Quantbot Technologies LP Takes $3.21 Million Position in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Quantbot Technologies LP bought a new position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 14,199 shares of the financial services provider's stock, valued at approximately $3,210,000.

Several other institutional investors also recently modified their holdings of the company. Global X Japan Co. Ltd. raised its position in shares of MarketAxess by 179.5% in the fourth quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 70 shares during the period. Smartleaf Asset Management LLC raised its stake in MarketAxess by 495.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock worth $28,000 after purchasing an additional 104 shares in the last quarter. SRS Capital Advisors Inc. boosted its holdings 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 period. Park Place Capital Corp acquired a new position in shares of MarketAxess during the 4th quarter worth approximately $44,000. Finally, R Squared Ltd acquired a new stake in shares of MarketAxess in the fourth quarter valued at approximately $47,000. 99.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MKTX has been the subject of a number of recent analyst reports. The Goldman Sachs Group cut their target price on MarketAxess from $235.00 to $210.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. UBS Group lowered their price objective on shares of MarketAxess from $330.00 to $305.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Piper Sandler dropped their price objective on 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 price target on shares of MarketAxess from $251.00 to $225.00 and set a "market perform" rating on the stock in a research note on Friday, February 7th. Finally, Barclays decreased their target price on shares of MarketAxess from $256.00 to $225.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, MarketAxess has an average rating of "Hold" and an average price target of $254.78.

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MarketAxess Stock Performance

Shares of MKTX stock traded up $4.13 on Thursday, hitting $219.01. The company had a trading volume of 473,832 shares, compared to its average volume of 442,224. MarketAxess Holdings Inc. has a twelve month low of $186.84 and a twelve month high of $296.68. The firm has a market cap of $8.26 billion, a P/E ratio of 30.13, a P/E/G ratio of 3.89 and a beta of 1.05. The stock's 50-day moving average is $207.70 and its two-hundred day moving average is $239.62.

MarketAxess (NASDAQ:MKTX - Get Free Report) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.03. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. Equities research 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. Investors of record on Wednesday, February 19th were paid a dividend of $0.76 per share. The ex-dividend date was Wednesday, February 19th. This is a positive change from MarketAxess's previous quarterly dividend of $0.74. This represents a $3.04 annualized dividend and a yield of 1.39%. MarketAxess's dividend payout ratio is currently 41.82%.

About MarketAxess

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.