EntryPoint Capital LLC bought a new stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 1,236 shares of the financial services provider's stock, valued at approximately $279,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Global X Japan Co. Ltd. grew its position in MarketAxess by 179.5% during 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 raised its stake 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 worth $28,000 after acquiring an additional 104 shares during the last quarter. SRS Capital Advisors Inc. lifted its holdings in MarketAxess by 13,900.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock worth $32,000 after buying an additional 139 shares in the last quarter. Park Place Capital Corp bought a new stake in shares of MarketAxess during the fourth quarter worth $44,000. Finally, R Squared Ltd acquired a new position in shares of MarketAxess during the fourth quarter valued at $47,000. Institutional investors own 99.01% of the company's stock.
Analysts Set New Price Targets
MKTX has been the topic of a number of research reports. 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. Keefe, Bruyette & Woods dropped their target price on shares of MarketAxess from $251.00 to $225.00 and set a "market perform" rating for the company in a research report on Friday, February 7th. The Goldman Sachs Group cut their price target on MarketAxess from $235.00 to $210.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. 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. Finally, UBS Group reduced their price target on shares of MarketAxess from $330.00 to $305.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. One 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 stock. According to MarketBeat, MarketAxess currently has an average rating of "Hold" and a consensus price target of $254.78.
Check Out Our Latest Stock Analysis on MKTX
MarketAxess Trading Up 0.2 %
Shares of NASDAQ MKTX traded up $0.46 during mid-day trading on Monday, hitting $217.21. The company had a trading volume of 126,818 shares, compared to its average volume of 459,408. MarketAxess Holdings Inc. has a one year low of $186.84 and a one year high of $296.68. The company has a market capitalization of $8.19 billion, a PE ratio of 29.88, a price-to-earnings-growth ratio of 3.89 and a beta of 1.05. The firm has a 50-day simple moving average of $207.57 and a two-hundred day simple moving average of $238.95.
MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share for the quarter, topping 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%. Sell-side analysts expect that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal 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 issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.40%. This is a boost 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.
See Also
Before you consider MarketAxess, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MarketAxess wasn't on the list.
While MarketAxess currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
