Congress Wealth Management LLC DE Buys Shares of 29,965 MarketAxess Holdings Inc. (NASDAQ:MKTX)

Congress Wealth Management LLC DE acquired a new position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 29,965 shares of the financial services provider's stock, valued at approximately $6,774,000. Congress Wealth Management LLC DE owned about 0.08% of MarketAxess as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MKTX. Global X Japan Co. Ltd. grew its position in MarketAxess by 179.5% during the fourth quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 70 shares during the period. Smartleaf Asset Management LLC lifted its position in MarketAxess by 495.2% during the fourth 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 in the last quarter. SRS Capital Advisors Inc. increased its position in shares of MarketAxess by 13,900.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock worth $32,000 after acquiring an additional 139 shares in the last quarter. Park Place Capital Corp purchased a new position in shares of MarketAxess in the 4th quarter valued at $44,000. Finally, R Squared Ltd acquired a new position in shares of MarketAxess during the 4th quarter valued at $47,000. Hedge funds and other institutional investors own 99.01% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Barclays decreased their target price on MarketAxess from $256.00 to $225.00 and set an "equal weight" rating for the company in a research report on Friday, February 7th. The Goldman Sachs Group lowered their price target on shares of MarketAxess from $235.00 to $210.00 and set a "neutral" rating for the company in a report on Monday, February 10th. UBS Group cut their price objective on shares of MarketAxess from $330.00 to $305.00 and set a "buy" rating on the stock in a report on Friday, February 7th. Keefe, Bruyette & Woods cut 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. Finally, Piper Sandler cut their target price on MarketAxess from $265.00 to $240.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, MarketAxess currently has an average rating of "Hold" and an average target price of $254.78.

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MarketAxess Price Performance

Shares of MKTX stock traded down $2.26 on Friday, hitting $216.75. 365,011 shares of the stock traded hands, compared to its average volume of 460,718. The company has a market capitalization of $8.17 billion, a PE ratio of 29.81, a PEG ratio of 3.89 and a beta of 1.05. The company's fifty day moving average is $207.57 and its 200 day moving average is $238.95. MarketAxess Holdings Inc. has a 1-year low of $186.84 and a 1-year high of $296.68.

MarketAxess (NASDAQ:MKTX - Get Free Report) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share for the quarter, topping 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, equities research analysts expect that MarketAxess Holdings Inc. will post 7.79 EPS for the current year.

MarketAxess Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th were issued a dividend of $0.76 per share. The ex-dividend date was Wednesday, February 19th. This is a positive change from MarketAxess's previous quarterly dividend of $0.74. This represents a $3.04 annualized dividend and a dividend yield of 1.40%. MarketAxess's dividend payout ratio is 41.82%.

MarketAxess Profile

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.