Barclays PLC reduced its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 8.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 128,751 shares of the financial services provider's stock after selling 12,009 shares during the quarter. Barclays PLC owned 0.34% of MarketAxess worth $29,101,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in MKTX. Vanguard Group Inc. lifted its position in MarketAxess by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 4,434,946 shares of the financial services provider's stock worth $1,002,475,000 after acquiring an additional 90,805 shares in the last quarter. FMR LLC lifted its position in shares of MarketAxess by 17.4% during the fourth quarter. FMR LLC now owns 2,300,536 shares of the financial services provider's stock worth $520,013,000 after purchasing an additional 341,493 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of MarketAxess by 13.4% in the fourth quarter. Van ECK Associates Corp now owns 2,000,736 shares of the financial services provider's stock valued at $452,246,000 after purchasing an additional 236,497 shares during the period. Primecap Management Co. CA grew its holdings in MarketAxess by 2.3% during the 4th quarter. Primecap Management Co. CA now owns 1,369,102 shares of the financial services provider's stock valued at $309,472,000 after purchasing an additional 30,180 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in MarketAxess by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 1,113,308 shares of the financial services provider's stock valued at $251,106,000 after purchasing an additional 36,431 shares in the last quarter. Institutional investors and hedge funds own 99.01% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently weighed in on MKTX. Barclays raised their target price on MarketAxess from $225.00 to $232.00 and gave the company an "equal weight" rating in a research note on Monday, April 7th. Keefe, Bruyette & Woods lowered their price objective on MarketAxess from $251.00 to $225.00 and set a "market perform" rating for the company in a research note on Friday, February 7th. William Blair started coverage on MarketAxess in a research report on Friday, April 4th. They issued an "outperform" rating on the stock. The Goldman Sachs Group reduced their target price on MarketAxess from $235.00 to $210.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. Finally, UBS Group dropped their price target on shares of MarketAxess from $305.00 to $295.00 and set a "buy" rating for the company in a research note on Monday, April 7th. One research 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, the stock presently has a consensus rating of "Hold" and an average target price of $252.11.
Check Out Our Latest Stock Analysis on MarketAxess
MarketAxess Trading Down 2.1 %
MarketAxess stock traded down $4.75 during mid-day trading on Wednesday, reaching $217.67. The company's stock had a trading volume of 444,884 shares, compared to its average volume of 682,079. MarketAxess Holdings Inc. has a twelve month low of $186.84 and a twelve month high of $296.68. The business has a 50 day moving average price of $208.74 and a 200-day moving average price of $233.48. The firm has a market cap of $8.20 billion, a price-to-earnings ratio of 29.95, a PEG ratio of 3.89 and a beta of 1.12.
MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its quarterly 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%. On average, equities analysts expect that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.
MarketAxess Increases Dividend
The business also recently disclosed 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. The ex-dividend date was Wednesday, February 19th. This represents a $3.04 dividend on an annualized basis and a yield of 1.40%. This is a positive change from MarketAxess's previous quarterly dividend of $0.74. MarketAxess's payout ratio is currently 41.82%.
MarketAxess Company 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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