GUARDCAP ASSET MANAGEMENT Ltd lowered its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 11.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,763,208 shares of the financial services provider's stock after selling 238,615 shares during the quarter. MarketAxess accounts for 6.4% of GUARDCAP ASSET MANAGEMENT Ltd's portfolio, making the stock its 7th biggest position. GUARDCAP ASSET MANAGEMENT Ltd owned 4.68% of MarketAxess worth $398,556,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Global X Japan Co. Ltd. raised its stake in shares of MarketAxess by 179.5% during the fourth quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 70 shares during the last quarter. Smartleaf Asset Management LLC grew its position 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. increased its stake in shares of MarketAxess by 13,900.0% during the fourth 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 during the period. Park Place Capital Corp bought a new position in shares of MarketAxess during the fourth quarter valued at approximately $44,000. Finally, R Squared Ltd bought a new position in shares of MarketAxess during the fourth quarter valued at approximately $47,000. Institutional investors own 99.01% of the company's stock.
MarketAxess Stock Up 1.9 %
Shares of NASDAQ:MKTX traded up $4.13 on Thursday, hitting $219.01. 473,832 shares of the company traded hands, compared to its average volume of 442,657. The stock has a 50 day simple moving average of $207.65 and a 200-day simple moving average of $239.48. The company has a market cap of $8.26 billion, a PE ratio of 30.13, a PEG ratio of 3.89 and a beta of 1.05. MarketAxess Holdings Inc. has a 52 week low of $186.84 and a 52 week high of $296.68.
MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.73 EPS for the quarter, beating the consensus estimate of $1.70 by $0.03. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. As a group, sell-side analysts anticipate that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.
MarketAxess Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 19th were paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 1.39%. This is an increase from MarketAxess's previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Wednesday, February 19th. MarketAxess's dividend payout ratio (DPR) is currently 41.82%.
Analyst Ratings Changes
A number of brokerages have issued reports on MKTX. Keefe, Bruyette & Woods reduced 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. UBS Group reduced their target price on MarketAxess from $330.00 to $305.00 and set a "buy" rating on the stock in a report on Friday, February 7th. The Goldman Sachs Group lowered their target price on MarketAxess from $235.00 to $210.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. Barclays reduced their price target on MarketAxess from $256.00 to $225.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. Finally, Piper Sandler lowered their price objective on MarketAxess from $265.00 to $240.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, MarketAxess presently has an average rating of "Hold" and a consensus price target of $254.78.
Check Out Our Latest Report on MKTX
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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