MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Purchased by Jump Financial LLC

Jump Financial LLC lifted its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 189.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,159 shares of the financial services provider's stock after acquiring an additional 14,506 shares during the period. Jump Financial LLC owned 0.06% of MarketAxess worth $5,009,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of MarketAxess by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 4,434,946 shares of the financial services provider's stock worth $1,002,475,000 after purchasing an additional 90,805 shares in the last quarter. FMR LLC increased its stake in MarketAxess by 17.4% during the 4th quarter. FMR LLC now owns 2,300,536 shares of the financial services provider's stock valued at $520,013,000 after purchasing an additional 341,493 shares in the last quarter. Van ECK Associates Corp lifted its position in MarketAxess by 13.4% during the 4th quarter. Van ECK Associates Corp now owns 2,000,736 shares of the financial services provider's stock worth $452,246,000 after acquiring an additional 236,497 shares during the period. Primecap Management Co. CA raised its position 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 worth $309,472,000 after buying an additional 30,180 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in MarketAxess by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 1,113,308 shares of the financial services provider's stock valued at $251,106,000 after purchasing an additional 36,431 shares during the period. 99.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on MKTX shares. Piper Sandler dropped their price target on shares of MarketAxess from $220.00 to $213.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Barclays upped their price objective on shares of MarketAxess from $225.00 to $232.00 and gave the company an "equal weight" rating in a report on Monday, April 7th. Morgan Stanley upgraded shares of MarketAxess from an "equal weight" rating to an "overweight" rating in a report on Tuesday, April 8th. UBS Group dropped their price target 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. Finally, The Goldman Sachs Group decreased their price objective on shares of MarketAxess from $235.00 to $210.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, MarketAxess has an average rating of "Hold" and an average price target of $252.11.

MarketAxess Price Performance

Shares of MarketAxess stock traded up $0.30 on Tuesday, reaching $222.47. 61,394 shares of the company were exchanged, compared to its average volume of 485,271. The stock's 50 day moving average price is $208.12 and its 200-day moving average price is $233.56. MarketAxess Holdings Inc. has a 1-year low of $186.84 and a 1-year high of $296.68. The company has a market cap of $8.39 billion, a P/E ratio of 30.53, a price-to-earnings-growth ratio of 3.89 and a beta of 1.12.

MarketAxess (NASDAQ:MKTX - Get Free Report) last released 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 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 fiscal year.

MarketAxess Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th were issued a $0.76 dividend. This is a boost 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 1.37%. MarketAxess's dividend payout ratio is presently 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.