Andra AP fonden Makes New Investment in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Andra AP fonden acquired a new stake in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 26,200 shares of the financial services provider's stock, valued at approximately $5,922,000. Andra AP fonden owned approximately 0.07% of MarketAxess at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MKTX. First Hawaiian Bank acquired a new position in MarketAxess during the fourth quarter valued at approximately $1,088,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of MarketAxess during the 3rd quarter valued at $1,966,000. Mediolanum International Funds Ltd acquired a new position in shares of MarketAxess during the 4th quarter valued at $982,000. Los Angeles Capital Management LLC purchased a new stake in MarketAxess during the 4th quarter worth $12,200,000. Finally, Principal Financial Group Inc. increased its holdings in MarketAxess by 22.9% in the 3rd quarter. Principal Financial Group Inc. now owns 55,679 shares of the financial services provider's stock valued at $14,265,000 after purchasing an additional 10,361 shares in the last quarter. Hedge funds and other institutional investors own 99.01% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on MKTX. Piper Sandler decreased their target price on MarketAxess from $265.00 to $240.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. Barclays decreased their price target on MarketAxess from $256.00 to $225.00 and set an "equal weight" rating for the company in a report on Friday, February 7th. UBS Group dropped their price objective 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. Deutsche Bank Aktiengesellschaft upped their target price on shares of MarketAxess from $258.00 to $264.00 and gave the company a "hold" rating in a research note on Monday, November 11th. Finally, Keefe, Bruyette & Woods lowered 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, MarketAxess currently has an average rating of "Hold" and an average target price of $254.78.

Remove Ads

Insider Buying and Selling

In other MarketAxess news, General Counsel Scott Pintoff sold 300 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $240.57, for a total transaction of $72,171.00. Following the sale, the general counsel now directly owns 8,302 shares of the company's stock, valued at approximately $1,997,212.14. This represents a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.66% of the stock is currently owned by company insiders.

MarketAxess Price Performance

NASDAQ MKTX opened at $208.94 on Friday. The company's fifty day moving average price is $209.63 and its two-hundred day moving average price is $242.08. The company has a market capitalization of $7.88 billion, a price-to-earnings ratio of 28.74, a price-to-earnings-growth ratio of 3.89 and a beta of 1.05. MarketAxess Holdings Inc. has a 12 month low of $186.84 and a 12 month high of $296.68.

MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.03. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. As a group, analysts anticipate that MarketAxess Holdings Inc. will post 7.79 EPS for the current year.

MarketAxess Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 19th were given a dividend of $0.76 per share. 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 1.45%. The ex-dividend date was Wednesday, February 19th. MarketAxess's dividend payout ratio is currently 41.82%.

MarketAxess Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.