1,630 Shares in MarketAxess Holdings Inc. (NASDAQ:MKTX) Purchased by Stevens Capital Management LP

Stevens Capital Management LP bought a new position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,630 shares of the financial services provider's stock, valued at approximately $368,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. First Hawaiian Bank purchased a new stake in shares of MarketAxess in the fourth quarter worth $1,088,000. Charles Schwab Investment Management Inc. increased its stake in MarketAxess by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 363,224 shares of the financial services provider's stock worth $82,103,000 after acquiring an additional 5,153 shares during the last quarter. Keybank National Association OH raised its holdings in shares of MarketAxess by 18.2% in the 4th quarter. Keybank National Association OH now owns 8,149 shares of the financial services provider's stock valued at $1,842,000 after acquiring an additional 1,256 shares in the last quarter. Norden Group LLC bought a new stake in shares of MarketAxess during the 4th quarter valued at about $539,000. Finally, Raymond James Financial Inc. purchased a new position in shares of MarketAxess during the fourth quarter worth about $46,079,000. 99.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. UBS Group dropped their target price 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. Keefe, Bruyette & Woods dropped their price objective on shares of MarketAxess from $251.00 to $225.00 and set a "market perform" rating for the company in a report on Friday, February 7th. Barclays reduced their target price on MarketAxess from $256.00 to $225.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. Piper Sandler dropped their price target 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, The Goldman Sachs Group cut their price objective on MarketAxess from $235.00 to $210.00 and set a "neutral" rating for the company in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $254.78.

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MarketAxess Trading Down 1.0 %

Shares of NASDAQ:MKTX traded down $2.26 on Friday, reaching $216.75. 365,011 shares of the company traded hands, compared to its average volume of 460,718. The stock has a market capitalization of $8.17 billion, a P/E ratio of 29.81, a price-to-earnings-growth ratio of 3.89 and a beta of 1.05. The business's 50-day simple moving average is $207.57 and its 200 day simple moving average is $239.19. MarketAxess Holdings Inc. has a 52 week low of $186.84 and a 52 week high of $296.68.

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%. Sell-side analysts expect that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.

MarketAxess Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 19th were paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 1.40%. This is an increase from MarketAxess's previous quarterly dividend of $0.74. The ex-dividend date was Wednesday, February 19th. MarketAxess's payout ratio is presently 41.82%.

MarketAxess 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.