MarketAxess Holdings Inc. (NASDAQ:MKTX) Stock Holdings Lifted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 203,930 shares of the financial services provider's stock after purchasing an additional 9,774 shares during the period. Envestnet Asset Management Inc. owned approximately 0.54% of MarketAxess worth $46,096,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MKTX. Vanguard Group Inc. increased its holdings in shares of MarketAxess by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 4,434,946 shares of the financial services provider's stock valued at $1,002,475,000 after purchasing an additional 90,805 shares in the last quarter. Van ECK Associates Corp grew its position in MarketAxess by 13.4% during the fourth quarter. Van ECK Associates Corp now owns 2,000,736 shares of the financial services provider's stock worth $452,246,000 after buying an additional 236,497 shares during the period. Primecap Management Co. CA increased its holdings in MarketAxess by 2.3% in the fourth quarter. Primecap Management Co. CA now owns 1,369,102 shares of the financial services provider's stock valued at $309,472,000 after buying an additional 30,180 shares in the last quarter. Geode Capital Management LLC increased its holdings in MarketAxess by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 1,113,308 shares of the financial services provider's stock valued at $251,106,000 after buying an additional 36,431 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of MarketAxess by 2.6% during the 4th quarter. JPMorgan Chase & Co. now owns 630,526 shares of the financial services provider's stock valued at $142,524,000 after acquiring an additional 15,713 shares during the period. Institutional investors and hedge funds own 99.01% of the company's stock.

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Wall Street Analyst Weigh In

MKTX has been the subject of several research reports. Morgan Stanley raised MarketAxess from an "equal weight" rating to an "overweight" rating in a report on Tuesday, April 8th. Barclays boosted their price objective on shares of MarketAxess from $225.00 to $232.00 and gave the stock an "equal weight" rating in a research report on Monday, April 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 report on Friday, February 7th. Bank of America boosted their price target on MarketAxess from $189.00 to $191.00 and gave the stock an "underperform" rating in a report on Wednesday, April 2nd. Finally, William Blair began coverage on shares of MarketAxess in a research note on Friday, April 4th. They set an "outperform" rating on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $252.11.

MarketAxess Stock Performance

Shares of MKTX traded up $1.16 during trading hours on Wednesday, hitting $225.14. The stock had a trading volume of 44,398 shares, compared to its average volume of 484,681. The company's fifty day simple moving average is $205.93 and its 200 day simple moving average is $234.85. MarketAxess Holdings Inc. has a 12-month low of $186.84 and a 12-month high of $296.68. The firm has a market cap of $8.49 billion, a P/E ratio of 30.94, a P/E/G ratio of 3.89 and a beta of 1.12.

MarketAxess (NASDAQ:MKTX - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.73 earnings per share 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, sell-side analysts predict that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.

MarketAxess Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th were given a dividend of $0.76 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.35%. This is an increase from MarketAxess's previous quarterly dividend of $0.74. MarketAxess's dividend payout ratio (DPR) is presently 41.82%.

MarketAxess Company 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.