Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 8.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,653 shares of the financial services provider's stock after buying an additional 4,600 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.16% of MarketAxess worth $13,510,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in MarketAxess by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 4,434,946 shares of the financial services provider's stock valued at $1,002,475,000 after buying an additional 90,805 shares in the last quarter. Van ECK Associates Corp increased its holdings 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 worth $452,246,000 after purchasing an additional 236,497 shares in the last quarter. Primecap Management Co. CA boosted its position in MarketAxess by 2.3% during the 4th quarter. Primecap Management Co. CA now owns 1,369,102 shares of the financial services provider's stock worth $309,472,000 after buying an additional 30,180 shares during the period. Geode Capital Management LLC grew its holdings in MarketAxess by 14.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,076,877 shares of the financial services provider's stock worth $275,122,000 after acquiring an additional 139,949 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in MarketAxess by 2.6% during the 4th quarter. Bank of New York Mellon Corp now owns 440,934 shares of the financial services provider's stock worth $99,669,000 after acquiring an additional 11,291 shares during the last quarter. Institutional investors own 99.01% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have recently commented on MKTX. Barclays cut their price target on shares of MarketAxess from $256.00 to $225.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. Bank of America lifted their target price on MarketAxess from $189.00 to $191.00 and gave the stock an "underperform" rating in a report on Wednesday. Piper Sandler decreased their price target on MarketAxess from $265.00 to $240.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. The Goldman Sachs Group lowered their price objective on MarketAxess from $235.00 to $210.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. Finally, UBS Group cut their price objective on MarketAxess from $330.00 to $305.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, MarketAxess currently has an average rating of "Hold" and a consensus price target of $255.44.
Check Out Our Latest Stock Report on MarketAxess
MarketAxess Stock Down 1.5 %
MKTX traded down $3.21 during trading on Friday, hitting $212.94. The company's stock had a trading volume of 1,502,692 shares, compared to its average volume of 470,380. The firm has a market capitalization of $8.03 billion, a P/E ratio of 29.29, a PEG ratio of 3.89 and a beta of 1.12. MarketAxess Holdings Inc. has a twelve month low of $186.84 and a twelve month high of $296.68. The stock's fifty day moving average price is $206.64 and its 200-day moving average price is $237.56.
MarketAxess (NASDAQ:MKTX - Get Free Report) last released 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%. Equities research analysts expect that MarketAxess Holdings Inc. will post 7.79 EPS 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 given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 1.43%. This is a positive change from MarketAxess's previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Wednesday, February 19th. MarketAxess's payout ratio is presently 41.82%.
About MarketAxess
(
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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