Prudential Financial Inc. trimmed its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 10.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,439 shares of the financial services provider's stock after selling 3,461 shares during the period. Prudential Financial Inc. owned approximately 0.08% of MarketAxess worth $6,654,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Global X Japan Co. Ltd. grew its stake in MarketAxess by 179.5% during the 4th quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock worth $25,000 after buying an additional 70 shares during the last quarter. Smartleaf Asset Management LLC raised its position in MarketAxess by 495.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 104 shares during the last quarter. SRS Capital Advisors Inc. raised its position in MarketAxess by 13,900.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 139 shares during the last quarter. Park Place Capital Corp purchased a new position in MarketAxess during the 4th quarter worth $44,000. Finally, R Squared Ltd acquired a new position in MarketAxess in the fourth quarter valued at $47,000. 99.01% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
MKTX has been the topic of a number of analyst reports. Piper Sandler lowered their price objective on shares of MarketAxess from $265.00 to $240.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Bank of America lifted their price target on shares of MarketAxess from $189.00 to $191.00 and gave the company an "underperform" rating in a research report on Wednesday. UBS Group lowered their price objective on shares of 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 cut their price objective on shares of MarketAxess from $235.00 to $210.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of MarketAxess from $251.00 to $225.00 and set a "market perform" rating for the company in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $255.44.
View Our Latest Analysis on MKTX
MarketAxess Price Performance
Shares of MKTX traded down $5.09 during trading hours on Wednesday, hitting $210.83. 614,882 shares of the company were exchanged, compared to its average volume of 463,343. The firm has a fifty day simple moving average of $207.37 and a 200-day simple moving average of $238.37. The company has a market capitalization of $7.95 billion, a PE ratio of 29.00, a PEG ratio of 3.89 and a beta of 1.05. MarketAxess Holdings Inc. has a one year low of $186.84 and a one year high of $296.68.
MarketAxess (NASDAQ:MKTX - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share (EPS) 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%. Sell-side analysts expect that MarketAxess Holdings Inc. will post 7.79 EPS for the current year.
MarketAxess Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th were given a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Wednesday, February 19th. This is a boost from MarketAxess's previous quarterly dividend of $0.74. MarketAxess's dividend payout ratio (DPR) is 41.82%.
About MarketAxess
(
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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