Vinva Investment Management Ltd Buys New Position in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Vinva Investment Management Ltd purchased a new stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,958 shares of the financial services provider's stock, valued at approximately $1,342,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Congress Asset Management Co. purchased a new position in shares of MarketAxess during the 4th quarter valued at approximately $71,103,000. FMR LLC raised its position in MarketAxess by 17.5% during the third quarter. FMR LLC now owns 1,959,043 shares of the financial services provider's stock worth $501,907,000 after acquiring an additional 291,134 shares during the period. Van ECK Associates Corp lifted its holdings in MarketAxess by 13.4% during the fourth quarter. Van ECK Associates Corp now owns 2,000,736 shares of the financial services provider's stock valued at $452,246,000 after purchasing an additional 236,497 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of MarketAxess in the fourth quarter valued at about $46,079,000. Finally, Castle Hook Partners LP acquired a new stake in shares of MarketAxess in the third quarter valued at about $42,967,000. Hedge funds and other institutional investors own 99.01% of the company's stock.

MarketAxess Stock Performance

Shares of NASDAQ MKTX traded up $1.64 during mid-day trading on Tuesday, reaching $213.42. 356,594 shares of the company's stock were exchanged, compared to its average volume of 441,542. The firm has a market capitalization of $8.04 billion, a price-to-earnings ratio of 29.36, a PEG ratio of 3.89 and a beta of 1.05. MarketAxess Holdings Inc. has a 52-week low of $186.84 and a 52-week high of $296.68. The company's 50-day moving average is $207.82 and its 200-day moving average is $240.10.

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MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share for the quarter, beating analysts' consensus estimates of $1.70 by $0.03. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. As a group, equities analysts predict that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.

MarketAxess Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 19th were issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Wednesday, February 19th. This is an increase from MarketAxess's previous quarterly dividend of $0.74. MarketAxess's dividend payout ratio (DPR) is 41.82%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. UBS Group decreased their price target on shares of MarketAxess from $330.00 to $305.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. Piper Sandler decreased their target price on MarketAxess from $265.00 to $240.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods dropped their price target on MarketAxess from $251.00 to $225.00 and set a "market perform" rating for the company in a research report on Friday, February 7th. Barclays decreased their price objective on MarketAxess from $256.00 to $225.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. Finally, The Goldman Sachs Group dropped their target price on shares of MarketAxess from $235.00 to $210.00 and set a "neutral" rating for the company in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $254.78.

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.