2,383 Shares in MarketAxess Holdings Inc. (NASDAQ:MKTX) Acquired by Norden Group LLC

Norden Group LLC bought a new stake in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,383 shares of the financial services provider's stock, valued at approximately $539,000.

Several other hedge funds also recently modified their holdings of the company. Van ECK Associates Corp grew its holdings in MarketAxess by 13.4% in the fourth quarter. Van ECK Associates Corp now owns 2,000,736 shares of the financial services provider's stock valued at $452,246,000 after purchasing an additional 236,497 shares during the period. FMR LLC raised its position in shares of MarketAxess by 17.5% in the 3rd quarter. FMR LLC now owns 1,959,043 shares of the financial services provider's stock worth $501,907,000 after buying an additional 291,134 shares during the period. Primecap Management Co. CA raised its position in shares of MarketAxess by 0.6% in the 3rd quarter. Primecap Management Co. CA now owns 1,338,922 shares of the financial services provider's stock worth $343,032,000 after buying an additional 8,042 shares during the period. Geode Capital Management LLC boosted its holdings in MarketAxess by 14.9% in the third quarter. Geode Capital Management LLC now owns 1,076,877 shares of the financial services provider's stock valued at $275,122,000 after acquiring an additional 139,949 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in MarketAxess by 2.6% during the fourth quarter. Bank of New York Mellon Corp now owns 440,934 shares of the financial services provider's stock valued at $99,669,000 after acquiring an additional 11,291 shares during the period. 99.01% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at MarketAxess

In other MarketAxess news, General Counsel Scott Pintoff sold 300 shares of the company's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $240.57, for a total transaction of $72,171.00. Following the sale, the general counsel now owns 8,302 shares in the company, valued at $1,997,212.14. This represents a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.66% of the company's stock.

MarketAxess Trading Up 1.4 %

NASDAQ:MKTX traded up $2.79 on Friday, reaching $208.94. The stock had a trading volume of 920,635 shares, compared to its average volume of 703,635. The company has a 50-day moving average of $210.04 and a 200 day moving average of $242.26. The stock has a market cap of $7.88 billion, a P/E ratio of 28.74, a price-to-earnings-growth ratio of 3.89 and a beta of 1.05. MarketAxess Holdings Inc. has a 12-month low of $186.84 and a 12-month high of $296.68.

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, topping the consensus estimate of $1.70 by $0.03. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. On average, equities analysts predict that MarketAxess Holdings Inc. will post 7.79 EPS for the current year.

MarketAxess Increases Dividend

The business also recently announced 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 1.45%. The ex-dividend date was Wednesday, February 19th. This is a positive change from MarketAxess's previous quarterly dividend of $0.74. MarketAxess's dividend payout ratio is 41.82%.

Analyst Ratings Changes

MKTX has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on MarketAxess from $258.00 to $264.00 and gave the company a "hold" rating in a research note on Monday, November 11th. The Goldman Sachs Group reduced their price target on shares of MarketAxess from $235.00 to $210.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Piper Sandler dropped their price objective on shares of MarketAxess from $265.00 to $240.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods reduced 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. Finally, Barclays decreased their price target on shares of MarketAxess from $256.00 to $225.00 and set an "equal weight" rating for the company 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's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $254.78.

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.