13,800 Shares in MarketAxess Holdings Inc. (NASDAQ:MKTX) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 13,800 shares of the financial services provider's stock, valued at approximately $3,119,000.

Several other large investors have also modified their holdings of MKTX. Global X Japan Co. Ltd. raised its stake 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 acquiring an additional 70 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of MarketAxess by 495.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock worth $28,000 after buying an additional 104 shares during the period. SRS Capital Advisors Inc. increased its holdings in MarketAxess by 13,900.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 139 shares during the last quarter. Park Place Capital Corp bought a new stake in shares of MarketAxess in the 4th quarter valued at $44,000. Finally, R Squared Ltd bought a new stake in MarketAxess during the 4th quarter worth approximately $47,000. 99.01% of the stock is owned by institutional investors.

MarketAxess Trading Down 1.0 %

NASDAQ:MKTX traded down $2.26 during trading hours on Friday, hitting $216.75. 365,011 shares of the company were exchanged, compared to its average volume of 460,718. The stock has a market capitalization of $8.17 billion, a price-to-earnings ratio of 29.81, a price-to-earnings-growth ratio of 3.89 and a beta of 1.05. MarketAxess Holdings Inc. has a one year low of $186.84 and a one year high of $296.68. The company has a fifty day simple moving average of $207.57 and a 200 day simple moving average of $238.95.

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MarketAxess (NASDAQ:MKTX - Get Free Report) last released its quarterly earnings results 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%. Equities 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 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 1.40%. MarketAxess's dividend payout ratio (DPR) is 41.82%.

Wall Street Analyst Weigh In

MKTX has been the topic of several analyst reports. Barclays dropped 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 report on Friday, February 7th. Keefe, Bruyette & Woods reduced their price objective on shares of MarketAxess from $251.00 to $225.00 and set a "market perform" rating on the stock in a research note on Friday, February 7th. Piper Sandler dropped their price objective on MarketAxess from $265.00 to $240.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. UBS Group reduced 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. Finally, 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 report on Monday, February 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, MarketAxess presently has a consensus rating of "Hold" and a consensus price target of $254.78.

MarketAxess 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.