Arrowstreet Capital Limited Partnership grew its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 471.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,668 shares of the financial services provider's stock after buying an additional 69,021 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.22% of MarketAxess worth $18,912,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in MKTX. Public Sector Pension Investment Board boosted its stake in MarketAxess by 3.1% in the 3rd quarter. Public Sector Pension Investment Board now owns 6,607 shares of the financial services provider's stock worth $1,693,000 after purchasing an additional 200 shares during the period. Captrust Financial Advisors lifted its holdings in shares of MarketAxess by 5.6% in the third quarter. Captrust Financial Advisors now owns 2,804 shares of the financial services provider's stock valued at $718,000 after purchasing an additional 148 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of MarketAxess during the third quarter worth about $614,000. Centiva Capital LP bought a new position in shares of MarketAxess during the third quarter worth about $332,000. Finally, Investment Management Corp of Ontario acquired a new stake in MarketAxess in the 3rd quarter valued at approximately $308,000. Institutional investors own 99.01% of the company's stock.
MarketAxess Price Performance
NASDAQ MKTX traded down $3.08 during trading on Wednesday, reaching $203.19. 1,821,949 shares of the company's stock were exchanged, compared to its average volume of 479,997. MarketAxess Holdings Inc. has a fifty-two week low of $186.84 and a fifty-two week high of $296.68. The business has a 50 day moving average price of $205.06 and a 200-day moving average price of $235.86. The stock has a market capitalization of $7.66 billion, a P/E ratio of 27.95, a PEG ratio of 3.89 and a beta of 1.12.
MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, beating 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%. On average, analysts forecast 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. Investors of record on Wednesday, February 19th were issued a dividend of $0.76 per share. This is an increase from MarketAxess's previous quarterly dividend of $0.74. The ex-dividend date was Wednesday, February 19th. This represents a $3.04 annualized dividend and a dividend yield of 1.50%. MarketAxess's payout ratio is presently 41.82%.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on MKTX shares. Piper Sandler reduced their price target on MarketAxess from $220.00 to $213.00 and set a "neutral" rating for the company in a research report on Tuesday. UBS Group reduced 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. Barclays lifted their price target on shares of MarketAxess from $225.00 to $232.00 and gave the company an "equal weight" rating in a research note on Monday. Morgan Stanley upgraded shares of MarketAxess from an "equal weight" rating to an "overweight" rating in a research note on Tuesday. Finally, Bank of America lifted their target price on MarketAxess from $189.00 to $191.00 and gave the company an "underperform" rating in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $252.11.
Check Out Our Latest Research 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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