Mitsubishi UFJ Trust & Banking Corp lifted its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 18.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,569 shares of the financial services provider's stock after buying an additional 10,546 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.18% of MarketAxess worth $15,047,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Cerity Partners LLC boosted its holdings in MarketAxess by 26.0% in the 3rd quarter. Cerity Partners LLC now owns 6,156 shares of the financial services provider's stock worth $1,577,000 after acquiring an additional 1,269 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of MarketAxess by 12.5% in the third quarter. Daiwa Securities Group Inc. now owns 4,662 shares of the financial services provider's stock valued at $1,194,000 after purchasing an additional 519 shares during the period. FMR LLC grew its holdings in MarketAxess by 17.5% during the 3rd quarter. FMR LLC now owns 1,959,043 shares of the financial services provider's stock valued at $501,907,000 after purchasing an additional 291,134 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in MarketAxess during the 3rd quarter worth $2,588,000. Finally, BNP Paribas Financial Markets lifted its holdings in MarketAxess by 47.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 68,364 shares of the financial services provider's stock worth $17,515,000 after buying an additional 21,936 shares in the last quarter. Institutional investors and hedge funds own 99.01% of the company's stock.
Wall Street Analyst Weigh In
MKTX has been the subject of several recent analyst reports. UBS Group lowered their target price on MarketAxess from $330.00 to $305.00 and set a "buy" rating for the company in a research note on Friday, February 7th. Barclays lowered their price objective on MarketAxess from $256.00 to $225.00 and set an "equal weight" rating for the company in a research note on Friday, February 7th. Keefe, Bruyette & Woods cut their target price on MarketAxess from $251.00 to $225.00 and set a "market perform" rating on the stock in a research report on Friday, February 7th. Piper Sandler decreased their price target on shares of MarketAxess from $265.00 to $240.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group dropped their price target 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, MarketAxess has an average rating of "Hold" and an average price target of $254.78.
Read Our Latest Stock Report on MarketAxess
MarketAxess Stock Down 0.2 %
MKTX stock traded down $0.40 during trading on Monday, hitting $216.35. 669,898 shares of the company's stock traded hands, compared to its average volume of 461,551. The stock has a market capitalization of $8.15 billion, a price-to-earnings ratio of 29.76, a price-to-earnings-growth ratio of 3.89 and a beta of 1.05. MarketAxess Holdings Inc. has a 52 week low of $186.84 and a 52 week high of $296.68. The stock has a fifty day moving average price of $207.57 and a two-hundred day moving average price of $238.95.
MarketAxess (NASDAQ:MKTX - Get Free Report) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts expect that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal 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 paid a dividend of $0.76 per share. This is an increase from MarketAxess's previous quarterly dividend of $0.74. This represents a $3.04 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Wednesday, February 19th. MarketAxess's dividend payout ratio is presently 41.82%.
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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