Geode Capital Management LLC Purchases 139,949 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Geode Capital Management LLC grew its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 14.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,076,877 shares of the financial services provider's stock after buying an additional 139,949 shares during the quarter. Geode Capital Management LLC owned approximately 2.86% of MarketAxess worth $275,122,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. FMR LLC increased its position in shares of MarketAxess by 17.5% in the third quarter. FMR LLC now owns 1,959,043 shares of the financial services provider's stock valued at $501,907,000 after acquiring an additional 291,134 shares during the last quarter. Van ECK Associates Corp increased its position 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 raised its stake in shares of MarketAxess by 0.6% during the 3rd quarter. Primecap Management Co. CA now owns 1,338,922 shares of the financial services provider's stock worth $343,032,000 after purchasing an additional 8,042 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of MarketAxess by 53.5% in the 2nd quarter. Marshall Wace LLP now owns 820,060 shares of the financial services provider's stock valued at $164,447,000 after buying an additional 285,665 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of MarketAxess by 4.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 443,714 shares of the financial services provider's stock valued at $88,978,000 after buying an additional 17,996 shares during the last quarter. 99.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other MarketAxess news, Chairman Richard M. Mcvey sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $267.67, for a total transaction of $2,676,700.00. Following the completion of the sale, the chairman now directly owns 562,029 shares of the company's stock, valued at approximately $150,438,302.43. The trade was a 1.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Scott Pintoff sold 300 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $240.57, for a total value of $72,171.00. Following the completion of the transaction, the general counsel now owns 8,302 shares in the company, valued at $1,997,212.14. This represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,300 shares of company stock worth $8,183,871 in the last ninety days. Corporate insiders own 2.66% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MKTX shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of MarketAxess from $258.00 to $264.00 and gave the stock a "hold" rating in a report on Monday, November 11th. Bank of America dropped their target price on shares of MarketAxess from $193.00 to $185.00 and set an "underperform" rating on the stock in a report on Thursday, October 3rd. Citigroup raised their target price on shares of MarketAxess from $310.00 to $325.00 and gave the company a "buy" rating in a research note on Friday, October 4th. Barclays lowered their price target on MarketAxess from $289.00 to $260.00 and set an "equal weight" rating on the stock in a research report on Monday, December 9th. Finally, Keefe, Bruyette & Woods raised their price objective on MarketAxess from $270.00 to $276.00 and gave the company a "market perform" rating in a research report on Thursday, November 7th. 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 stock. According to data from MarketBeat.com, MarketAxess presently has an average rating of "Hold" and an average target price of $266.70.

MarketAxess Price Performance

MKTX traded down $2.48 during trading on Friday, hitting $233.73. The stock had a trading volume of 292,521 shares, compared to its average volume of 410,815. MarketAxess Holdings Inc. has a one year low of $192.42 and a one year high of $297.97. The firm has a market cap of $8.81 billion, a price-to-earnings ratio of 31.67, a P/E/G ratio of 10.54 and a beta of 1.00. The company has a 50 day moving average price of $270.45 and a 200-day moving average price of $242.14.

MarketAxess (NASDAQ:MKTX - Get Free Report) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $1.90 EPS for the quarter, beating 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 company had revenue of $206.70 million during the quarter, compared to the consensus estimate of $207.17 million. During the same period last year, the business posted $1.46 EPS. The firm's revenue for the quarter was up 20.0% compared to the same quarter last year. As a group, sell-side analysts predict that MarketAxess Holdings Inc. will post 7.38 EPS for the current fiscal year.

MarketAxess Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Wednesday, November 20th. MarketAxess's payout ratio 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.