Representative Julie Johnson (D-Texas) recently bought shares of MarketAxess Holdings Inc. NASDAQ: MKTX. In a filing disclosed on February 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in MarketAxess stock on January 15th. The trade occurred in the Representative's "MERRILL LYNCH TAX EFFICIENT CORE" account.
Representative Julie Johnson also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Dell Technologies NYSE: DELL on 1/28/2025.
- Sold $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 1/28/2025.
- Sold $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 1/28/2025.
- Sold $1,001 - $15,000 in shares of ALLETE NYSE: ALE on 1/28/2025.
- Sold $1,001 - $15,000 in shares of PPG Industries NYSE: PPG on 1/27/2025.
- Purchased $1,001 - $15,000 in shares of Progressive NYSE: PGR on 1/24/2025.
- Purchased $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 1/24/2025.
- Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 1/24/2025.
- Sold $1,001 - $15,000 in shares of Morgan Stanley NYSE: MS on 1/24/2025.
- Purchased $1,001 - $15,000 in shares of Merck & Co., Inc. NYSE: MRK on 1/17/2025.
MarketAxess Trading Up 0.3 %
Shares of MarketAxess stock traded up $0.60 during trading on Tuesday, reaching $194.09. The stock had a trading volume of 475,712 shares, compared to its average volume of 540,113. The company has a market capitalization of $7.32 billion, a price-to-earnings ratio of 26.70, a P/E/G ratio of 4.08 and a beta of 1.02. The stock has a fifty day moving average price of $219.88 and a two-hundred day moving average price of $245.98. MarketAxess Holdings Inc. has a 52 week low of $188.88 and a 52 week high of $296.68.
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, 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 forecast that MarketAxess Holdings Inc. will post 8.05 EPS for the current fiscal year.
MarketAxess Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 19th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 1.57%. This is a boost from MarketAxess's previous quarterly dividend of $0.74. The ex-dividend date is Wednesday, February 19th. MarketAxess's payout ratio is presently 40.72%.
Insider Activity at MarketAxess
In related news, General Counsel Scott Pintoff sold 300 shares of the company's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $240.57, for a total value of $72,171.00. Following the completion of the transaction, the general counsel now directly owns 8,302 shares in the company, valued at approximately $1,997,212.14. The trade was a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.66% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
MKTX has been the topic of several research analyst reports. The Goldman Sachs Group dropped their price objective on MarketAxess from $235.00 to $210.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft increased their price target on MarketAxess from $258.00 to $264.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods cut 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. Piper Sandler cut 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. Finally, Barclays dropped their price target on MarketAxess from $256.00 to $225.00 and set an "equal weight" rating for the company in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $254.78.
Check Out Our Latest Stock Analysis on MarketAxess
Hedge Funds Weigh In On MarketAxess
Hedge funds have recently added to or reduced their stakes in the stock. Accent Capital Management LLC bought a new position in shares of MarketAxess during the 3rd quarter worth approximately $25,000. Global X Japan Co. Ltd. raised its holdings in shares of MarketAxess by 179.5% in the 4th quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock worth $25,000 after purchasing an additional 70 shares during the period. Allianz SE purchased a new position in MarketAxess in the 4th quarter valued at approximately $27,000. Smartleaf Asset Management LLC grew 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 valued at $28,000 after buying an additional 104 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its stake 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 buying an additional 139 shares in the last quarter. Institutional investors and hedge funds own 99.01% of the company's stock.
About Representative Johnson
Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas' 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.
Johnson (Democratic Party) ran for election to the U.S. House to represent Texas' 32nd Congressional District. She won in the general election on November 5, 2024.
Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson's career experience includes working as an attorney.
MarketAxess Company Profile
(
Get 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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