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Thrivent Financial for Lutherans Has $4.10 Million Holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX)

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Thrivent Financial for Lutherans increased its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 901.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,014 shares of the financial services provider's stock after acquiring an additional 14,415 shares during the period. Thrivent Financial for Lutherans' holdings in MarketAxess were worth $4,103,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in MKTX. Accent Capital Management LLC purchased a new stake in shares of MarketAxess during the third quarter valued at $25,000. Goodman Advisory Group LLC acquired a new position in shares of MarketAxess in the second quarter worth about $27,000. Blue Trust Inc. increased its position 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 worth $43,000 after acquiring an additional 158 shares in the last quarter. CVA Family Office LLC lifted its position in shares of MarketAxess by 47.4% in the 2nd quarter. CVA Family Office LLC now owns 252 shares of the financial services provider's stock valued at $51,000 after acquiring an additional 81 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in MarketAxess in the 3rd quarter worth approximately $54,000. Institutional investors and hedge funds own 99.01% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on MKTX shares. Keefe, Bruyette & Woods boosted their target price on shares of MarketAxess from $270.00 to $276.00 and gave the company a "market perform" rating in a research note on Thursday, November 7th. StockNews.com raised MarketAxess from a "sell" rating to a "hold" rating in a research note on Wednesday, August 7th. The Goldman Sachs Group increased their price target on shares of MarketAxess from $204.00 to $233.00 and gave the stock a "neutral" rating in a research report on Monday, September 30th. UBS Group upped their price objective on shares of MarketAxess from $330.00 to $335.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Finally, Bank of America decreased their target price 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $267.50.

Read Our Latest Stock Analysis on MarketAxess

Insider Buying and Selling

In other MarketAxess news, Chairman Richard M. Mcvey sold 10,000 shares of the firm's stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $267.67, for a total transaction of $2,676,700.00. Following the completion of the transaction, the chairman now owns 562,029 shares in the company, valued at $150,438,302.43. This trade represents a 1.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.66% of the stock is owned by company insiders.

MarketAxess Trading Up 1.3 %

NASDAQ:MKTX traded up $3.45 during mid-day trading on Monday, hitting $263.80. 608,573 shares of the company's stock traded hands, compared to its average volume of 406,653. The firm has a 50 day moving average of $273.23 and a two-hundred day moving average of $238.10. The firm has a market capitalization of $9.95 billion, a price-to-earnings ratio of 35.75, a price-to-earnings-growth ratio of 11.69 and a beta of 1.05. MarketAxess Holdings Inc. has a 12 month low of $192.42 and a 12 month high of $297.97.

MarketAxess (NASDAQ:MKTX - Get Free Report) last released its earnings results on Wednesday, November 6th. The financial services provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.85 by $0.05. MarketAxess had a net margin of 34.32% and a return on equity of 20.93%. The firm had revenue of $206.70 million during the quarter, compared to analysts' expectations of $207.17 million. During the same period in the prior year, the company earned $1.46 EPS. The business's quarterly revenue was up 20.0% compared to the same quarter last year. As a group, equities research analysts expect that MarketAxess Holdings Inc. will post 7.37 earnings per share for the current year.

MarketAxess Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Wednesday, November 20th. MarketAxess's dividend payout ratio is presently 40.11%.

MarketAxess announced that its Board of Directors has authorized a share repurchase plan on Tuesday, August 6th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

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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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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