MarketAxess Holdings Inc. (NASDAQ:MKTX - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $216.15, but opened at $227.35. MarketAxess shares last traded at $224.73, with a volume of 101,258 shares traded.
Analyst Ratings Changes
A number of equities analysts have issued reports on MKTX shares. Keefe, Bruyette & Woods cut their target price on shares of MarketAxess from $251.00 to $225.00 and set a "market perform" rating on the stock in a report on Friday, February 7th. Bank of America boosted their price objective on MarketAxess from $189.00 to $191.00 and gave the company an "underperform" rating in a research report on Wednesday, April 2nd. Piper Sandler lowered their price objective on MarketAxess from $220.00 to $213.00 and set a "neutral" rating for the company in a research note on Tuesday. The Goldman Sachs Group cut their target price on MarketAxess from $235.00 to $210.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. Finally, UBS Group lowered their price target on shares of MarketAxess from $305.00 to $295.00 and set a "buy" rating for the company in a research report on Monday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, MarketAxess has a consensus rating of "Hold" and a consensus target price of $252.11.
Check Out Our Latest Report on MarketAxess
MarketAxess Trading Down 1.5 %
The stock has a market cap of $7.66 billion, a P/E ratio of 27.95, a price-to-earnings-growth ratio of 3.89 and a beta of 1.12. The stock's 50-day moving average is $205.70 and its 200-day moving average is $236.47.
MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its quarterly earnings data 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 net margin of 33.56% and a return on equity of 20.23%. On average, equities analysts forecast that MarketAxess Holdings Inc. will post 7.79 EPS for the current year.
MarketAxess Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date was Wednesday, February 19th. This is an increase from MarketAxess's previous quarterly dividend of $0.74. MarketAxess's payout ratio is currently 41.82%.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Global X Japan Co. Ltd. lifted its holdings in MarketAxess by 179.5% in the 4th 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. Allianz SE bought a new stake in shares of MarketAxess in the 4th quarter worth approximately $27,000. Smartleaf Asset Management LLC lifted its stake 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 during the last quarter. SRS Capital Advisors Inc. boosted its holdings in MarketAxess by 13,900.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock worth $32,000 after buying an additional 139 shares in the last quarter. Finally, Huntington National Bank grew its position in MarketAxess by 185.7% in the fourth quarter. Huntington National Bank now owns 160 shares of the financial services provider's stock worth $36,000 after buying an additional 104 shares during the last quarter. 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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