Generali Asset Management SPA SGR purchased a new stake in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 11,756 shares of the financial services provider's stock, valued at approximately $2,657,000.
Other large investors have also recently modified their holdings of the company. Global X Japan Co. Ltd. raised its stake in MarketAxess by 179.5% in the fourth quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 70 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of MarketAxess by 495.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock worth $28,000 after buying an additional 104 shares during the last quarter. SRS Capital Advisors Inc. raised its position 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 buying an additional 139 shares in the last quarter. Park Place Capital Corp bought a new stake in shares of MarketAxess during the 4th quarter worth $44,000. Finally, R Squared Ltd purchased a new position in MarketAxess in the fourth quarter worth $47,000. Institutional investors own 99.01% of the company's stock.
MarketAxess Price Performance
NASDAQ:MKTX traded down $5.09 during mid-day trading on Monday, reaching $211.78. 502,814 shares of the company's stock traded hands, compared to its average volume of 441,587. MarketAxess Holdings Inc. has a 12-month low of $186.84 and a 12-month high of $296.68. The company has a 50 day moving average price of $207.93 and a 200-day moving average price of $240.43. The firm has a market capitalization of $7.98 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 3.89 and a beta of 1.05.
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, beating 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%. As a group, analysts forecast 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 paid a dividend of $0.76 per share. This is a positive change from MarketAxess's previous quarterly dividend of $0.74. The ex-dividend date was Wednesday, February 19th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.44%. MarketAxess's payout ratio is presently 41.82%.
Wall Street Analyst Weigh In
MKTX has been the subject of several research analyst reports. Piper Sandler dropped their price target on MarketAxess from $265.00 to $240.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods dropped their target price on MarketAxess from $251.00 to $225.00 and set a "market perform" rating for the company in a research report on Friday, February 7th. Barclays reduced their price target on shares of MarketAxess from $256.00 to $225.00 and set an "equal weight" rating on the stock in a research report on Friday, February 7th. UBS Group lowered their price objective on shares of MarketAxess from $330.00 to $305.00 and set a "buy" rating for the company in a report on Friday, February 7th. Finally, The Goldman Sachs Group reduced their target price on shares of MarketAxess from $235.00 to $210.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $254.78.
Get Our Latest Stock Analysis on MarketAxess
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.
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