MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. raised its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,434,946 shares of the financial services provider's stock after acquiring an additional 90,805 shares during the quarter. Vanguard Group Inc. owned approximately 11.76% of MarketAxess worth $1,002,475,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Global X Japan Co. Ltd. boosted its holdings in MarketAxess by 179.5% in the fourth quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 70 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of MarketAxess by 495.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock worth $28,000 after buying an additional 104 shares during the last quarter. SRS Capital Advisors Inc. boosted its holdings 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 in the last quarter. Park Place Capital Corp purchased a new position in shares of MarketAxess in the 4th quarter valued at $44,000. Finally, R Squared Ltd acquired a new stake in MarketAxess during the 4th quarter worth $47,000. 99.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MKTX shares. Piper Sandler decreased their price objective on MarketAxess from $265.00 to $240.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Keefe, Bruyette & Woods lowered their price objective on shares of MarketAxess from $251.00 to $225.00 and set a "market perform" rating on the stock in a research report on Friday, February 7th. UBS Group reduced their target price on shares of MarketAxess from $330.00 to $305.00 and set a "buy" rating for the company in a report on Friday, February 7th. Barclays lowered their price target on MarketAxess from $256.00 to $225.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. Finally, The Goldman Sachs Group lowered their target price on MarketAxess from $235.00 to $210.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, MarketAxess has an average rating of "Hold" and an average price target of $254.78.

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MarketAxess Trading Down 0.2 %

Shares of NASDAQ:MKTX traded down $0.40 on Monday, reaching $216.35. 669,898 shares of the company were exchanged, compared to its average volume of 461,551. The company has a 50-day moving average of $207.57 and a 200-day moving average of $238.95. The firm has a market cap of $8.15 billion, a price-to-earnings ratio of 29.76, a price-to-earnings-growth ratio of 3.89 and a beta of 1.05. MarketAxess Holdings Inc. has a 1-year low of $186.84 and a 1-year high of $296.68.

MarketAxess (NASDAQ:MKTX - Get Free Report) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.03. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. As a group, analysts forecast that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.

MarketAxess Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 19th were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 1.41%. 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.