MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Sold by AIA Group Ltd

AIA Group Ltd decreased its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,296 shares of the financial services provider's stock after selling 1,191 shares during the period. AIA Group Ltd owned 0.05% of MarketAxess worth $4,362,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Global X Japan Co. Ltd. increased its holdings in shares of 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 buying an additional 70 shares during the last quarter. Allianz SE acquired a new stake in MarketAxess during the fourth quarter worth about $27,000. Smartleaf Asset Management LLC raised its holdings in shares of MarketAxess by 495.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock worth $28,000 after purchasing an additional 104 shares during the period. SRS Capital Advisors Inc. lifted its stake in shares of MarketAxess by 13,900.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 139 shares in the last quarter. Finally, Park Place Capital Corp acquired a new stake in MarketAxess during the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 99.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MKTX. Piper Sandler reduced their price target on shares of MarketAxess from $265.00 to $240.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. The Goldman Sachs Group decreased their price target 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. Bank of America raised their price objective on MarketAxess from $189.00 to $191.00 and gave the company an "underperform" rating in a research report on Wednesday. Keefe, Bruyette & Woods decreased their target price 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. Finally, Barclays dropped their target price on MarketAxess from $256.00 to $225.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $255.44.

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MarketAxess Trading Down 2.4 %

NASDAQ MKTX traded down $5.09 during mid-day trading on Wednesday, reaching $210.83. 614,885 shares of the company's stock traded hands, compared to its average volume of 463,343. The company has a fifty day simple moving average of $207.07 and a 200-day simple moving average of $238.18. MarketAxess Holdings Inc. has a 1-year low of $186.84 and a 1-year high of $296.68. The company has a market cap of $7.95 billion, a price-to-earnings ratio of 29.00, a P/E/G ratio of 3.89 and a beta of 1.05.

MarketAxess (NASDAQ:MKTX - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share 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%. Equities research analysts forecast 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. Stockholders of record on Wednesday, February 19th were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend was Wednesday, February 19th. This is a positive change from MarketAxess's previous quarterly dividend of $0.74. MarketAxess's dividend payout ratio is 41.82%.

MarketAxess 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.