Analysts Set MarketAxess Holdings Inc. (NASDAQ:MKTX) Price Target at $254.78

MarketAxess Holdings Inc. (NASDAQ:MKTX - Get Free Report) has been given an average recommendation of "Hold" by the nine analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $255.44.

Several brokerages recently weighed in on MKTX. UBS Group decreased their price objective on MarketAxess from $330.00 to $305.00 and set a "buy" rating for the company in a report on Friday, February 7th. Bank of America raised their price objective on shares of MarketAxess from $189.00 to $191.00 and gave the stock an "underperform" rating in a report on Wednesday. The Goldman Sachs Group lowered their target price 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. Keefe, Bruyette & Woods cut their price target on MarketAxess from $251.00 to $225.00 and set a "market perform" rating for the company in a report on Friday, February 7th. Finally, Piper Sandler decreased their price objective on MarketAxess from $265.00 to $240.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th.

Institutional Trading of MarketAxess

A number of institutional investors have recently made changes to their positions in MKTX. MassMutual Private Wealth & Trust FSB grew its holdings in MarketAxess by 49.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 164 shares of the financial services provider's stock worth $35,000 after acquiring an additional 54 shares during the last quarter. 111 Capital purchased a new stake in MarketAxess in the fourth quarter worth about $206,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of MarketAxess by 173.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,707 shares of the financial services provider's stock valued at $612,000 after purchasing an additional 1,716 shares during the period. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of MarketAxess during the 4th quarter valued at $2,734,000. Finally, Siemens Fonds Invest GmbH purchased a new stake in MarketAxess in the fourth quarter worth about $433,000. Hedge funds and other institutional investors own 99.01% of the company's stock.

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MarketAxess Price Performance

Shares of MarketAxess stock traded down $4.00 during trading hours on Monday, hitting $211.92. 246,649 shares of the company's stock traded hands, compared to its average volume of 648,536. The stock has a market capitalization of $7.99 billion, a price-to-earnings ratio of 29.15, a PEG ratio of 3.89 and a beta of 1.05. MarketAxess has a 12-month low of $186.84 and a 12-month high of $296.68. The company has a fifty day simple moving average of $207.37 and a 200-day simple moving average of $238.37.

MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.73 EPS for the quarter, topping 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, analysts forecast that MarketAxess 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. Investors of record on Wednesday, February 19th were given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 1.43%. This is a positive change from MarketAxess's previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Wednesday, February 19th. MarketAxess's dividend payout ratio (DPR) 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.