Cerity Partners LLC raised its position in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 29.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,948 shares of the financial services provider's stock after purchasing an additional 1,792 shares during the quarter. Cerity Partners LLC's holdings in MarketAxess were worth $1,946,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in MKTX. Norges Bank bought a new position in MarketAxess in the 4th quarter valued at approximately $119,095,000. FMR LLC grew its stake in shares of MarketAxess by 17.4% in 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 during the last quarter. Congress Asset Management Co. acquired a new stake in MarketAxess in the fourth quarter valued at $71,103,000. Van ECK Associates Corp raised its position in MarketAxess by 13.4% during the 4th quarter. Van ECK Associates Corp now owns 2,000,736 shares of the financial services provider's stock worth $452,246,000 after purchasing an additional 236,497 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in MarketAxess during the 4th quarter worth about $46,079,000. 99.01% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
MKTX has been the subject of a number of analyst reports. 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 report on Friday, February 7th. Piper Sandler lowered their price target on shares of MarketAxess from $220.00 to $213.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. UBS Group reduced their price objective on shares of MarketAxess from $305.00 to $295.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Morgan Stanley upgraded shares of MarketAxess from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, April 8th. Finally, Bank of America boosted their target price on shares of MarketAxess from $189.00 to $191.00 and gave the company an "underperform" rating in a report on Wednesday, April 2nd. 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.com, MarketAxess has an average rating of "Hold" and a consensus price target of $252.11.
View Our Latest Research Report on MarketAxess
MarketAxess Stock Up 0.1 %
MKTX traded up $0.24 during midday trading on Tuesday, hitting $222.41. The company had a trading volume of 466,742 shares, compared to its average volume of 487,608. The stock's 50 day moving average price is $208.74 and its 200 day moving average price is $233.48. MarketAxess Holdings Inc. has a 52 week low of $186.84 and a 52 week high of $296.68. The company has a market capitalization of $8.38 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 3.89 and a beta of 1.12.
MarketAxess (NASDAQ:MKTX - Get Free Report) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.73 EPS 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%. Research analysts predict that MarketAxess Holdings Inc. 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. Stockholders of record on Wednesday, February 19th were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.37%. 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. MarketAxess's dividend payout ratio is presently 41.82%.
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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