Keybank National Association OH boosted its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 18.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,149 shares of the financial services provider's stock after purchasing an additional 1,256 shares during the quarter. Keybank National Association OH's holdings in MarketAxess were worth $1,842,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Accent Capital Management LLC purchased a new stake in shares of MarketAxess in the third quarter worth about $25,000. Global X Japan Co. Ltd. increased its stake in MarketAxess by 179.5% in the 4th 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 during the last quarter. Smartleaf Asset Management LLC raised its holdings 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 acquiring an additional 104 shares in the last quarter. SRS Capital Advisors Inc. increased its holdings in shares of MarketAxess by 13,900.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock worth $32,000 after buying an additional 139 shares during the last quarter. Finally, Park Place Capital Corp bought a new position in shares of MarketAxess in the 4th quarter valued at about $44,000. 99.01% of the stock is owned by hedge funds and other institutional investors.
MarketAxess Price Performance
Shares of NASDAQ:MKTX traded up $3.63 on Monday, hitting $212.57. 876,261 shares of the company's stock were exchanged, compared to its average volume of 707,483. The stock has a market capitalization of $8.01 billion, a price-to-earnings ratio of 29.24, a price-to-earnings-growth ratio of 3.89 and a beta of 1.05. MarketAxess Holdings Inc. has a 12 month low of $186.84 and a 12 month high of $296.68. The business's 50 day simple moving average is $209.63 and its two-hundred day simple moving average is $242.22.
MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its quarterly earnings data 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 net margin of 33.56% and a return on equity of 20.23%. Equities analysts forecast that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.
MarketAxess Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th were given a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Wednesday, February 19th. This is a boost from MarketAxess's previous quarterly dividend of $0.74. MarketAxess's dividend payout ratio is presently 41.82%.
Analysts Set New Price Targets
Several equities research analysts have weighed in on the company. The Goldman Sachs Group reduced their price objective on MarketAxess from $235.00 to $210.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft boosted their target price on MarketAxess from $258.00 to $264.00 and gave the company a "hold" rating in a research report on Monday, November 11th. 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 report on Friday, February 7th. UBS Group dropped their price objective on shares of MarketAxess from $330.00 to $305.00 and set a "buy" rating for the company in a research note on Friday, February 7th. Finally, Piper Sandler reduced their target price on shares of MarketAxess from $265.00 to $240.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $254.78.
Read Our Latest Report on MKTX
MarketAxess Profile
(
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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