MarketAxess (NASDAQ:MKTX) General Counsel Sells $16,480.00 in Stock

MarketAxess Holdings Inc. (NASDAQ:MKTX) General Counsel Scott Pintoff sold 100 shares of the firm’s stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $164.80, for a total transaction of $16,480.00. Following the completion of the transaction, the general counsel directly owned 11,286 shares of the company’s stock, valued at approximately $1,859,932.80. This represents a 0.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Scott Pintoff also recently made the following trade(s):

• On Monday, October 12th, Scott Pintoff sold 100 shares of MarketAxess stock. The stock was sold at an average price of $164.65, for a total transaction of $16,465.00.
• On Thursday, September 10th, Scott Pintoff sold 100 shares of MarketAxess stock. The shares were sold at an average price of $163.32, for a total transaction of $16,332.00.

MarketAxess Price Performance

NASDAQ MKTX opened at $165.16 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.01 and a quick ratio of 1.85. The stock’s fifty day moving average price is $164.31 and its 200 day moving average price is $155.18. MarketAxess Holdings Inc. has a 1 year low of $108.75 and a 1 year high of $195.96. The company has a market cap of $5.82 billion, a price-to-earnings ratio of 21.36, a PEG ratio of 2.23 and a beta of 0.83.

MarketAxess (NASDAQ:MKTX) last issued its earnings results on Friday, October 23rd. The financial services provider reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.09). MarketAxess had a return on equity of 22.75% and a net margin of 33.51%. The firm had revenue of $210.41 million during the quarter, compared to analysts’ expectations of $218.98 million. During the same quarter last year, the business earned $1.84 EPS. The business’s revenue was up .8% on a year-over-year basis. As a group, equities research analysts forecast that MarketAxess Holdings Inc. will post 7.96 earnings per share for the current year.

MarketAxess Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Wednesday, November 11th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Tuesday, November 10th. MarketAxess’s dividend payout ratio (DPR) is presently 38.19%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MKTX. Morgan Stanley lifted their target price on MarketAxess from $129.00 to $167.00 and gave the stock an “equal weight” rating in a report on Friday, October 9th. UBS Group downgraded shares of MarketAxess from a “buy” rating to a “neutral” rating and cut their price target for the stock from $200.00 to $167.00 in a report on Friday, July 31st. Barclays raised their price target on shares of MarketAxess from $132.00 to $167.00 and gave the stock an “equal weight” rating in a research report on Monday, August 10th. Keefe, Bruyette & Woods cut shares of MarketAxess from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $150.00 to $167.00 in a research note on Tuesday, August 11th. Finally, Weiss Ratings raised shares of MarketAxess from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 29th. One equities research analyst has rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, MarketAxess has an average rating of “Hold” and an average price target of $159.44.

Institutional Trading of MarketAxess

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in MarketAxess during the second quarter valued at approximately $453,941,000. Primecap Management Co. CA purchased a new stake in MarketAxess in the 2nd quarter worth approximately $397,772,000. North Reef Capital Management LP grew its stake in shares of MarketAxess by 16.5% during the 1st quarter. North Reef Capital Management LP now owns 1,875,000 shares of the financial services provider’s stock worth $309,338,000 after purchasing an additional 265,670 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of MarketAxess by 10.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 581,484 shares of the financial services provider’s stock worth $95,933,000 after purchasing an additional 54,503 shares during the period. Finally, Azora Capital LP acquired a new stake in shares of MarketAxess during the 2nd quarter worth approximately $58,230,000. 99.01% of the stock is owned by institutional investors and hedge funds.

MarketAxess Company Profile

MarketAxess Holdings Inc. operates an electronic trading platform for fixed-income securities. Its marketplace connects institutional investors and broker-dealers, enabling them to trade bonds and other debt instruments through electronic tools such as request-for-quote and open trading protocols. The platform supports trading across a range of fixed-income markets, including U.S. and European corporate bonds, U.S. Treasuries, municipal bonds, emerging-market debt and other securities. MarketAxess also provides market data and trading analytics to help clients assess prices and make trading decisions.