35,878 Shares in MarketAxess Holdings Inc. (NASDAQ:MKTX) Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC acquired a new stake in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 35,878 shares of the financial services provider's stock, valued at approximately $7,866,000. Kingsview Wealth Management LLC owned 0.10% of MarketAxess at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in MarketAxess by 9.6% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 41,191 shares of the financial services provider's stock worth $9,031,000 after purchasing an additional 3,603 shares during the period. Entropy Technologies LP purchased a new stake in MarketAxess during the first quarter worth about $882,000. Motley Fool Asset Management LLC purchased a new stake in MarketAxess during the first quarter worth about $517,000. ProShare Advisors LLC increased its stake in MarketAxess by 48.4% during the first quarter. ProShare Advisors LLC now owns 11,615 shares of the financial services provider's stock worth $2,547,000 after purchasing an additional 3,787 shares during the period. Finally, Inspire Investing LLC grew its position in shares of MarketAxess by 20.7% during the first quarter. Inspire Investing LLC now owns 6,874 shares of the financial services provider's stock worth $1,507,000 after buying an additional 1,179 shares in the last quarter. 99.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Stephen P. Casper sold 500 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was 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 directly owns 10,201 shares of the company's stock, valued at $2,034,895.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.66% of the company's stock.

MarketAxess Price Performance

Shares of MKTX stock traded down $2.13 during trading hours on Friday, hitting $219.16. The stock had a trading volume of 486,557 shares, compared to its average volume of 428,650. The firm has a market capitalization of $8.31 billion, a PE ratio of 32.18, a PEG ratio of 5.95 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. The stock's 50 day moving average is $205.38 and its 200 day moving average is $219.89.

MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $1.92 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 20.82% and a net margin of 33.83%. The company's revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.96 earnings per share. As a group, equities analysts predict that MarketAxess Holdings Inc. will post 7.01 earnings per share for the current year.

MarketAxess Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd were issued a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Tuesday, May 21st. MarketAxess's payout ratio is currently 43.47%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Keefe, Bruyette & Woods lowered their price objective on MarketAxess from $235.00 to $230.00 and set a "market perform" rating for the company in a research report on Wednesday, May 8th. StockNews.com raised MarketAxess from a "sell" rating to a "hold" rating in a research report on Tuesday. Barclays lowered their price objective on MarketAxess from $225.00 to $215.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 10th. UBS Group lowered their price objective on MarketAxess from $305.00 to $285.00 and set a "buy" rating for the company in a research report on Wednesday, May 8th. Finally, Bank of America assumed coverage on MarketAxess in a research report on Wednesday, April 10th. They set an "underperform" rating and a $199.00 price objective for the company. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $241.00.

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.