Russell Investments Group Ltd. boosted its position in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 21.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,856 shares of the financial services provider's stock after acquiring an additional 4,447 shares during the quarter. Russell Investments Group Ltd. owned 0.07% of MarketAxess worth $5,616,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. V Square Quantitative Management LLC boosted its position in MarketAxess by 4.0% during the 4th quarter. V Square Quantitative Management LLC now owns 1,340 shares of the financial services provider's stock worth $303,000 after buying an additional 52 shares during the period. M&T Bank Corp increased its position in MarketAxess by 4.0% during the 3rd quarter. M&T Bank Corp now owns 1,469 shares of the financial services provider's stock valued at $376,000 after purchasing an additional 56 shares during the period. Versor Investments LP raised its stake in MarketAxess by 6.3% during the fourth quarter. Versor Investments LP now owns 1,102 shares of the financial services provider's stock worth $249,000 after buying an additional 65 shares during the last quarter. Global X Japan Co. Ltd. grew its holdings 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 acquiring an additional 70 shares during the period. Finally, Fifth Third Bancorp grew its stake in MarketAxess by 2.6% during the fourth quarter. Fifth Third Bancorp now owns 2,979 shares of the financial services provider's stock worth $673,000 after purchasing an additional 75 shares during the period. Institutional investors own 99.01% of the company's stock.
Analysts Set New Price Targets
MKTX has been the topic of a number of research analyst reports. Bank of America increased their price objective on shares of MarketAxess from $189.00 to $191.00 and gave the stock an "underperform" rating in a research report on Wednesday, April 2nd. UBS Group cut their price objective on shares of MarketAxess from $305.00 to $295.00 and set a "buy" rating for the company in a report on Monday, April 7th. Keefe, Bruyette & Woods cut their price target on MarketAxess from $251.00 to $225.00 and set a "market perform" rating for the company in a report on Friday, February 7th. Piper Sandler decreased their price target on MarketAxess from $220.00 to $213.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, William Blair started coverage on shares of MarketAxess in a research note on Friday, April 4th. They set an "outperform" rating for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, MarketAxess has a consensus rating of "Hold" and a consensus price target of $252.11.
Check Out Our Latest Research Report on MKTX
MarketAxess Stock Performance
Shares of MarketAxess stock traded up $2.43 during midday trading on Friday, reaching $225.16. 351,905 shares of the company's stock traded hands, compared to its average volume of 486,004. MarketAxess Holdings Inc. has a 12 month low of $186.84 and a 12 month high of $296.68. The stock has a 50 day moving average of $206.94 and a 200-day moving average of $234.55. The company has a market cap of $8.49 billion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 3.89 and a beta of 1.12.
MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its quarterly 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 anticipate that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.
MarketAxess Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th were issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 1.35%. This is a boost from MarketAxess's previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Wednesday, February 19th. MarketAxess's dividend payout ratio is presently 41.82%.
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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