Connor Clark & Lunn Investment Management Ltd. Increases Holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 421.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,612 shares of the financial services provider's stock after acquiring an additional 18,274 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.06% of MarketAxess worth $5,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of MKTX. Accent Capital Management LLC bought a new position in shares of MarketAxess in the third quarter worth approximately $25,000. Global X Japan Co. Ltd. grew its holdings in MarketAxess by 179.5% in the 4th quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock worth $25,000 after acquiring an additional 70 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of MarketAxess by 495.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 104 shares during the period. SRS Capital Advisors Inc. boosted its holdings in shares of MarketAxess by 13,900.0% during the fourth 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 MarketAxess during the 4th quarter valued at about $44,000. 99.01% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MKTX shares. Barclays cut their price objective on MarketAxess from $256.00 to $225.00 and set an "equal weight" rating on the stock in a research report on Friday, February 7th. Keefe, Bruyette & Woods cut their price target on shares of 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 dropped their target price 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. The Goldman Sachs Group reduced their price target on shares of MarketAxess from $235.00 to $210.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Finally, Piper Sandler cut their price objective 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 analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $254.78.

MarketAxess Stock Up 0.5 %

NASDAQ:MKTX traded up $1.07 on Thursday, hitting $217.82. The stock had a trading volume of 327,063 shares, compared to its average volume of 438,486. MarketAxess Holdings Inc. has a 52-week low of $186.84 and a 52-week high of $296.68. The stock has a market cap of $8.21 billion, a price-to-earnings ratio of 29.96, a price-to-earnings-growth ratio of 3.89 and a beta of 1.05. The business's 50-day simple moving average is $207.93 and its two-hundred day simple moving average is $240.78.

MarketAxess (NASDAQ:MKTX - Get Free Report) last released its quarterly earnings results 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 return on equity of 20.23% and a net margin of 33.56%. As a group, equities research 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 paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Wednesday, February 19th. This is a positive change from MarketAxess's previous quarterly dividend of $0.74. MarketAxess's dividend payout ratio is presently 41.82%.

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.