MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Acquired by Barclays PLC

Barclays PLC grew its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 16.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 140,760 shares of the financial services provider's stock after purchasing an additional 19,962 shares during the period. Barclays PLC owned about 0.37% of MarketAxess worth $36,063,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in MKTX. FMR LLC grew its stake in MarketAxess by 17.5% in the third quarter. FMR LLC now owns 1,959,043 shares of the financial services provider's stock worth $501,907,000 after purchasing an additional 291,134 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of MarketAxess by 10.3% during the 2nd quarter. Van ECK Associates Corp now owns 1,828,055 shares of the financial services provider's stock worth $366,580,000 after purchasing an additional 170,095 shares during the last quarter. Primecap Management Co. CA boosted its position in MarketAxess by 0.6% during the third quarter. Primecap Management Co. CA now owns 1,338,922 shares of the financial services provider's stock valued at $343,032,000 after purchasing an additional 8,042 shares in the last quarter. Marshall Wace LLP grew its stake in MarketAxess by 53.5% in the second quarter. Marshall Wace LLP now owns 820,060 shares of the financial services provider's stock valued at $164,447,000 after purchasing an additional 285,665 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in MarketAxess by 4.2% in the second quarter. Bank of New York Mellon Corp now owns 443,714 shares of the financial services provider's stock worth $88,978,000 after purchasing an additional 17,996 shares in the last quarter. 99.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Chairman Richard M. Mcvey sold 10,000 shares of the company's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $267.67, for a total value of $2,676,700.00. Following the completion of the sale, the chairman now owns 562,029 shares in the company, valued at $150,438,302.43. This represents a 1.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Scott Pintoff sold 300 shares of the stock in a transaction 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 sale, the general counsel now owns 8,302 shares of the company's stock, valued at approximately $1,997,212.14. This represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,300 shares of company stock worth $8,183,871. Corporate insiders own 2.66% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Citigroup upped their price objective on shares of MarketAxess from $310.00 to $325.00 and gave the company a "buy" rating in a report on Friday, October 4th. Bank of America dropped their target price on MarketAxess from $193.00 to $185.00 and set an "underperform" rating on the stock in a research report on Thursday, October 3rd. Piper Sandler reiterated a "neutral" rating and set a $265.00 price objective on shares of MarketAxess in a research note on Thursday, November 7th. Barclays cut their target price on shares of MarketAxess from $289.00 to $260.00 and set an "equal weight" rating for the company in a report on Monday, December 9th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on MarketAxess from $258.00 to $264.00 and gave the stock a "hold" rating in a report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $266.70.

MarketAxess Stock Down 1.0 %

MKTX stock traded down $2.48 during mid-day trading on Friday, hitting $233.73. 292,521 shares of the company were exchanged, compared to its average volume of 410,815. MarketAxess Holdings Inc. has a 12-month low of $192.42 and a 12-month high of $297.97. The firm has a market capitalization of $8.81 billion, a P/E ratio of 31.67, a PEG ratio of 10.54 and a beta of 1.00. The business has a fifty day simple moving average of $270.45 and a 200-day simple moving average of $241.85.

MarketAxess (NASDAQ:MKTX - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.85 by $0.05. MarketAxess had a return on equity of 20.93% and a net margin of 34.32%. The business had revenue of $206.70 million during the quarter, compared to analyst estimates of $207.17 million. During the same period last year, the business posted $1.46 earnings per share. The company's quarterly revenue was up 20.0% on a year-over-year basis. Research analysts predict that MarketAxess Holdings Inc. will post 7.38 EPS for the current year.

MarketAxess Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th were issued a dividend of $0.74 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $2.96 annualized dividend and a yield of 1.27%. MarketAxess's dividend payout ratio (DPR) is 40.11%.

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.