Geode Capital Management LLC raised its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,113,308 shares of the financial services provider's stock after purchasing an additional 36,431 shares during the quarter. Geode Capital Management LLC owned 2.95% of MarketAxess worth $251,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of MKTX. First Hawaiian Bank purchased a new position in shares of MarketAxess in the fourth quarter worth $1,088,000. Keybank National Association OH grew its position in shares of MarketAxess by 18.2% in the 4th quarter. Keybank National Association OH now owns 8,149 shares of the financial services provider's stock worth $1,842,000 after buying an additional 1,256 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of MarketAxess by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 363,224 shares of the financial services provider's stock valued at $82,103,000 after buying an additional 5,153 shares during the period. Norden Group LLC bought a new position in shares of MarketAxess during the fourth quarter valued at approximately $539,000. Finally, Taika Capital LP purchased a new stake in MarketAxess in the fourth quarter worth $2,689,000. Hedge funds and other institutional investors own 99.01% of the company's stock.
MarketAxess Stock Up 0.8 %
MarketAxess stock traded up $1.70 during mid-day trading on Thursday, reaching $204.89. 202,242 shares of the company's stock traded hands, compared to its average volume of 479,006. MarketAxess Holdings Inc. has a 12-month low of $186.84 and a 12-month high of $296.68. The stock has a 50 day moving average of $205.06 and a two-hundred day moving average of $235.86. The company has a market cap of $7.72 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 3.89 and a beta of 1.12.
MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.73 earnings per share (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, sell-side analysts forecast that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.
MarketAxess Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 19th were paid a $0.76 dividend. This is an increase from MarketAxess's previous quarterly dividend of $0.74. This represents a $3.04 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Wednesday, February 19th. MarketAxess's dividend payout ratio is currently 41.82%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the stock. Bank of America upped their price target on shares of MarketAxess from $189.00 to $191.00 and gave the stock an "underperform" rating in a research note on Wednesday, April 2nd. The Goldman Sachs Group dropped their price target 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. Keefe, Bruyette & Woods lowered their price objective on shares of MarketAxess from $251.00 to $225.00 and set a "market perform" rating on the stock in a research report on Friday, February 7th. Barclays lifted their target price on shares of MarketAxess from $225.00 to $232.00 and gave the stock an "equal weight" rating in a research report on Monday. Finally, UBS Group dropped their price target on MarketAxess from $305.00 to $295.00 and set a "buy" rating on the stock in a research note on Monday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $252.11.
View Our Latest Stock Analysis on MarketAxess
MarketAxess 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.
Read More
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
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
