HUB Investment Partners LLC cut its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 31.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,503 shares of the financial services provider's stock after selling 3,395 shares during the quarter. HUB Investment Partners LLC's holdings in MarketAxess were worth $1,696,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Global X Japan Co. Ltd. lifted its stake in MarketAxess by 179.5% in the fourth quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 70 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of MarketAxess by 495.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 104 shares in the last quarter. SRS Capital Advisors Inc. lifted its stake in shares of MarketAxess by 13,900.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 139 shares during the last quarter. Park Place Capital Corp bought a new stake in MarketAxess in the fourth quarter worth $44,000. Finally, R Squared Ltd acquired a new position in MarketAxess during the fourth quarter worth $47,000. 99.01% of the stock is currently owned by hedge funds and other institutional investors.
MarketAxess Trading Up 0.8 %
MKTX traded up $1.64 on Tuesday, hitting $213.42. 356,594 shares of the stock traded hands, compared to its average volume of 441,542. The business has a fifty day moving average price of $207.82 and a two-hundred day moving average price of $240.10. The firm has a market capitalization of $8.04 billion, a PE ratio of 29.36, a P/E/G 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.
MarketAxess (NASDAQ:MKTX - Get Free Report) last released its quarterly earnings data 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%. On average, equities research analysts forecast that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.
MarketAxess Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.42%. This is an increase from MarketAxess's previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Wednesday, February 19th. MarketAxess's dividend payout ratio (DPR) is presently 41.82%.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on MKTX. The Goldman Sachs Group reduced their price target on MarketAxess from $235.00 to $210.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. UBS Group decreased their target price on MarketAxess from $330.00 to $305.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Piper Sandler lowered their price target on MarketAxess from $265.00 to $240.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Keefe, Bruyette & Woods reduced their price objective on shares of MarketAxess from $251.00 to $225.00 and set a "market perform" rating for the company in a research note on Friday, February 7th. Finally, Barclays lowered their target price on shares of MarketAxess from $256.00 to $225.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $254.78.
Check Out Our Latest Report on MarketAxess
MarketAxess 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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