Legal & General Group Plc lowered its position in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 31.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 117,280 shares of the financial services provider's stock after selling 52,983 shares during the period. Legal & General Group Plc owned about 0.31% of MarketAxess worth $26,510,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in MarketAxess by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 4,434,946 shares of the financial services provider's stock valued at $1,002,475,000 after acquiring an additional 90,805 shares during the period. FMR LLC boosted its position in shares of MarketAxess by 17.4% during the fourth quarter. FMR LLC now owns 2,300,536 shares of the financial services provider's stock worth $520,013,000 after acquiring an additional 341,493 shares during the last quarter. Van ECK Associates Corp boosted its stake in MarketAxess by 13.4% during the fourth quarter. Van ECK Associates Corp now owns 2,000,736 shares of the financial services provider's stock valued at $452,246,000 after buying an additional 236,497 shares during the last quarter. Primecap Management Co. CA raised its position in shares of 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 valued at $309,472,000 after buying an additional 30,180 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake 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 worth $251,106,000 after buying an additional 36,431 shares during the period. Institutional investors own 99.01% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the company. UBS Group dropped their price objective on MarketAxess from $305.00 to $295.00 and set a "buy" rating for the company in a report on Monday, April 7th. Keefe, Bruyette & Woods dropped their target price 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 lowered their price target on MarketAxess from $220.00 to $213.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Morgan Stanley upgraded MarketAxess from an "equal weight" rating to an "overweight" rating in a report on Tuesday, April 8th. Finally, Bank of America raised their target price on shares of MarketAxess from $189.00 to $191.00 and gave the company an "underperform" rating in a research report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $252.11.
Get Our Latest Stock Analysis on MKTX
MarketAxess Stock Up 0.7 %
Shares of NASDAQ:MKTX traded up $1.56 during trading on Tuesday, hitting $223.98. The stock had a trading volume of 496,973 shares, compared to its average volume of 486,400. MarketAxess Holdings Inc. has a 12-month low of $186.84 and a 12-month high of $296.68. The stock has a market capitalization of $8.44 billion, a price-to-earnings ratio of 30.81, a price-to-earnings-growth ratio of 3.89 and a beta of 1.12. The stock has a 50-day simple moving average of $205.93 and a two-hundred day simple moving average of $234.85.
MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.73 EPS for the quarter, beating 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%. As a group, sell-side analysts forecast that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.
MarketAxess Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 19th were paid a dividend of $0.76 per share. The ex-dividend date was Wednesday, February 19th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.36%. This is a positive change from MarketAxess's previous quarterly dividend of $0.74. MarketAxess's dividend payout ratio (DPR) is presently 41.82%.
About MarketAxess
(
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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