Tredje AP fonden lessened its position in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 50.0% in the 4th quarter, according to the company in its most recent filing with the 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 filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Van ECK Associates Corp increased its stake in MarketAxess by 13.4% in the 4th quarter. Van ECK Associates Corp now owns 2,000,736 shares of the financial services provider's stock valued at $452,246,000 after buying an additional 236,497 shares during the period. FMR LLC increased its stake in MarketAxess by 17.5% in the 3rd quarter. FMR LLC now owns 1,959,043 shares of the financial services provider's stock valued at $501,907,000 after buying an additional 291,134 shares during the period. Primecap Management Co. CA increased its stake in MarketAxess by 0.6% in the 3rd quarter. Primecap Management Co. CA now owns 1,338,922 shares of the financial services provider's stock valued at $343,032,000 after buying an additional 8,042 shares during the period. Geode Capital Management LLC increased its stake in MarketAxess by 14.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,076,877 shares of the financial services provider's stock valued at $275,122,000 after buying an additional 139,949 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in MarketAxess by 2.6% in the 4th quarter. Bank of New York Mellon Corp now owns 440,934 shares of the financial services provider's stock valued at $99,669,000 after buying an additional 11,291 shares during the period. Hedge funds and other institutional investors own 99.01% of the company's stock.
MarketAxess Price Performance
NASDAQ:MKTX traded up $4.31 during midday trading on Monday, reaching $216.69. The stock had a trading volume of 344,886 shares, compared to its average volume of 691,585. MarketAxess Holdings Inc. has a 1-year low of $186.84 and a 1-year high of $296.68. The firm's fifty day simple moving average is $208.13 and its 200-day simple moving average is $241.33. The stock has a market capitalization of $8.17 billion, a P/E ratio of 29.84, a PEG ratio of 3.89 and a beta of 1.05.
MarketAxess (NASDAQ:MKTX - Get Free Report) last posted 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 net margin of 33.56% and a return on equity of 20.23%. On average, equities research analysts anticipate that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.
MarketAxess Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 19th were paid a $0.76 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This is a positive change from MarketAxess's previous quarterly dividend of $0.74. This represents a $3.04 dividend on an annualized basis and a yield of 1.40%. MarketAxess's dividend payout ratio (DPR) is presently 41.82%.
Analyst Ratings Changes
MKTX has been the topic of several research reports. Barclays dropped their price objective 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. Keefe, Bruyette & Woods dropped their price objective on shares of MarketAxess from $251.00 to $225.00 and set a "market perform" rating on the stock in a research note on Friday, February 7th. The Goldman Sachs Group dropped their price objective on shares of MarketAxess from $235.00 to $210.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. Piper Sandler dropped their price target on shares of MarketAxess from $265.00 to $240.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Finally, UBS Group dropped their price target on shares of MarketAxess from $330.00 to $305.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. One equities research 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, the stock presently has a consensus rating of "Hold" and a consensus price target of $254.78.
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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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