Tredje AP fonden decreased its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 50.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,980 shares of the financial services provider's stock after selling 2,980 shares during the quarter. Tredje AP fonden's holdings in MarketAxess were worth $674,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MKTX. Accent Capital Management LLC purchased a new position in shares of MarketAxess in the third quarter worth $25,000. Global X Japan Co. Ltd. raised its stake in shares of MarketAxess by 179.5% during the 4th quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock worth $25,000 after buying an additional 70 shares during the period. Smartleaf Asset Management LLC lifted its holdings in MarketAxess by 495.2% during the fourth 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. boosted its stake in shares of MarketAxess by 13,900.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock worth $32,000 after acquiring an additional 139 shares during the last quarter. Finally, Park Place Capital Corp purchased a new stake in MarketAxess during the 4th quarter valued at about $44,000. 99.01% of the stock is currently owned by hedge funds and other institutional investors.
MarketAxess Stock Performance
MKTX stock traded up $0.37 during midday trading on Friday, reaching $212.38. 518,285 shares of the company were exchanged, compared to its average volume of 698,885. The stock's 50-day simple moving average is $208.13 and its 200 day simple moving average is $241.33. MarketAxess Holdings Inc. has a 1-year low of $186.84 and a 1-year high of $296.68. The company has a market cap of $8.01 billion, a price-to-earnings ratio of 29.21, a price-to-earnings-growth ratio of 3.89 and a beta of 1.05.
MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its earnings results 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, research analysts anticipate that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.
MarketAxess Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 19th were paid a $0.76 dividend. This is an increase from MarketAxess's previous quarterly dividend of $0.74. This represents a $3.04 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Wednesday, February 19th. MarketAxess's dividend payout ratio (DPR) is 41.82%.
Wall Street Analysts Forecast Growth
MKTX has been the subject of several analyst reports. Barclays dropped their price target on shares of MarketAxess from $256.00 to $225.00 and set an "equal weight" rating for the company in a research note on Friday, February 7th. Piper Sandler cut their price objective on MarketAxess from $265.00 to $240.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. UBS Group reduced their price target on shares of MarketAxess from $330.00 to $305.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. Keefe, Bruyette & Woods dropped their price target 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, The Goldman Sachs Group lowered their target price on MarketAxess from $235.00 to $210.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $254.78.
Read Our Latest Research Report on MarketAxess
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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