Pictet Asset Management Holding SA Increases Stake in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Pictet Asset Management Holding SA lifted its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 15.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,013 shares of the financial services provider's stock after buying an additional 3,271 shares during the period. Pictet Asset Management Holding SA owned approximately 0.06% of MarketAxess worth $5,428,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. increased its stake in MarketAxess by 0.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 10,770 shares of the financial services provider's stock worth $2,434,000 after purchasing an additional 88 shares during the period. Norges Bank bought a new position in shares of MarketAxess in the fourth quarter worth approximately $119,095,000. UniSuper Management Pty Ltd increased its stake in shares of MarketAxess by 35.3% in the fourth quarter. UniSuper Management Pty Ltd now owns 8,061 shares of the financial services provider's stock worth $1,822,000 after buying an additional 2,102 shares during the period. JPMorgan Chase & Co. raised its holdings in MarketAxess by 2.6% during the 4th quarter. JPMorgan Chase & Co. now owns 630,526 shares of the financial services provider's stock valued at $142,524,000 after buying an additional 15,713 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in MarketAxess by 8.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 59,653 shares of the financial services provider's stock valued at $13,510,000 after buying an additional 4,600 shares during the period. Institutional investors own 99.01% of the company's stock.

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MarketAxess Stock Down 0.8 %

Shares of MKTX stock traded down $1.65 during mid-day trading on Tuesday, reaching $206.27. 811,086 shares of the company's stock traded hands, compared to its average volume of 474,361. The company's 50-day moving average price is $205.70 and its 200-day moving average price is $236.47. The company has a market cap of $7.77 billion, a P/E ratio of 28.37, a P/E/G ratio of 3.89 and a beta of 1.12. MarketAxess Holdings Inc. has a 12 month low of $186.84 and a 12 month high of $296.68.

MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.73 EPS for the quarter, topping 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%. Equities analysts predict 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. Investors of record on Wednesday, February 19th were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Wednesday, February 19th. This is a positive change from MarketAxess's previous quarterly dividend of $0.74. MarketAxess's dividend payout ratio (DPR) is 41.82%.

Analyst Ratings Changes

MKTX has been the subject of several recent analyst reports. The Goldman Sachs Group lowered their price objective on shares of MarketAxess from $235.00 to $210.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. William Blair started coverage on MarketAxess in a research report on Friday. They set an "outperform" rating for the company. Barclays lifted their price objective on MarketAxess from $225.00 to $232.00 and gave the stock an "equal weight" rating in a research report on Monday. Morgan Stanley upgraded MarketAxess from an "equal weight" rating to an "overweight" rating in a report on Tuesday. Finally, Piper Sandler cut their price target on shares of MarketAxess from $220.00 to $213.00 and set a "neutral" rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $252.11.

MarketAxess 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.