Charles Schwab Investment Management Inc. grew its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 363,224 shares of the financial services provider's stock after purchasing an additional 5,153 shares during the period. Charles Schwab Investment Management Inc. owned about 0.96% of MarketAxess worth $82,103,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC grew its holdings in MarketAxess by 4.0% during the 4th quarter. V Square Quantitative Management LLC now owns 1,340 shares of the financial services provider's stock worth $303,000 after acquiring an additional 52 shares in the last quarter. M&T Bank Corp lifted its position in shares of MarketAxess by 4.0% during the 3rd quarter. M&T Bank Corp now owns 1,469 shares of the financial services provider's stock worth $376,000 after purchasing an additional 56 shares during the last quarter. Versor Investments LP grew its stake in shares of MarketAxess by 6.3% during the fourth quarter. Versor Investments LP now owns 1,102 shares of the financial services provider's stock worth $249,000 after purchasing an additional 65 shares in the last quarter. Global X Japan Co. Ltd. increased its holdings in MarketAxess by 179.5% in the fourth 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 during the last quarter. Finally, Fifth Third Bancorp raised its stake in MarketAxess by 2.6% in the fourth quarter. Fifth Third Bancorp now owns 2,979 shares of the financial services provider's stock valued at $673,000 after buying an additional 75 shares in the last quarter. Institutional investors and hedge funds own 99.01% of the company's stock.
MarketAxess Price Performance
Shares of MKTX stock traded down $2.83 during midday trading on Wednesday, hitting $207.13. The company had a trading volume of 198,447 shares, compared to its average volume of 699,665. The stock has a market cap of $7.81 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 3.89 and a beta of 1.05. The company's 50 day simple moving average is $209.06 and its 200 day simple moving average is $241.88. MarketAxess Holdings Inc. has a 52-week low of $186.84 and a 52-week 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%. Analysts anticipate that MarketAxess Holdings Inc. will post 7.79 EPS for the current year.
MarketAxess Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 19th were issued a $0.76 dividend. The ex-dividend date was Wednesday, February 19th. This is an increase from MarketAxess's previous quarterly dividend of $0.74. This represents a $3.04 annualized dividend and a yield of 1.47%. MarketAxess's payout ratio is 41.82%.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on MKTX shares. Keefe, Bruyette & Woods dropped their price objective on MarketAxess from $251.00 to $225.00 and set a "market perform" rating on the stock in a report on Friday, February 7th. UBS Group reduced their price objective on shares of MarketAxess from $330.00 to $305.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Barclays dropped their target price on shares of MarketAxess from $256.00 to $225.00 and set an "equal weight" rating on the stock in a research report on Friday, February 7th. The Goldman Sachs Group reduced their price target on shares of MarketAxess from $235.00 to $210.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. Finally, Piper Sandler dropped their price objective on MarketAxess from $265.00 to $240.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $254.78.
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.
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