment. MarketAxess also offers portfolio trading, data analytics, best-execution tools and post-trade services to streamline workflows and enhance price discovery across its marketplace.

In addition to core voice-like trading protocols, MarketAxess provides Open Trading®, an anonymous, all-to-all trading protocol designed to improve liquidity and transaction efficiency.