AGF Management Ltd. acquired a new position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 9,796 shares of the financial services provider's stock, valued at approximately $2,214,000.
Several other large investors have also modified their holdings of MKTX. Congress Asset Management Co. purchased a new position in shares of MarketAxess during the 4th quarter worth about $71,103,000. FMR LLC lifted its holdings in shares of MarketAxess by 17.5% during the 3rd 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 shares of MarketAxess by 13.4% during the 4th quarter. Van ECK Associates Corp now owns 2,000,736 shares of the financial services provider's stock worth $452,246,000 after acquiring an additional 236,497 shares during the period. Raymond James Financial Inc. purchased a new position in shares of MarketAxess during the 4th quarter worth about $46,079,000. Finally, Castle Hook Partners LP acquired a new stake in MarketAxess during the 3rd quarter worth approximately $42,967,000. 99.01% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms recently issued reports on MKTX. 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 research report on Monday, February 10th. UBS Group dropped their target price on shares of MarketAxess from $330.00 to $305.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Piper Sandler dropped their price objective on shares of MarketAxess from $265.00 to $240.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods dropped their price objective on shares of MarketAxess from $251.00 to $225.00 and set a "market perform" rating on the stock in a research note on Friday, February 7th. Finally, Barclays dropped their price objective 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $254.78.
Read Our Latest Research Report on MKTX
MarketAxess Price Performance
Shares of NASDAQ:MKTX traded down $0.61 during midday trading on Wednesday, reaching $216.75. The company had a trading volume of 389,509 shares, compared to its average volume of 438,296. The stock's fifty day moving average price is $207.99 and its 200-day moving average price is $240.95. The stock has a market capitalization of $8.17 billion, a P/E ratio of 29.81, a PEG ratio of 3.89 and a beta of 1.05. MarketAxess Holdings Inc. has a one year low of $186.84 and a one year high of $296.68.
MarketAxess (NASDAQ:MKTX - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, topping 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, sell-side analysts forecast that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.
MarketAxess Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 19th were issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Wednesday, February 19th. This is an increase from MarketAxess's previous quarterly dividend of $0.74. MarketAxess's payout ratio is currently 41.82%.
MarketAxess Company Profile
(
Free Report)
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.
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