IFP Advisors Inc Has $85,000 Stock Holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX)

IFP Advisors Inc trimmed its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 95.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 373 shares of the financial services provider's stock after selling 8,769 shares during the quarter. IFP Advisors Inc's holdings in MarketAxess were worth $85,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. grew its stake in MarketAxess by 0.3% during the third quarter. Asset Management One Co. Ltd. now owns 15,431 shares of the financial services provider's stock worth $3,953,000 after buying an additional 50 shares during the last quarter. V Square Quantitative Management LLC grew its stake in MarketAxess by 4.0% during the fourth quarter. V Square Quantitative Management LLC now owns 1,340 shares of the financial services provider's stock worth $303,000 after buying an additional 52 shares during the last quarter. M&T Bank Corp grew its stake in MarketAxess by 4.0% during the third quarter. M&T Bank Corp now owns 1,469 shares of the financial services provider's stock worth $376,000 after buying an additional 56 shares during the last quarter. Global X Japan Co. Ltd. grew 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 purchasing an additional 70 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of MarketAxess by 2.6% during the fourth quarter. Fifth Third Bancorp now owns 2,979 shares of the financial services provider's stock valued at $673,000 after purchasing an additional 75 shares during the last quarter. 99.01% of the stock is owned by institutional investors.

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Insider Transactions at MarketAxess

In other news, General Counsel Scott Pintoff sold 300 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $240.57, for a total transaction of $72,171.00. Following the completion of the sale, the general counsel now owns 8,302 shares of the company's stock, valued at $1,997,212.14. This represents a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.66% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on MKTX shares. Barclays decreased 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 note on Friday, February 7th. Piper Sandler decreased their price target on shares of MarketAxess from $265.00 to $240.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft increased their price target on shares of MarketAxess from $258.00 to $264.00 and gave the company a "hold" rating in a research note on Monday, November 11th. The Goldman Sachs Group decreased their price target on shares of MarketAxess from $235.00 to $210.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. Finally, UBS Group decreased 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. One investment 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 data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $254.78.

MarketAxess Stock Up 1.4 %

NASDAQ MKTX traded up $2.79 during trading hours on Friday, hitting $208.94. The company's stock had a trading volume of 920,669 shares, compared to its average volume of 703,649. The stock has a fifty day moving average of $209.63 and a 200 day moving average of $242.08. MarketAxess Holdings Inc. has a twelve month low of $186.84 and a twelve month high of $296.68. The firm has a market capitalization of $7.88 billion, a P/E ratio of 28.74, a PEG 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 (EPS) for the quarter, topping 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%. On average, analysts predict that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.

MarketAxess Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th were given a dividend of $0.76 per share. This is an increase from MarketAxess's previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $3.04 annualized dividend and a dividend yield of 1.45%. MarketAxess's dividend payout ratio is currently 41.82%.

MarketAxess Company Profile

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.