MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Sold by Polen Capital Management LLC

Polen Capital Management LLC trimmed its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 49.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,357 shares of the financial services provider's stock after selling 4,312 shares during the quarter. Polen Capital Management LLC's holdings in MarketAxess were worth $985,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. First Hawaiian Bank purchased a new stake in shares of MarketAxess in the fourth quarter valued at $1,088,000. Charles Schwab Investment Management Inc. lifted its position in shares of MarketAxess by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 363,224 shares of the financial services provider's stock valued at $82,103,000 after acquiring an additional 5,153 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of MarketAxess in the third quarter valued at $1,966,000. Keybank National Association OH lifted its position in shares of MarketAxess by 18.2% in the fourth quarter. Keybank National Association OH now owns 8,149 shares of the financial services provider's stock valued at $1,842,000 after acquiring an additional 1,256 shares in the last quarter. Finally, Norden Group LLC purchased a new stake in shares of MarketAxess in the fourth quarter valued at $539,000. 99.01% of the stock is currently owned by hedge funds and other institutional investors.

MarketAxess Trading Up 0.5 %

NASDAQ:MKTX traded up $1.07 on Thursday, hitting $217.82. 327,063 shares of the stock were exchanged, compared to its average volume of 438,486. The stock has a market cap of $8.21 billion, a PE ratio of 29.96, a PEG ratio of 3.89 and a beta of 1.05. The stock has a fifty day moving average of $207.93 and a 200-day moving average of $240.78. MarketAxess Holdings Inc. has a fifty-two week low of $186.84 and a fifty-two week high of $296.68.

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MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.73 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%. As a group, analysts predict that MarketAxess Holdings Inc. will post 7.79 earnings per share 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. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.40%. This is a positive change from MarketAxess's previous quarterly dividend of $0.74. MarketAxess's dividend payout ratio (DPR) is 41.82%.

Analyst Ratings Changes

Several analysts have recently issued reports on MKTX shares. Barclays reduced their price objective on MarketAxess from $256.00 to $225.00 and set an "equal weight" rating on the stock in a research report on Friday, February 7th. The Goldman Sachs Group reduced their price objective on 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 target price on MarketAxess from $265.00 to $240.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods dropped their target price on MarketAxess from $251.00 to $225.00 and set a "market perform" rating for the company in a research note on Friday, February 7th. Finally, UBS Group dropped their target price on MarketAxess from $330.00 to $305.00 and set a "buy" rating for the company in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, MarketAxess presently has a consensus rating of "Hold" and an average price target of $254.78.

MarketAxess Company 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.