33,576 Shares in MarketAxess Holdings Inc. $MKTX Bought by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 33,576 shares of the financial services provider’s stock, valued at approximately $3,814,000.

A number of other large investors have also added to or reduced their stakes in the company. MUFG Securities EMEA plc purchased a new stake in shares of MarketAxess during the second quarter valued at about $25,000. Geneos Wealth Management Inc. grew its position in shares of MarketAxess by 200.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider’s stock worth $26,000 after buying an additional 80 shares during the last quarter. Activest Wealth Management purchased a new position in shares of MarketAxess in the 4th quarter worth approximately $28,000. Pacer Advisors Inc. raised its stake in shares of MarketAxess by 300.0% during the 4th quarter. Pacer Advisors Inc. now owns 280 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 210 shares in the last quarter. Finally, Westpac Banking Corp bought a new position in shares of MarketAxess during the 1st quarter worth approximately $56,000. 99.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MKTX. UBS Group downgraded shares of MarketAxess from a “buy” rating to a “neutral” rating and lowered their target price for the company from $200.00 to $167.00 in a research note on Friday, July 31st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of MarketAxess in a research report on Monday, August 3rd. William Blair lowered MarketAxess from an “outperform” rating to a “market perform” rating in a report on Thursday, July 30th. Morgan Stanley dropped their price target on MarketAxess from $195.00 to $129.00 and set an “equal weight” rating on the stock in a research note on Friday, July 10th. Finally, Piper Sandler dropped their target price on shares of MarketAxess from $175.00 to $128.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 15th. One analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $156.10.

MarketAxess Stock Up 0.2%

MarketAxess stock opened at $162.72 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.85 and a current ratio of 1.85. The business’s 50-day simple moving average is $136.14 and its two-hundred day simple moving average is $150.83. The company has a market cap of $5.73 billion, a PE ratio of 19.19, a PEG ratio of 2.07 and a beta of 0.83. MarketAxess Holdings Inc. has a fifty-two week low of $108.75 and a fifty-two week high of $195.96.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.10. MarketAxess had a return on equity of 22.48% and a net margin of 35.22%.The business had revenue of $218.41 million for the quarter, compared to analyst estimates of $216.70 million. During the same period in the prior year, the company earned $2.00 earnings per share. The company’s revenue was down .5% on a year-over-year basis. Equities analysts anticipate that MarketAxess Holdings Inc. will post 8.06 EPS for the current year.

MarketAxess Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, August 19th. MarketAxess’s dividend payout ratio is 36.79%.

MarketAxess Company Profile

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.