ExodusPoint Capital Management LP acquired a new position in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,126 shares of the financial services provider's stock, valued at approximately $481,000.
Other large investors 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 4th 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. Allianz SE bought a new position in shares of MarketAxess in the fourth quarter worth about $27,000. Smartleaf Asset Management LLC lifted its position in shares of MarketAxess by 495.2% during 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 in the last quarter. SRS Capital Advisors Inc. grew its stake in shares of MarketAxess by 13,900.0% during 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. Finally, Huntington National Bank raised its stake in MarketAxess by 185.7% during the 4th quarter. Huntington National Bank now owns 160 shares of the financial services provider's stock worth $36,000 after acquiring an additional 104 shares during the period. 99.01% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of analysts have recently issued reports on MKTX shares. Barclays increased their price objective on shares of MarketAxess from $225.00 to $232.00 and gave the stock an "equal weight" rating in a research note on Monday, April 7th. Piper Sandler decreased their price target on MarketAxess from $220.00 to $213.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. William Blair began coverage on MarketAxess in a research report on Friday, April 4th. They set an "outperform" rating for the company. UBS Group lowered their price target on MarketAxess from $305.00 to $295.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Finally, The Goldman Sachs Group cut their price objective 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $252.11.
Read Our Latest Stock Analysis on MKTX
MarketAxess Price Performance
Shares of NASDAQ MKTX traded down $1.25 during mid-day trading on Wednesday, hitting $222.73. 460,176 shares of the company's stock traded hands, compared to its average volume of 486,296. The company has a market capitalization of $8.40 billion, a P/E ratio of 30.64, a PEG ratio of 3.89 and a beta of 1.12. MarketAxess Holdings Inc. has a 1 year low of $186.84 and a 1 year high of $296.68. The company's 50-day moving average is $206.36 and its two-hundred day moving average is $234.77.
MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its earnings results on Thursday, February 6th. The financial services provider reported $1.73 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.03. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. Equities analysts anticipate 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. Investors of record on Wednesday, February 19th were paid a dividend of $0.76 per share. The ex-dividend date was Wednesday, February 19th. This is a boost from MarketAxess's previous quarterly dividend of $0.74. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.36%. MarketAxess's payout ratio is currently 41.82%.
MarketAxess Company Profile
(
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.
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