MarketAxess Holdings Inc. (NASDAQ:MKTX) Receives $254.78 Consensus Target Price from Analysts

Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Get Free Report) have earned a consensus rating of "Hold" from the nine brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $254.78.

MKTX has been the subject of several recent research reports. Keefe, Bruyette & Woods lowered their price target on MarketAxess from $251.00 to $225.00 and set a "market perform" rating for the company in a research note on Friday, February 7th. The Goldman Sachs Group lowered their price target on MarketAxess from $235.00 to $210.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. Piper Sandler lowered their price target on MarketAxess from $265.00 to $240.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. UBS Group lowered their price target on MarketAxess from $330.00 to $305.00 and set a "buy" rating for the company in a research note on Friday, February 7th. Finally, Barclays lowered their price target on MarketAxess from $256.00 to $225.00 and set an "equal weight" rating for the company in a research note on Friday, February 7th.

Insiders Place Their Bets

In other MarketAxess news, General Counsel Scott Pintoff sold 300 shares of the company's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $240.57, for a total transaction 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 $1,997,212.14. This represents a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.66% of the company's stock.

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Institutional Investors Weigh In On MarketAxess

Several hedge funds have recently modified their holdings of the business. Siemens Fonds Invest GmbH bought a new stake in shares of MarketAxess in the fourth quarter valued at approximately $433,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of MarketAxess in the fourth quarter valued at approximately $6,592,000. Mackenzie Financial Corp boosted its position in shares of MarketAxess by 20.8% in the fourth quarter. Mackenzie Financial Corp now owns 1,424 shares of the financial services provider's stock valued at $322,000 after acquiring an additional 245 shares during the period. Toronto Dominion Bank boosted its position in shares of MarketAxess by 4.0% in the fourth quarter. Toronto Dominion Bank now owns 25,721 shares of the financial services provider's stock valued at $5,813,000 after acquiring an additional 984 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in shares of MarketAxess by 4.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 14,937 shares of the financial services provider's stock valued at $3,376,000 after acquiring an additional 598 shares during the period. 99.01% of the stock is owned by institutional investors.

MarketAxess Stock Up 1.4 %

Shares of MKTX traded up $2.79 during trading hours on Thursday, reaching $208.94. The company's stock had a trading volume of 920,669 shares, compared to its average volume of 703,649. The firm has a market cap of $7.88 billion, a price-to-earnings ratio of 28.74, a P/E/G ratio of 3.89 and a beta of 1.05. MarketAxess has a 1-year low of $186.84 and a 1-year high of $296.68. The company has a 50 day moving average of $209.63 and a two-hundred day moving average of $242.08.

MarketAxess (NASDAQ:MKTX - Get Free Report) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share for the quarter, beating analysts' consensus estimates of $1.70 by $0.03. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. As a group, analysts forecast that MarketAxess will post 7.79 EPS for the current fiscal year.

MarketAxess Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 19th were given 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 yield of 1.45%. This is a boost from MarketAxess's previous quarterly dividend of $0.74. 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.