Robeco Institutional Asset Management B.V. Has $8.81 Million Stock Holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Robeco Institutional Asset Management B.V. trimmed its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 24.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,376 shares of the financial services provider's stock after selling 10,903 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.09% of MarketAxess worth $8,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in MKTX. Goodman Advisory Group LLC bought a new position in MarketAxess in the 2nd quarter worth approximately $27,000. Larson Financial Group LLC raised its position in shares of MarketAxess by 2,428.6% during the first quarter. Larson Financial Group LLC now owns 177 shares of the financial services provider's stock valued at $39,000 after buying an additional 170 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of MarketAxess by 405.1% in the second quarter. Blue Trust Inc. now owns 197 shares of the financial services provider's stock valued at $43,000 after buying an additional 158 shares during the period. Exchange Traded Concepts LLC acquired a new stake in MarketAxess during the third quarter worth about $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its holdings in MarketAxess by 555.6% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 236 shares of the financial services provider's stock valued at $60,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 99.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Citigroup boosted their price objective on MarketAxess from $310.00 to $325.00 and gave the company a "buy" rating in a research report on Friday, October 4th. Bank of America dropped their price objective on shares of MarketAxess from $193.00 to $185.00 and set an "underperform" rating for the company in a research note on Thursday, October 3rd. UBS Group upped their target price on shares of MarketAxess from $330.00 to $335.00 and gave the company a "buy" rating in a research note on Thursday. Barclays lifted their price objective on MarketAxess from $237.00 to $268.00 and gave the company an "equal weight" rating in a report on Monday, October 7th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on MarketAxess from $218.00 to $223.00 and gave the stock a "hold" rating in a report on Thursday, August 15th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $263.40.

MarketAxess Trading Up 0.7 %

NASDAQ MKTX traded up $1.88 during trading hours on Friday, hitting $276.29. The company's stock had a trading volume of 185,190 shares, compared to its average volume of 407,849. The stock has a fifty day moving average of $269.85 and a 200 day moving average of $232.80. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.01. MarketAxess Holdings Inc. has a twelve month low of $192.42 and a twelve month high of $297.97. The firm has a market capitalization of $10.43 billion, a P/E ratio of 39.54, a PEG ratio of 9.04 and a beta of 1.05.

MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.90 EPS for the quarter, topping analysts' consensus estimates of $1.82 by $0.08. The business had revenue of $206.70 million during the quarter, compared to analysts' expectations of $207.17 million. MarketAxess had a return on equity of 20.43% and a net margin of 33.71%. The firm's quarterly revenue was up 20.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.46 earnings per share. Equities research analysts forecast that MarketAxess Holdings Inc. will post 7.26 earnings per share for the current fiscal year.

MarketAxess declared that its board has authorized a stock buyback program on Tuesday, August 6th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 2.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's leadership believes its shares are undervalued.

MarketAxess Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be issued a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Wednesday, November 20th. MarketAxess's payout ratio is 42.65%.

MarketAxess Company Profile

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.