Primecap Management Co. CA lifted its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,369,102 shares of the financial services provider's stock after buying an additional 30,180 shares during the quarter. Primecap Management Co. CA owned about 3.63% of MarketAxess worth $309,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently bought and sold shares of the stock. Assetmark Inc. grew its holdings in shares of MarketAxess by 160.3% during the 3rd quarter. Assetmark Inc. now owns 380 shares of the financial services provider's stock worth $97,000 after acquiring an additional 234 shares during the period. Metis Global Partners LLC boosted its position in shares of MarketAxess by 6.5% during the third quarter. Metis Global Partners LLC now owns 2,192 shares of the financial services provider's stock valued at $562,000 after purchasing an additional 133 shares in the last quarter. CIBC Asset Management Inc raised its holdings in MarketAxess by 7.7% in the third quarter. CIBC Asset Management Inc now owns 5,240 shares of the financial services provider's stock worth $1,342,000 after purchasing an additional 376 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in MarketAxess by 901.5% during the third quarter. Thrivent Financial for Lutherans now owns 16,014 shares of the financial services provider's stock valued at $4,103,000 after buying an additional 14,415 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of MarketAxess during the 3rd quarter valued at $1,966,000. 99.01% of the stock is owned by institutional investors.
MarketAxess Stock Performance
Shares of MKTX traded down $0.95 during mid-day trading on Friday, hitting $216.87. 796,982 shares of the company traded hands, compared to its average volume of 440,613. MarketAxess Holdings Inc. has a 1 year low of $186.84 and a 1 year high of $296.68. The stock has a 50-day moving average price of $207.90 and a two-hundred day moving average price of $240.62. The stock has a market cap of $8.17 billion, a price-to-earnings ratio of 29.83, a P/E/G ratio of 3.89 and a beta of 1.05.
MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share 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%. On average, analysts forecast that MarketAxess Holdings Inc. will post 7.79 EPS for the current year.
MarketAxess Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 19th were given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 1.40%. This is a boost from MarketAxess's previous quarterly dividend of $0.74. The ex-dividend date was Wednesday, February 19th. MarketAxess's dividend payout ratio (DPR) is presently 41.82%.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the stock. Barclays lowered 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. UBS Group cut their price target on MarketAxess from $330.00 to $305.00 and set a "buy" rating on the stock in a research note on Friday, February 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 note on Monday, February 10th. Keefe, Bruyette & Woods dropped their target price on MarketAxess from $251.00 to $225.00 and set a "market perform" rating on the stock in a report on Friday, February 7th. Finally, Piper Sandler reduced their price target on MarketAxess from $265.00 to $240.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. One equities research 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. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $254.78.
Get Our Latest Stock Analysis on MKTX
MarketAxess Company Profile
(
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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