AIA Group Ltd increased its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 11.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,487 shares of the financial services provider's stock after purchasing an additional 2,142 shares during the quarter. AIA Group Ltd owned 0.05% of MarketAxess worth $5,249,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of MKTX. Kingsview Wealth Management LLC acquired a new position in MarketAxess during the 1st quarter worth about $7,866,000. SG Americas Securities LLC boosted its holdings in shares of MarketAxess by 174.2% in the 1st quarter. SG Americas Securities LLC now owns 6,743 shares of the financial services provider's stock worth $1,478,000 after buying an additional 4,284 shares during the last quarter. Choate Investment Advisors purchased a new position in shares of MarketAxess during the 1st quarter valued at $752,000. Entropy Technologies LP bought a new position in MarketAxess in the 1st quarter worth approximately $882,000. Finally, ProShare Advisors LLC lifted its holdings in shares of MarketAxess by 48.4% in the first quarter. ProShare Advisors LLC now owns 11,615 shares of the financial services provider's stock worth $2,547,000 after buying an additional 3,787 shares in the last quarter. 99.01% of the stock is currently owned by institutional investors and hedge funds.
MarketAxess Stock Up 0.1 %
Shares of NASDAQ:MKTX traded up $0.27 during trading on Friday, reaching $274.68. The stock had a trading volume of 314,979 shares, compared to its average volume of 408,484. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $10.37 billion, a P/E ratio of 39.54, a PEG ratio of 9.04 and a beta of 1.05. The firm's 50-day simple moving average is $269.85 and its 200 day simple moving average is $232.80. MarketAxess Holdings Inc. has a one year low of $192.42 and a one year high of $297.97.
MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.82 by $0.08. MarketAxess had a net margin of 33.71% and a return on equity of 20.43%. The business had revenue of $206.70 million during the quarter, compared to the consensus estimate of $207.17 million. During the same period in the previous year, the firm posted $1.46 earnings per share. The business's revenue for the quarter was up 20.0% compared to the same quarter last year. As a group, research analysts expect that MarketAxess Holdings Inc. will post 7.26 EPS for the current fiscal year.
MarketAxess Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be paid a $0.74 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.08%. MarketAxess's payout ratio is currently 42.65%.
MarketAxess announced that its Board of Directors has approved a share repurchase program on Tuesday, August 6th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 2.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.
Analyst Ratings Changes
MKTX has been the subject of a number of research analyst reports. Citigroup lifted their price target on MarketAxess from $310.00 to $325.00 and gave the company a "buy" rating in a research report on Friday, October 4th. StockNews.com upgraded MarketAxess from a "sell" rating to a "hold" rating in a report on Wednesday, August 7th. UBS Group increased their price target on MarketAxess from $330.00 to $335.00 and gave the company a "buy" rating in a report on Thursday. Deutsche Bank Aktiengesellschaft lifted their price objective on MarketAxess from $218.00 to $223.00 and gave the stock a "hold" rating in a report on Thursday, August 15th. Finally, Barclays raised their target price on MarketAxess from $237.00 to $268.00 and gave the stock an "equal weight" rating in a report on Monday, October 7th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, MarketAxess has a consensus rating of "Hold" and a consensus price target of $263.40.
Read Our Latest Stock Report on MKTX
About MarketAxess
(
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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