Magnetar Financial LLC increased its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 708.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,562 shares of the financial services provider's stock after acquiring an additional 15,389 shares during the period. Magnetar Financial LLC's holdings in MarketAxess were worth $3,970,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. First Hawaiian Bank bought a new position in MarketAxess in the 4th quarter worth about $1,088,000. Charles Schwab Investment Management Inc. raised its holdings in MarketAxess by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 363,224 shares of the financial services provider's stock worth $82,103,000 after buying an additional 5,153 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of MarketAxess in the third quarter worth approximately $1,966,000. Keybank National Association OH grew its holdings in shares of MarketAxess by 18.2% during the fourth quarter. Keybank National Association OH now owns 8,149 shares of the financial services provider's stock valued at $1,842,000 after buying an additional 1,256 shares during the last quarter. Finally, Norden Group LLC bought a new stake in shares of MarketAxess during the fourth quarter valued at approximately $539,000. Hedge funds and other institutional investors own 99.01% of the company's stock.
MarketAxess Trading Up 0.8 %
NASDAQ MKTX traded up $1.64 during trading hours on Tuesday, hitting $213.42. 356,594 shares of the company's stock traded hands, compared to its average volume of 441,542. MarketAxess Holdings Inc. has a 52 week low of $186.84 and a 52 week high of $296.68. The firm has a market capitalization of $8.04 billion, a P/E ratio of 29.36, a P/E/G ratio of 3.89 and a beta of 1.05. The business's fifty day moving average price is $207.82 and its two-hundred day moving average price is $240.10.
MarketAxess (NASDAQ:MKTX - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.70 by $0.03. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. On average, sell-side analysts expect that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.
MarketAxess Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 19th were given 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 dividend on an annualized basis and a yield of 1.42%. MarketAxess's dividend payout ratio is presently 41.82%.
Analyst Upgrades and Downgrades
MKTX has been the topic of several recent analyst reports. Barclays cut their target price on MarketAxess from $256.00 to $225.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. UBS Group dropped their price objective on MarketAxess from $330.00 to $305.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. Keefe, Bruyette & Woods decreased their target price on MarketAxess from $251.00 to $225.00 and set a "market perform" rating for the company in a research report on Friday, February 7th. The Goldman Sachs Group dropped their price target 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. Finally, Piper Sandler decreased their price objective on shares of MarketAxess from $265.00 to $240.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, MarketAxess has an average rating of "Hold" and a consensus target price of $254.78.
Read Our Latest Analysis on MarketAxess
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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