AlphaQuest LLC raised its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 130.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,512 shares of the financial services provider's stock after purchasing an additional 1,986 shares during the period. AlphaQuest LLC's holdings in MarketAxess were worth $794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Accent Capital Management LLC bought a new stake in shares of MarketAxess during the third quarter worth $25,000. Global X Japan Co. Ltd. increased its holdings in 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 purchasing an additional 70 shares during the period. Smartleaf Asset Management LLC raised its position in MarketAxess by 495.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 104 shares in the last quarter. SRS Capital Advisors Inc. grew its position in shares of MarketAxess by 13,900.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock worth $32,000 after buying an additional 139 shares in the last quarter. Finally, Park Place Capital Corp purchased a new position in shares of MarketAxess during the fourth quarter valued at $44,000. Institutional investors own 99.01% of the company's stock.
MarketAxess Price Performance
Shares of MKTX stock traded down $3.02 during mid-day trading on Wednesday, hitting $206.95. The stock had a trading volume of 210,770 shares, compared to its average volume of 700,003. MarketAxess Holdings Inc. has a fifty-two week low of $186.84 and a fifty-two week high of $296.68. The company's 50-day simple moving average is $209.06 and its 200-day simple moving average is $241.88. The firm has a market cap of $7.80 billion, a PE ratio of 28.45, a PEG ratio of 3.89 and a beta of 1.05.
MarketAxess (NASDAQ:MKTX - Get Free Report) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share (EPS) 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%. On average, analysts expect that MarketAxess Holdings Inc. will post 7.79 EPS for the current year.
MarketAxess Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th were paid a $0.76 dividend. This is a positive change from MarketAxess's previous quarterly dividend of $0.74. This represents a $3.04 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Wednesday, February 19th. MarketAxess's payout ratio is currently 41.82%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on MKTX shares. 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. Barclays cut their target price on MarketAxess from $256.00 to $225.00 and set an "equal weight" rating on the stock in a research report on Friday, February 7th. Piper Sandler decreased their target price on shares of MarketAxess from $265.00 to $240.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. The Goldman Sachs Group dropped their price target on shares of MarketAxess from $235.00 to $210.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Finally, UBS Group dropped 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $254.78.
Read Our Latest Stock Analysis 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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