Invesco Ltd. Has $236.07 Million Stock Position in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Invesco Ltd. lifted its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 12.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,044,360 shares of the financial services provider's stock after purchasing an additional 115,186 shares during the period. Invesco Ltd. owned 2.77% of MarketAxess worth $236,067,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of MKTX. V Square Quantitative Management LLC boosted its holdings in shares of MarketAxess by 4.0% in the 4th quarter. V Square Quantitative Management LLC now owns 1,340 shares of the financial services provider's stock valued at $303,000 after buying an additional 52 shares in the last quarter. M&T Bank Corp grew its holdings in MarketAxess by 4.0% during the 3rd quarter. M&T Bank Corp now owns 1,469 shares of the financial services provider's stock valued at $376,000 after buying an additional 56 shares during the last quarter. Versor Investments LP grew its stake in MarketAxess by 6.3% in the 4th quarter. Versor Investments LP now owns 1,102 shares of the financial services provider's stock worth $249,000 after acquiring an additional 65 shares during the period. Global X Japan Co. Ltd. increased its position in MarketAxess by 179.5% during the fourth quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock worth $25,000 after purchasing an additional 70 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in MarketAxess by 2.6% during the fourth quarter. Fifth Third Bancorp now owns 2,979 shares of the financial services provider's stock worth $673,000 after buying an additional 75 shares during the period. Institutional investors own 99.01% of the company's stock.

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MarketAxess Price Performance

Shares of MarketAxess stock traded down $1.25 during midday trading on Wednesday, hitting $222.73. 447,858 shares of the company were exchanged, compared to its average volume of 486,296. The firm has a 50 day simple moving average of $205.93 and a 200-day simple moving average of $234.85. The firm has a market cap of $8.40 billion, a P/E ratio of 30.64, a PEG ratio of 3.89 and a beta of 1.12. 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 released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.73 EPS for the quarter, beating 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 research analysts expect 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 given a dividend of $0.76 per share. The ex-dividend date of this dividend was Wednesday, February 19th. 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 1.36%. MarketAxess's dividend payout ratio is presently 41.82%.

Wall Street Analysts Forecast Growth

MKTX has been the subject of a number of research reports. UBS Group decreased their price objective on shares of MarketAxess from $305.00 to $295.00 and set a "buy" rating for the company in a report on Monday, April 7th. Barclays lifted their price objective on shares of MarketAxess from $225.00 to $232.00 and gave the stock an "equal weight" rating in a research note on Monday, April 7th. Morgan Stanley raised MarketAxess from an "equal weight" rating to an "overweight" rating in a report on Tuesday, April 8th. The Goldman Sachs Group lowered their price objective on shares of MarketAxess from $235.00 to $210.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Finally, Bank of America raised their price target on shares of MarketAxess from $189.00 to $191.00 and gave the stock an "underperform" rating in a report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, MarketAxess has an average rating of "Hold" and a consensus price target of $252.11.

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.