MarketAxess (NASDAQ:MKTX - Free Report) had its target price upped by Barclays from $225.00 to $232.00 in a report released on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the financial services provider's stock.
A number of other equities analysts also recently commented on the company. The Goldman Sachs Group reduced their price objective on MarketAxess from $235.00 to $210.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Keefe, Bruyette & Woods reduced their price target on MarketAxess from $251.00 to $225.00 and set a "market perform" rating on the stock in a report on Friday, February 7th. Bank of America upped their price objective on shares of MarketAxess from $189.00 to $191.00 and gave the company an "underperform" rating in a report on Wednesday, April 2nd. Piper Sandler reduced their target price on shares of MarketAxess from $265.00 to $240.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Finally, UBS Group dropped their price target on shares of MarketAxess from $330.00 to $305.00 and set a "buy" rating for the company in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $252.11.
Check Out Our Latest Analysis on MKTX
MarketAxess Stock Up 5.5 %
Shares of MarketAxess stock traded up $11.49 during trading hours on Monday, reaching $221.81. 1,218,949 shares of the company's stock were exchanged, compared to its average volume of 485,332. The business has a fifty day moving average of $204.99 and a two-hundred day moving average of $235.29. The company has a market capitalization of $8.36 billion, a P/E ratio of 30.51, a price-to-earnings-growth ratio of 3.89 and a beta of 1.12. MarketAxess has a 1 year low of $186.84 and a 1 year 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 (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%. As a group, research analysts predict that MarketAxess will post 7.79 EPS for the current year.
MarketAxess Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 19th were given a $0.76 dividend. This is a positive change from MarketAxess's previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $3.04 dividend on an annualized basis and a yield of 1.37%. MarketAxess's payout ratio is presently 41.82%.
Institutional Trading of MarketAxess
A number of large investors have recently modified their holdings of MKTX. Vanguard Group Inc. grew its stake 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 purchasing an additional 90,805 shares in the last quarter. FMR LLC grew 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 buying an additional 341,493 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of MarketAxess by 11.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,298,409 shares of the financial services provider's stock worth $519,533,000 after buying an additional 236,118 shares during the period. Van ECK Associates Corp raised its holdings in 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 acquiring an additional 236,497 shares in the last quarter. Finally, Primecap Management Co. CA lifted its stake in MarketAxess by 2.3% in the fourth quarter. Primecap Management Co. CA now owns 1,369,102 shares of the financial services provider's stock worth $309,472,000 after acquiring an additional 30,180 shares during the last quarter. Hedge funds and other institutional investors own 99.01% of the company's stock.
About MarketAxess
(
Get 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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