California Public Employees Retirement System lifted its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 15.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,605 shares of the financial services provider's stock after buying an additional 8,164 shares during the period. California Public Employees Retirement System owned about 0.17% of MarketAxess worth $14,151,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Global X Japan Co. Ltd. raised its holdings in shares of 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 buying an additional 70 shares in the last quarter. Allianz SE purchased a new position in MarketAxess in the 4th quarter worth approximately $27,000. Smartleaf Asset Management LLC increased its stake in MarketAxess by 495.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock worth $28,000 after purchasing an additional 104 shares during the period. SRS Capital Advisors Inc. increased its stake in MarketAxess by 13,900.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock worth $32,000 after purchasing an additional 139 shares during the period. Finally, Park Place Capital Corp purchased a new position in shares of MarketAxess during the fourth quarter valued at approximately $44,000. 99.01% of the stock is owned by hedge funds and other institutional investors.
MarketAxess Stock Performance
Shares of NASDAQ:MKTX traded up $2.35 during midday trading on Thursday, reaching $205.54. 120,401 shares of the company's stock traded hands, compared to its average volume of 478,699. MarketAxess Holdings Inc. has a one year low of $186.84 and a one year high of $296.68. The stock has a 50 day moving average of $205.06 and a 200 day moving average of $235.86. The company has a market cap of $7.75 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 for the quarter, beating analysts' consensus estimates of $1.70 by $0.03. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. Sell-side analysts predict that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.
MarketAxess Increases Dividend
The business also recently declared 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 boost 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 1.48%. MarketAxess's dividend payout ratio is presently 41.82%.
Analysts Set New Price Targets
Several research firms have recently issued reports on MKTX. Barclays boosted 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. The Goldman Sachs Group reduced their price target on MarketAxess from $235.00 to $210.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. Piper Sandler reduced their price target on MarketAxess from $220.00 to $213.00 and set a "neutral" rating on the stock in a research note on Tuesday. UBS Group reduced their price target on MarketAxess from $305.00 to $295.00 and set a "buy" rating on the stock in a research note on Monday. Finally, 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 research note on Friday, February 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 stock. Based on data from MarketBeat, MarketAxess currently has a consensus rating of "Hold" and a consensus target price of $252.11.
Get Our Latest Research Report on MKTX
MarketAxess 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.
Further Reading
Before you consider MarketAxess, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MarketAxess wasn't on the list.
While MarketAxess currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
