Cibc World Markets Corp Sells 1,361 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Cibc World Markets Corp lowered its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 18.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,939 shares of the financial services provider's stock after selling 1,361 shares during the period. Cibc World Markets Corp's holdings in MarketAxess were worth $1,342,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global X Japan Co. Ltd. raised 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 worth $25,000 after purchasing an additional 70 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of MarketAxess by 495.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock valued at $28,000 after buying an additional 104 shares during the last quarter. SRS Capital Advisors Inc. grew its position in shares of MarketAxess by 13,900.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 139 shares during the period. Park Place Capital Corp acquired a new position in MarketAxess during the fourth quarter worth approximately $44,000. Finally, R Squared Ltd acquired a new position in shares of MarketAxess during the 4th quarter worth approximately $47,000. 99.01% of the stock is owned by institutional investors.

MarketAxess Price Performance

Shares of NASDAQ MKTX traded up $1.46 during mid-day trading on Wednesday, reaching $214.88. 385,727 shares of the company's stock were exchanged, compared to its average volume of 441,693. The firm has a market capitalization of $8.10 billion, a price-to-earnings ratio of 29.56, a price-to-earnings-growth ratio of 3.89 and a beta of 1.05. The firm has a 50-day moving average price of $207.76 and a two-hundred day moving average price of $239.79. MarketAxess Holdings Inc. has a 52 week low of $186.84 and a 52 week high of $296.68.

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MarketAxess (NASDAQ:MKTX - Get Free Report) last released 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 net margin of 33.56% and a return on equity of 20.23%. As a group, sell-side analysts forecast that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.

MarketAxess Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th were paid a dividend of $0.76 per share. This is an increase 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 annualized dividend and a dividend yield of 1.41%. MarketAxess's dividend payout ratio is presently 41.82%.

Analysts Set New Price Targets

Several research firms have recently commented on MKTX. Keefe, Bruyette & Woods decreased their target price on MarketAxess from $251.00 to $225.00 and set a "market perform" rating on the stock 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 for the company in a research report on Friday, February 7th. UBS Group dropped their price objective on MarketAxess from $330.00 to $305.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Piper Sandler cut their target price on shares of MarketAxess from $265.00 to $240.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Finally, 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 report on Monday, February 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $254.78.

About MarketAxess

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.