Globeflex Capital L P bought a new position in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,286 shares of the financial services provider's stock, valued at approximately $743,000.
A number of other large investors have also recently added to or reduced their stakes in the company. Accent Capital Management LLC acquired a new position in shares of MarketAxess during the third quarter worth about $25,000. Global X Japan Co. Ltd. boosted 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 grew its stake 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 worth $28,000 after acquiring an additional 104 shares in the last quarter. SRS Capital Advisors Inc. raised its holdings in shares of MarketAxess by 13,900.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 139 shares during the last quarter. Finally, Park Place Capital Corp bought a new stake in shares of MarketAxess in the fourth quarter worth $44,000. Institutional investors own 99.01% of the company's stock.
Analysts Set New Price Targets
MKTX has been the topic of several recent research reports. UBS Group lowered their price target on shares of MarketAxess from $330.00 to $305.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. Piper Sandler lowered their target price on MarketAxess from $265.00 to $240.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Barclays reduced their price target 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. Keefe, Bruyette & Woods lowered their price target on MarketAxess from $251.00 to $225.00 and set a "market perform" rating on the stock in a research report on Friday, February 7th. Finally, The Goldman Sachs Group cut their price objective on 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, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, MarketAxess presently has a consensus rating of "Hold" and a consensus target price of $254.78.
View Our Latest Analysis on MarketAxess
MarketAxess Stock Performance
MKTX traded down $0.61 during trading hours on Wednesday, reaching $216.75. The company's stock had a trading volume of 392,174 shares, compared to its average volume of 438,306. The company's 50-day moving average is $207.99 and its 200-day moving average is $240.95. MarketAxess Holdings Inc. has a 52 week low of $186.84 and a 52 week high of $296.68. The firm has a market cap of $8.17 billion, a PE ratio of 29.81, a price-to-earnings-growth ratio of 3.89 and a beta of 1.05.
MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.70 by $0.03. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. Equities analysts anticipate 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 given a $0.76 dividend. This is an increase from MarketAxess's previous quarterly dividend of $0.74. The ex-dividend date was Wednesday, February 19th. This represents a $3.04 annualized dividend and a dividend yield of 1.40%. MarketAxess's dividend payout ratio is presently 41.82%.
MarketAxess Profile
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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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