MarketAxess Holdings Inc. (NASDAQ:MKTX) Stock Holdings Decreased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lowered its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 68.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,168 shares of the financial services provider's stock after selling 9,203 shares during the period. Daiwa Securities Group Inc.'s holdings in MarketAxess were worth $914,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of MKTX. Allworth Financial LP increased its position in shares of MarketAxess by 347.6% in the 4th quarter. Allworth Financial LP now owns 94 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 73 shares during the period. Parallel Advisors LLC increased its position in shares of MarketAxess by 155.8% in the 4th quarter. Parallel Advisors LLC now owns 110 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 67 shares during the period. Gladius Capital Management LP increased its position in shares of MarketAxess by 39.6% in the 3rd quarter. Gladius Capital Management LP now owns 134 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 38 shares during the period. Massmutual Trust Co. FSB ADV increased its position in shares of MarketAxess by 47.3% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 134 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 43 shares during the period. Finally, Venturi Wealth Management LLC grew its position in MarketAxess by 1,030.8% during the 1st quarter. Venturi Wealth Management LLC now owns 147 shares of the financial services provider's stock worth $32,000 after purchasing an additional 134 shares during the period. Hedge funds and other institutional investors own 99.01% of the company's stock.

Insider Transactions at MarketAxess

In related news, Director Stephen P. Casper sold 500 shares of MarketAxess stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $199.48, for a total value of $99,740.00. Following the completion of the sale, the director now owns 10,201 shares in the company, valued at approximately $2,034,895.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.66% of the company's stock.

MarketAxess Stock Performance

Shares of NASDAQ MKTX traded up $6.99 during midday trading on Thursday, reaching $213.93. 375,628 shares of the stock were exchanged, compared to its average volume of 430,394. The company has a 50 day simple moving average of $203.47 and a 200 day simple moving average of $222.93. The stock has a market capitalization of $8.11 billion, a P/E ratio of 31.41, a PEG ratio of 5.16 and a beta of 1.03. MarketAxess Holdings Inc. has a twelve month low of $192.42 and a twelve month high of $297.97.

MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.85 by $0.07. The business had revenue of $210.30 million during the quarter, compared to the consensus estimate of $212.99 million. MarketAxess had a net margin of 33.83% and a return on equity of 20.82%. The business's revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.96 EPS. On average, research analysts expect that MarketAxess Holdings Inc. will post 7.11 earnings per share for the current year.

MarketAxess Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd were issued a dividend of $0.74 per share. The ex-dividend date was Tuesday, May 21st. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.38%. MarketAxess's dividend payout ratio is currently 43.47%.

Wall Street Analysts Forecast Growth

MKTX has been the topic of several analyst reports. UBS Group cut their price target on MarketAxess from $305.00 to $285.00 and set a "buy" rating on the stock in a research report on Wednesday, May 8th. Keefe, Bruyette & Woods lowered their target price on shares of MarketAxess from $235.00 to $230.00 and set a "market perform" rating on the stock in a research note on Wednesday, May 8th. Piper Sandler lowered their target price on shares of MarketAxess from $230.00 to $225.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 3rd. StockNews.com lowered shares of MarketAxess from a "hold" rating to a "sell" rating in a research note on Monday. Finally, Morgan Stanley raised their price target on shares of MarketAxess from $278.00 to $279.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 9th. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $247.73.

MarketAxess Profile

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.