Los Angeles Capital Management LLC Takes $12.20 Million Position in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Los Angeles Capital Management LLC purchased a new position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 53,974 shares of the financial services provider's stock, valued at approximately $12,200,000. Los Angeles Capital Management LLC owned 0.14% of MarketAxess as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of MKTX. Asset Management One Co. Ltd. boosted its holdings in shares of MarketAxess by 0.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 15,431 shares of the financial services provider's stock worth $3,953,000 after buying an additional 50 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in shares of MarketAxess by 1.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 5,080 shares of the financial services provider's stock worth $1,287,000 after acquiring an additional 52 shares during the period. V Square Quantitative Management LLC boosted its holdings in shares of MarketAxess by 4.0% during the fourth quarter. V Square Quantitative Management LLC now owns 1,340 shares of the financial services provider's stock worth $303,000 after acquiring an additional 52 shares during the period. M&T Bank Corp increased its stake in shares of MarketAxess by 4.0% during the third quarter. M&T Bank Corp now owns 1,469 shares of the financial services provider's stock worth $376,000 after purchasing an additional 56 shares during the period. Finally, Global X Japan Co. Ltd. lifted its holdings in MarketAxess by 179.5% during the 4th quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock worth $25,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds own 99.01% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Piper Sandler decreased their price objective on MarketAxess from $265.00 to $240.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Barclays decreased their price target on shares of MarketAxess from $256.00 to $225.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. Keefe, Bruyette & Woods dropped their price objective on shares of MarketAxess from $251.00 to $225.00 and set a "market perform" rating for the company in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft increased their target price on shares of MarketAxess from $258.00 to $264.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. Finally, The Goldman Sachs Group lowered their target price on shares of MarketAxess from $235.00 to $210.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $254.78.

MarketAxess Stock Up 0.8 %

Shares of NASDAQ:MKTX traded up $1.44 during midday trading on Friday, hitting $192.79. The stock had a trading volume of 3,563,962 shares, compared to its average volume of 652,266. The company's 50-day moving average price is $212.53 and its 200-day moving average price is $243.36. MarketAxess Holdings Inc. has a fifty-two week low of $186.84 and a fifty-two week high of $296.68. The company has a market capitalization of $7.27 billion, a P/E ratio of 26.52, a price-to-earnings-growth ratio of 3.89 and a beta of 1.02.

MarketAxess (NASDAQ:MKTX - Get Free Report) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.03. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. Research analysts expect that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.

MarketAxess Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Wednesday, February 19th will be paid a $0.76 dividend. The ex-dividend date is Wednesday, February 19th. This is a positive change from MarketAxess's previous quarterly dividend of $0.74. This represents a $3.04 annualized dividend and a yield of 1.58%. MarketAxess's dividend payout ratio (DPR) is 41.82%.

Insider Buying and Selling at MarketAxess

In other news, General Counsel Scott Pintoff sold 300 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $240.57, for a total value of $72,171.00. Following the sale, the general counsel now directly owns 8,302 shares in the company, valued at approximately $1,997,212.14. This trade represents a 3.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.66% of the company's stock.

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.