Deutsche Bank AG Purchases New Stake in Miami International Holdings, Inc. $MIAX

Deutsche Bank AG purchased a new position in Miami International Holdings, Inc. (NYSE:MIAX) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 75,052 shares of the company’s stock, valued at approximately $2,789,000. Deutsche Bank AG owned approximately 0.08% of Miami International at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of MIAX. State of Wyoming bought a new position in shares of Miami International in the 4th quarter worth about $26,000. National Bank of Canada FI bought a new position in shares of Miami International in the 3rd quarter worth about $29,000. Comerica Bank increased its stake in shares of Miami International by 295.6% in the 4th quarter. Comerica Bank now owns 1,254 shares of the company’s stock worth $56,000 after acquiring an additional 937 shares in the last quarter. Fifth Third Bancorp purchased a new stake in Miami International during the 1st quarter valued at about $61,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Miami International during the 4th quarter valued at about $66,000.

Miami International Stock Performance

Shares of MIAX traded down $0.17 during mid-day trading on Friday, reaching $43.88. The stock had a trading volume of 90,366 shares, compared to its average volume of 1,507,450. The firm has a market cap of $4.35 billion and a price-to-earnings ratio of 56.99. Miami International Holdings, Inc. has a 12 month low of $34.02 and a 12 month high of $57.14. The business has a fifty day moving average of $42.15 and a 200 day moving average of $43.02.

Miami International (NYSE:MIAX) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.07. The firm had revenue of $387.63 million for the quarter. Miami International had a net margin of 9.70% and a return on equity of 16.95%. The company’s quarterly revenue was up 34.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.48 EPS. On average, research analysts forecast that Miami International Holdings, Inc. will post 1.69 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Miami International from $41.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Zacks Research downgraded shares of Miami International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Miami International in a report on Friday, August 7th. Rosenblatt Securities raised their price target on shares of Miami International from $61.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Miami International from $46.00 to $48.00 and gave the company a “market perform” rating in a report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $52.00.

Insider Activity

In related news, Director Kurt M. Eckert sold 1,063 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $45.80, for a total transaction of $48,685.40. Following the sale, the director owned 149,612 shares of the company’s stock, valued at $6,852,229.60. This represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Harish Jayabalan sold 20,000 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $45.90, for a total transaction of $918,000.00. Following the sale, the executive vice president directly owned 78,065 shares in the company, valued at approximately $3,583,183.50. The trade was a 20.39% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 797,208 shares of company stock valued at $33,858,199. Company insiders own 15.60% of the company’s stock.

About Miami International

Miami International (NYSE:MIAX) is a U.S. exchange holding company that operates electronic trading venues and provides market infrastructure for listed options and related products. Its primary business activities include operating regulated exchanges, delivering market data feeds, and offering trading technology and connectivity services designed for professional traders, broker-dealers, and market makers. The company focuses on low-latency execution, order matching, and the operational controls required to support high-volume, automated trading strategies in listed derivatives.

Products and services provided by Miami International include fully electronic order matching engines, transmittable market data and feed products, colocation and connectivity solutions, and tools for risk management and regulatory compliance.