MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Purchased by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. raised its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 11.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,298,409 shares of the financial services provider's stock after acquiring an additional 236,118 shares during the period. T. Rowe Price Investment Management Inc. owned 6.10% of MarketAxess worth $519,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. V Square Quantitative Management LLC grew its position in MarketAxess by 4.0% during the fourth quarter. V Square Quantitative Management LLC now owns 1,340 shares of the financial services provider's stock worth $303,000 after buying an additional 52 shares during the period. Guggenheim Capital LLC boosted its stake in shares of MarketAxess by 3.7% during the 4th quarter. Guggenheim Capital LLC now owns 1,701 shares of the financial services provider's stock worth $384,000 after acquiring an additional 61 shares in the last quarter. Versor Investments LP boosted its stake in shares of MarketAxess by 6.3% during the 4th quarter. Versor Investments LP now owns 1,102 shares of the financial services provider's stock worth $249,000 after acquiring an additional 65 shares in the last quarter. Global X Japan Co. Ltd. grew its holdings in shares of MarketAxess by 179.5% in the 4th quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock worth $25,000 after acquiring an additional 70 shares during the period. Finally, Fifth Third Bancorp increased its stake in MarketAxess by 2.6% in the 4th quarter. Fifth Third Bancorp now owns 2,979 shares of the financial services provider's stock valued at $673,000 after purchasing an additional 75 shares in the last quarter. Institutional investors and hedge funds own 99.01% of the company's stock.

MarketAxess Stock Performance

Shares of MKTX opened at $222.41 on Wednesday. MarketAxess Holdings Inc. has a fifty-two week low of $186.84 and a fifty-two week high of $296.68. The stock has a fifty day moving average of $208.74 and a two-hundred day moving average of $233.48. The company has a market capitalization of $8.38 billion, a PE ratio of 30.59, a price-to-earnings-growth 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 for the quarter, topping the consensus estimate of $1.70 by $0.03. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. As a group, equities research analysts forecast that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.

MarketAxess Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 19th were issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 1.37%. This is an increase from MarketAxess's previous quarterly dividend of $0.74. The ex-dividend date was Wednesday, February 19th. MarketAxess's payout ratio is presently 41.82%.

Wall Street Analyst Weigh In

MKTX has been the topic of several research reports. Bank of America upped their target price on MarketAxess from $189.00 to $191.00 and gave the company an "underperform" rating in a report on Wednesday, April 2nd. UBS Group dropped their target price on shares of MarketAxess from $305.00 to $295.00 and set a "buy" rating for the company in a report on Monday, April 7th. Morgan Stanley upgraded shares of MarketAxess from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, April 8th. Piper Sandler lowered their price target on shares of MarketAxess from $220.00 to $213.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, Barclays upped their target price on MarketAxess from $225.00 to $232.00 and gave the company an "equal weight" rating in a research note on Monday, April 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $252.11.

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.

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