MarketAxess (NASDAQ:MKTX - Free Report) had its target price reduced by The Goldman Sachs Group from $235.00 to $210.00 in a report released on Monday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the financial services provider's stock.
A number of other analysts have also recently commented on the company. Morgan Stanley boosted their price target on MarketAxess from $262.00 to $314.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft boosted their target price on MarketAxess from $258.00 to $264.00 and gave the stock a "hold" rating in a report on Monday, November 11th. UBS Group reduced their price target on MarketAxess from $330.00 to $305.00 and set a "buy" rating for the company in a report on Friday, February 7th. Barclays dropped their price target 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. Finally, Keefe, Bruyette & Woods cut 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 report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, MarketAxess has an average rating of "Hold" and a consensus target price of $254.78.
Check Out Our Latest Research Report on MarketAxess
MarketAxess Trading Down 0.2 %
MKTX traded down $0.34 during trading on Monday, reaching $192.57. The stock had a trading volume of 234,376 shares, compared to its average volume of 531,544. The company has a market capitalization of $7.26 billion, a price-to-earnings ratio of 26.50, a P/E/G ratio of 4.08 and a beta of 1.02. The stock's 50 day moving average is $222.81 and its two-hundred day moving average is $246.46. MarketAxess has a one year low of $188.88 and a one year high of $296.68.
MarketAxess (NASDAQ:MKTX - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate 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 predict that MarketAxess will post 8.05 earnings per share for the current year.
MarketAxess Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Wednesday, February 19th. This is an increase from MarketAxess's previous quarterly dividend of $0.74. MarketAxess's dividend payout ratio (DPR) is presently 40.72%.
Insider Activity
In other news, General Counsel Scott Pintoff sold 300 shares of the firm's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $240.57, for a total value of $72,171.00. Following the transaction, the general counsel now directly owns 8,302 shares in the company, valued at $1,997,212.14. This trade represents a 3.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.66% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of MKTX. Park Avenue Securities LLC purchased a new stake in shares of MarketAxess during the 3rd quarter valued at about $261,000. GAMMA Investing LLC increased its holdings in MarketAxess by 128.2% during the third quarter. GAMMA Investing LLC now owns 502 shares of the financial services provider's stock valued at $129,000 after buying an additional 282 shares during the last quarter. CWM LLC increased its holdings in MarketAxess by 39.5% during the third quarter. CWM LLC now owns 759 shares of the financial services provider's stock valued at $194,000 after buying an additional 215 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its position in MarketAxess by 555.6% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 236 shares of the financial services provider's stock worth $60,000 after acquiring an additional 200 shares during the period. Finally, Gateway Investment Advisers LLC purchased a new position in shares of MarketAxess during the 3rd quarter worth $202,000. Institutional investors own 99.01% of the company's stock.
About MarketAxess
(
Get 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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