J. Safra Sarasin Holding AG purchased a new stake in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,715 shares of the financial services provider's stock, valued at approximately $840,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MKTX. Barclays PLC lifted its stake in shares of MarketAxess by 16.5% in the third quarter. Barclays PLC now owns 140,760 shares of the financial services provider's stock worth $36,063,000 after acquiring an additional 19,962 shares during the period. Virtu Financial LLC bought a new position in MarketAxess during the 3rd quarter worth approximately $836,000. Pine Valley Investments Ltd Liability Co lifted its position in shares of MarketAxess by 3.7% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 10,304 shares of the financial services provider's stock worth $2,640,000 after purchasing an additional 369 shares during the period. Franklin Resources Inc. boosted its stake in shares of MarketAxess by 242.7% in the 3rd quarter. Franklin Resources Inc. now owns 8,215 shares of the financial services provider's stock valued at $2,337,000 after purchasing an additional 5,818 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in MarketAxess by 22.9% during the 3rd quarter. Principal Financial Group Inc. now owns 55,679 shares of the financial services provider's stock worth $14,265,000 after acquiring an additional 10,361 shares during the period. 99.01% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
MKTX has been the subject of several research analyst reports. The Goldman Sachs Group lowered their price objective 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. William Blair started coverage on MarketAxess in a report on Friday, April 4th. They set an "outperform" rating for the company. UBS Group reduced their price objective on shares of MarketAxess from $305.00 to $295.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Bank of America raised their target price on MarketAxess from $189.00 to $191.00 and gave the company an "underperform" rating in a research report on Wednesday, April 2nd. Finally, Morgan Stanley raised shares of MarketAxess from an "equal weight" rating to an "overweight" rating in a report on Tuesday, April 8th. One equities 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 company. According to data from MarketBeat.com, MarketAxess has an average rating of "Hold" and an average target price of $252.11.
View Our Latest Report on MKTX
MarketAxess Trading Up 0.4 %
Shares of MarketAxess stock traded up $0.81 on Friday, reaching $219.00. The stock had a trading volume of 402,418 shares, compared to its average volume of 491,537. The business's 50 day moving average is $210.22 and its two-hundred day moving average is $232.30. The company has a market cap of $8.25 billion, a P/E ratio of 30.12, a price-to-earnings-growth ratio of 3.89 and a beta of 1.12. MarketAxess Holdings Inc. has a 1 year low of $186.84 and a 1 year high of $296.68.
MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.73 EPS for the quarter, topping the consensus estimate of $1.70 by $0.03. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. On average, equities analysts anticipate that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.
MarketAxess Company Profile
(
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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