American Century Companies Inc. boosted its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 6.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,221 shares of the financial services provider's stock after acquiring an additional 1,261 shares during the quarter. American Century Companies Inc. owned about 0.05% of MarketAxess worth $4,571,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. V Square Quantitative Management LLC grew its holdings in MarketAxess by 4.0% during the 4th quarter. V Square Quantitative Management LLC now owns 1,340 shares of the financial services provider's stock valued at $303,000 after purchasing an additional 52 shares in the last quarter. M&T Bank Corp boosted its position in MarketAxess by 4.0% in the 3rd quarter. M&T Bank Corp now owns 1,469 shares of the financial services provider's stock valued at $376,000 after buying an additional 56 shares during the last quarter. Versor Investments LP grew its stake in shares of MarketAxess by 6.3% during the fourth quarter. Versor Investments LP now owns 1,102 shares of the financial services provider's stock valued at $249,000 after acquiring an additional 65 shares in the last quarter. Global X Japan Co. Ltd. increased its position in shares of MarketAxess by 179.5% during the fourth quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock worth $25,000 after acquiring an additional 70 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of MarketAxess by 2.6% in the fourth quarter. Fifth Third Bancorp now owns 2,979 shares of the financial services provider's stock worth $673,000 after acquiring an additional 75 shares in the last quarter. Institutional investors and hedge funds own 99.01% of the company's stock.
MarketAxess Stock Performance
NASDAQ MKTX traded up $7.13 on Thursday, reaching $210.32. The company's stock had a trading volume of 790,310 shares, compared to its average volume of 481,684. The firm's 50 day moving average is $204.90 and its two-hundred day moving average is $235.51. The stock has a market cap of $7.93 billion, a PE ratio of 28.93, a PEG ratio of 3.89 and a beta of 1.12. MarketAxess Holdings Inc. has a twelve month low of $186.84 and a twelve month high of $296.68.
MarketAxess (NASDAQ:MKTX - Get Free Report) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.73 EPS for the quarter, beating the consensus estimate 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 anticipate that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.
MarketAxess Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 19th were issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.45%. This is a boost from MarketAxess's previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Wednesday, February 19th. MarketAxess's payout ratio is presently 41.82%.
Analysts Set New Price Targets
A number of research firms have recently weighed in on MKTX. 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 research report on Friday, February 7th. Morgan Stanley upgraded MarketAxess from an "equal weight" rating to an "overweight" rating in a research report on Tuesday. Bank of America raised their target price on MarketAxess from $189.00 to $191.00 and gave the company an "underperform" rating in a research note on Wednesday, April 2nd. UBS Group lowered their price target on shares of MarketAxess from $305.00 to $295.00 and set a "buy" rating for the company in a research report on Monday. Finally, William Blair began coverage on shares of MarketAxess in a research note on Friday, April 4th. They issued an "outperform" rating on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, MarketAxess currently has an average rating of "Hold" and a consensus price target of $252.11.
View Our Latest Report on MarketAxess
MarketAxess 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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