Bank of Montreal Can cut its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 19.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,017 shares of the financial services provider's stock after selling 11,628 shares during the quarter. Bank of Montreal Can owned approximately 0.13% of MarketAxess worth $10,854,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC increased its holdings in MarketAxess by 4.0% in the 4th quarter. V Square Quantitative Management LLC now owns 1,340 shares of the financial services provider's stock worth $303,000 after acquiring an additional 52 shares during the last quarter. M&T Bank Corp boosted its holdings 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 worth $376,000 after buying an additional 56 shares during the period. Versor Investments LP grew its stake in MarketAxess by 6.3% in the 4th quarter. Versor Investments LP now owns 1,102 shares of the financial services provider's stock valued at $249,000 after buying an additional 65 shares in the last quarter. Global X Japan Co. Ltd. raised 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 valued at $25,000 after acquiring an additional 70 shares during the period. Finally, Fifth Third Bancorp lifted its position in shares of MarketAxess by 2.6% during 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. 99.01% of the stock is currently owned by institutional investors.
MarketAxess Stock Performance
MKTX traded up $1.56 on Tuesday, hitting $223.98. 496,973 shares of the company were exchanged, compared to its average volume of 486,400. The stock has a market capitalization of $8.44 billion, a PE ratio of 30.81, a price-to-earnings-growth ratio of 3.89 and a beta of 1.12. MarketAxess Holdings Inc. has a 12 month low of $186.84 and a 12 month high of $296.68. The firm has a fifty day simple moving average of $205.93 and a two-hundred day simple moving average of $234.85.
MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its quarterly earnings results 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 net margin of 33.56% and a return on equity of 20.23%. On average, equities analysts expect that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.
MarketAxess Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th were paid a dividend of $0.76 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This is a boost from MarketAxess's previous quarterly dividend of $0.74. This represents a $3.04 annualized dividend and a dividend yield of 1.36%. MarketAxess's payout ratio is 41.82%.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. Bank of America boosted their price objective on MarketAxess from $189.00 to $191.00 and gave the company an "underperform" rating in a research note on Wednesday, April 2nd. The Goldman Sachs Group lowered their price target on shares of MarketAxess from $235.00 to $210.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. Morgan Stanley raised shares of MarketAxess from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, April 8th. Barclays increased their target price on shares of MarketAxess from $225.00 to $232.00 and gave the stock an "equal weight" rating in a research note on Monday, April 7th. Finally, Piper Sandler reduced their price target on shares of MarketAxess from $220.00 to $213.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $252.11.
Check Out Our Latest Report on MarketAxess
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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