Renaissance Technologies LLC raised its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 21.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 227,880 shares of the financial services provider's stock after buying an additional 40,270 shares during the quarter. Renaissance Technologies LLC owned about 0.60% of MarketAxess worth $51,510,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the business. Invesco Ltd. lifted its stake in shares of MarketAxess by 12.4% in the fourth quarter. Invesco Ltd. now owns 1,044,360 shares of the financial services provider's stock worth $236,067,000 after acquiring an additional 115,186 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of MarketAxess by 29.1% during the fourth quarter. Cerity Partners LLC now owns 7,948 shares of the financial services provider's stock valued at $1,946,000 after purchasing an additional 1,792 shares during the last quarter. FMR LLC boosted its holdings in shares of MarketAxess by 17.4% during the fourth quarter. FMR LLC now owns 2,300,536 shares of the financial services provider's stock valued at $520,013,000 after acquiring an additional 341,493 shares during the period. 2Xideas AG increased its holdings in shares of MarketAxess by 28.0% in the 4th quarter. 2Xideas AG now owns 48,974 shares of the financial services provider's stock worth $11,070,000 after acquiring an additional 10,705 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in MarketAxess by 21.8% during the 4th quarter. Russell Investments Group Ltd. now owns 24,856 shares of the financial services provider's stock valued at $5,616,000 after purchasing an additional 4,447 shares during the period. 99.01% of the stock is currently owned by institutional investors and hedge funds.
MarketAxess Trading Up 0.1 %
Shares of MarketAxess stock traded up $0.23 on Wednesday, reaching $224.21. 64,173 shares of the company were exchanged, compared to its average volume of 484,737. The company has a 50-day moving average of $205.93 and a 200 day moving average of $234.85. MarketAxess Holdings Inc. has a one year low of $186.84 and a one year high of $296.68. The company has a market capitalization of $8.45 billion, a price-to-earnings ratio of 30.84, a PEG ratio of 3.89 and a beta of 1.12.
MarketAxess (NASDAQ:MKTX - Get Free Report) last released its earnings results 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 return on equity of 20.23% and a net margin of 33.56%. 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. Shareholders of record on Wednesday, February 19th were given a $0.76 dividend. This is a positive change from MarketAxess's previous quarterly dividend of $0.74. The ex-dividend date was Wednesday, February 19th. This represents a $3.04 annualized dividend and a yield of 1.36%. MarketAxess's payout ratio is currently 41.82%.
Wall Street Analyst Weigh In
MKTX has been the subject of several research analyst reports. Morgan Stanley raised shares of MarketAxess from an "equal weight" rating to an "overweight" rating in a report on Tuesday, April 8th. The Goldman Sachs Group lowered their price objective on shares of MarketAxess from $235.00 to $210.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. UBS Group reduced their price target on shares of MarketAxess from $305.00 to $295.00 and set a "buy" rating for the company in a research report on Monday, April 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. Finally, William Blair started coverage on MarketAxess in a research report on Friday, April 4th. They set an "outperform" rating for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, MarketAxess presently has a consensus rating of "Hold" and an average price target of $252.11.
View Our Latest Report on MKTX
MarketAxess Company 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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