Bryce Point Capital LLC purchased a new position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,919 shares of the financial services provider's stock, valued at approximately $434,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Hawaiian Bank acquired a new stake in shares of MarketAxess in the fourth quarter valued at about $1,088,000. Keybank National Association OH raised its stake in MarketAxess by 18.2% in the fourth quarter. Keybank National Association OH now owns 8,149 shares of the financial services provider's stock valued at $1,842,000 after buying an additional 1,256 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of MarketAxess by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 363,224 shares of the financial services provider's stock worth $82,103,000 after acquiring an additional 5,153 shares during the last quarter. Norden Group LLC bought a new stake in MarketAxess in the 4th quarter valued at $539,000. Finally, Taika Capital LP acquired a new stake in MarketAxess during the 4th quarter valued at $2,689,000. 99.01% of the stock is currently owned by institutional investors and hedge funds.
MarketAxess Stock Performance
Shares of MKTX stock traded up $2.19 on Thursday, hitting $205.38. 242,021 shares of the company's stock traded hands, compared to its average volume of 479,120. MarketAxess Holdings Inc. has a one year low of $186.84 and a one year high of $296.68. The company's fifty day simple moving average is $205.06 and its 200 day simple moving average is $235.86. The stock has a market capitalization of $7.74 billion, a price-to-earnings ratio of 28.17, a P/E/G ratio of 3.89 and a beta of 1.12.
MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, topping 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, sell-side analysts anticipate that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.
MarketAxess Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 19th were paid a dividend of $0.76 per share. The ex-dividend date was Wednesday, February 19th. This represents a $3.04 annualized dividend and a yield of 1.48%. This is a boost from MarketAxess's previous quarterly dividend of $0.74. MarketAxess's dividend payout ratio is currently 41.82%.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the stock. The Goldman Sachs Group cut their target price on shares of MarketAxess from $235.00 to $210.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. Keefe, Bruyette & Woods dropped their price objective on 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 note on Tuesday. Piper Sandler decreased 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. Finally, UBS Group reduced their target price on MarketAxess from $305.00 to $295.00 and set a "buy" rating on the stock in a report on Monday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, MarketAxess presently has an average rating of "Hold" and an average price target of $252.11.
Check Out Our Latest Report on MKTX
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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