Resona Asset Management Co. Ltd. bought a new stake in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 11,497 shares of the financial services provider's stock, valued at approximately $2,603,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Global X Japan Co. Ltd. raised its holdings in shares of 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 acquiring an additional 70 shares during the period. Allianz SE purchased a new position in MarketAxess during the fourth quarter worth about $27,000. Smartleaf Asset Management LLC raised its stake in MarketAxess by 495.2% during the fourth 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 during the period. SRS Capital Advisors Inc. grew its stake in shares of 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 during the period. Finally, Huntington National Bank increased its holdings in shares of MarketAxess by 185.7% during the 4th quarter. Huntington National Bank now owns 160 shares of the financial services provider's stock worth $36,000 after buying an additional 104 shares during the last quarter. 99.01% of the stock is owned by hedge funds and other institutional investors.
MarketAxess Price Performance
Shares of MarketAxess stock traded up $2.83 during trading on Tuesday, hitting $225.25. 159,890 shares of the stock were exchanged, compared to its average volume of 484,737. The stock has a market cap of $8.49 billion, a price-to-earnings ratio of 30.99, a price-to-earnings-growth ratio of 3.89 and a beta of 1.12. The firm's 50-day moving average price is $205.48 and its 200 day moving average price is $234.93. MarketAxess Holdings Inc. has a 12-month low of $186.84 and a 12-month high of $296.68.
MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, research analysts forecast that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.
MarketAxess Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 19th were paid a $0.76 dividend. 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 1.35%. The ex-dividend date was Wednesday, February 19th. MarketAxess's dividend payout ratio is currently 41.82%.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on MKTX shares. Morgan Stanley upgraded MarketAxess from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods dropped their price objective 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. Barclays raised their target price on MarketAxess from $225.00 to $232.00 and gave the company an "equal weight" rating in a report on Monday, April 7th. William Blair started coverage on shares of MarketAxess in a research note on Friday, April 4th. They set an "outperform" rating on the stock. Finally, Piper Sandler lowered their price objective on shares of MarketAxess from $220.00 to $213.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $252.11.
View Our Latest Stock Report on MKTX
MarketAxess 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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