Alberta Investment Management Corp acquired a new position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 16,300 shares of the financial services provider's stock, valued at approximately $3,684,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Congress Asset Management Co. bought a new position in shares of MarketAxess during the fourth quarter worth about $71,103,000. FMR LLC raised its stake in MarketAxess by 17.5% during the third quarter. FMR LLC now owns 1,959,043 shares of the financial services provider's stock valued at $501,907,000 after buying an additional 291,134 shares in the last quarter. Van ECK Associates Corp lifted its holdings in 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 buying an additional 236,497 shares during the last quarter. Castle Hook Partners LP bought a new position in MarketAxess during the 3rd quarter worth approximately $42,967,000. Finally, Geode Capital Management LLC grew its position in shares of MarketAxess by 14.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,076,877 shares of the financial services provider's stock worth $275,122,000 after acquiring an additional 139,949 shares in the last quarter. 99.01% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the company. Piper Sandler reduced their price objective on MarketAxess from $265.00 to $240.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised their price target 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. Keefe, Bruyette & Woods decreased their price target on shares of MarketAxess from $251.00 to $225.00 and set a "market perform" rating for the company in a report on Friday, February 7th. The Goldman Sachs Group dropped their price objective on shares of MarketAxess from $235.00 to $210.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. Finally, Barclays decreased their target price on MarketAxess from $256.00 to $225.00 and set an "equal weight" rating for the company in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $254.78.
Get Our Latest Report on MarketAxess
MarketAxess Stock Up 2.2 %
NASDAQ MKTX traded up $4.15 on Friday, hitting $193.96. The stock had a trading volume of 799,402 shares, compared to its average volume of 551,009. The company's 50-day moving average is $216.37 and its two-hundred day moving average is $244.73. MarketAxess Holdings Inc. has a one year low of $186.84 and a one year high of $296.68. The stock has a market cap of $7.31 billion, a price-to-earnings ratio of 26.68, a P/E/G ratio of 3.91 and a beta of 1.02.
MarketAxess (NASDAQ:MKTX - Get Free Report) last issued its quarterly earnings data 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 return on equity of 20.23% and a net margin of 33.56%. On average, sell-side analysts anticipate that MarketAxess Holdings Inc. will post 7.82 earnings per share for the current year.
MarketAxess Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.57%. This is a positive change from MarketAxess's previous quarterly dividend of $0.74. The ex-dividend date is Wednesday, February 19th. MarketAxess's dividend payout ratio (DPR) is 41.82%.
Insider Activity at MarketAxess
In other news, General Counsel Scott Pintoff sold 300 shares of the 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 completion of the transaction, the general counsel now directly owns 8,302 shares in the company, valued at $1,997,212.14. This trade represents a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.66% of the company's stock.
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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