MarketAxess (NASDAQ:MKTX - Free Report) had its price target trimmed by Keefe, Bruyette & Woods from $276.00 to $255.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a market perform rating on the financial services provider's stock.
Other research analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft lifted their price objective on MarketAxess from $258.00 to $264.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. UBS Group boosted their price target on MarketAxess from $330.00 to $335.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Barclays decreased their price objective on MarketAxess from $289.00 to $260.00 and set an "equal weight" rating on the stock in a research note on Monday, December 9th. Morgan Stanley boosted their target price on shares of MarketAxess from $262.00 to $314.00 and gave the company an "equal weight" rating in a research note on Thursday, October 17th. Finally, Citigroup lifted their price target on shares of MarketAxess from $310.00 to $325.00 and gave the stock a "buy" rating in a report on Friday, October 4th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, MarketAxess currently has an average rating of "Hold" and a consensus target price of $264.60.
Check Out Our Latest Stock Analysis on MKTX
MarketAxess Trading Up 0.7 %
Shares of NASDAQ:MKTX traded up $1.64 during trading on Friday, hitting $230.15. 1,100,021 shares of the stock were exchanged, compared to its average volume of 414,327. The company has a market cap of $8.68 billion, a PE ratio of 31.19, a P/E/G ratio of 10.54 and a beta of 1.00. The company has a fifty day moving average price of $267.00 and a two-hundred day moving average price of $242.47. MarketAxess has a 12-month low of $192.42 and a 12-month high of $297.97.
MarketAxess (NASDAQ:MKTX - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.85 by $0.05. MarketAxess had a net margin of 34.32% and a return on equity of 20.93%. The business had revenue of $206.70 million for the quarter, compared to analyst estimates of $207.17 million. During the same period in the previous year, the firm earned $1.46 EPS. The business's revenue for the quarter was up 20.0% compared to the same quarter last year. Equities research analysts anticipate that MarketAxess will post 7.38 earnings per share for the current fiscal year.
MarketAxess Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were issued a dividend of $0.74 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.29%. MarketAxess's payout ratio is 40.11%.
Insider Buying and Selling
In related news, Chairman Richard M. Mcvey sold 10,000 shares of the company's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $267.67, for a total transaction of $2,676,700.00. Following the completion of the sale, the chairman now directly owns 562,029 shares of the company's stock, valued at approximately $150,438,302.43. This represents a 1.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value 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 approximately $1,997,212.14. This represents a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,300 shares of company stock valued at $8,183,871. 2.66% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On MarketAxess
Several institutional investors and hedge funds have recently modified their holdings of the stock. Retirement Planning Co of New England Inc. lifted its position in MarketAxess by 2.9% during the 2nd quarter. Retirement Planning Co of New England Inc. now owns 1,566 shares of the financial services provider's stock worth $314,000 after acquiring an additional 44 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of 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 valued at $3,953,000 after purchasing an additional 50 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of MarketAxess by 0.7% during the second quarter. Nisa Investment Advisors LLC now owns 7,376 shares of the financial services provider's stock worth $1,479,000 after purchasing an additional 52 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of MarketAxess by 1.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 5,080 shares of the financial services provider's stock valued at $1,287,000 after purchasing an additional 52 shares during the period. Finally, 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 purchasing an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 99.01% of the company's stock.
About MarketAxess
(
Get 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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