MarketAxess Holdings Inc. (NASDAQ:MKTX) Position Trimmed by Millennium Management LLC

Millennium Management LLC decreased its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 24.6% in the 4th quarter, Holdings Channel reports. The firm owned 144,146 shares of the financial services provider’s stock after selling 47,131 shares during the quarter. Millennium Management LLC’s holdings in MarketAxess were worth $32,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Global X Japan Co. Ltd. increased 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 valued at $25,000 after purchasing an additional 70 shares during the last quarter. Allianz SE bought a new stake in MarketAxess during the fourth quarter valued at $27,000. Smartleaf Asset Management LLC increased 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 valued at $28,000 after purchasing an additional 104 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in MarketAxess by 13,900.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider’s stock valued at $32,000 after buying an additional 139 shares during the last quarter. Finally, Huntington National Bank lifted its stake in MarketAxess by 185.7% in the fourth quarter. Huntington National Bank now owns 160 shares of the financial services provider’s stock valued at $36,000 after buying an additional 104 shares during the last quarter. Institutional investors own 99.01% of the company’s stock.

MarketAxess Stock Up 1.2%

Shares of NASDAQ MKTX opened at $216.01 on Monday. MarketAxess Holdings Inc. has a fifty-two week low of $186.84 and a fifty-two week high of $296.68. The firm’s 50-day simple moving average is $217.35 and its 200 day simple moving average is $224.96. The stock has a market cap of $8.10 billion, a P/E ratio of 29.71, a P/E/G ratio of 3.89 and a beta of 0.89.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.05. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. The business had revenue of $208.58 million for the quarter, compared to analysts’ expectations of $211.81 million. During the same period in the previous year, the business earned $1.92 earnings per share. The company’s revenue was down .8% on a year-over-year basis. On average, sell-side analysts anticipate that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.

MarketAxess Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 1.41%. The ex-dividend date is Wednesday, May 21st. MarketAxess’s dividend payout ratio (DPR) is presently 52.87%.

Analyst Ratings Changes

MKTX has been the topic of a number of recent 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. Piper Sandler cut their target price on MarketAxess from $213.00 to $202.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. The Goldman Sachs Group cut their target price on MarketAxess from $235.00 to $210.00 and set a “neutral” rating on the stock in a research note on Monday, February 10th. 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, 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $241.78.

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.