Guardian Partners Inc. purchased a new position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,600 shares of the financial services provider's stock, valued at approximately $2,987,000.
Other hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its stake in MarketAxess by 13.4% in the fourth quarter. Van ECK Associates Corp now owns 2,000,736 shares of the financial services provider's stock worth $452,246,000 after purchasing an additional 236,497 shares during the last quarter. FMR LLC lifted its stake in shares of MarketAxess by 17.5% during the 3rd quarter. FMR LLC now owns 1,959,043 shares of the financial services provider's stock worth $501,907,000 after acquiring an additional 291,134 shares during the last quarter. Primecap Management Co. CA boosted its holdings in MarketAxess by 2.3% during the 4th quarter. Primecap Management Co. CA now owns 1,369,102 shares of the financial services provider's stock valued at $309,472,000 after acquiring an additional 30,180 shares during the period. Geode Capital Management LLC grew its position in MarketAxess by 14.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,076,877 shares of the financial services provider's stock valued at $275,122,000 after acquiring an additional 139,949 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in MarketAxess by 2.6% in the fourth quarter. Bank of New York Mellon Corp now owns 440,934 shares of the financial services provider's stock worth $99,669,000 after purchasing an additional 11,291 shares during the period. 99.01% of the stock is currently owned by institutional investors.
MarketAxess Price Performance
NASDAQ MKTX traded up $4.13 during midday trading on Thursday, hitting $219.01. 473,832 shares of the company traded hands, compared to its average volume of 442,657. MarketAxess Holdings Inc. has a 52 week low of $186.84 and a 52 week high of $296.68. The company's 50-day simple moving average is $207.65 and its 200-day simple moving average is $239.48. The company has a market cap of $8.26 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 3.89 and a beta of 1.05.
MarketAxess (NASDAQ:MKTX - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.73 earnings per share 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%. On average, research analysts predict that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.
MarketAxess Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th were given a $0.76 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.39%. This is an increase from MarketAxess's previous quarterly dividend of $0.74. MarketAxess's payout ratio is presently 41.82%.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on MKTX. Piper Sandler cut their price target on shares of MarketAxess from $265.00 to $240.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Keefe, Bruyette & Woods dropped their target price on shares of MarketAxess from $251.00 to $225.00 and set a "market perform" rating on the stock in a research note on Friday, February 7th. The Goldman Sachs Group decreased their price target on shares of MarketAxess from $235.00 to $210.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. Barclays dropped their price objective 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, UBS Group reduced their price objective on MarketAxess from $330.00 to $305.00 and set a "buy" rating on the stock in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, MarketAxess currently has a consensus rating of "Hold" and an average price target of $254.78.
Read Our Latest Research Report 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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