2,853 Shares in MarketAxess Holdings Inc. (NASDAQ:MKTX) Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC 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 13F filing with the Securities and Exchange Commission. The firm bought 2,853 shares of the financial services provider's stock, valued at approximately $631,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MKTX. First Hawaiian Bank purchased a new stake in MarketAxess during the 4th quarter valued at approximately $1,088,000. Charles Schwab Investment Management Inc. grew its holdings in MarketAxess by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 363,224 shares of the financial services provider's stock valued at $82,103,000 after buying an additional 5,153 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in MarketAxess during the 3rd quarter valued at approximately $1,966,000. Keybank National Association OH grew its holdings in MarketAxess by 18.2% during 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 buying an additional 1,256 shares in the last quarter. Finally, Norden Group LLC purchased a new position in shares of MarketAxess in the fourth quarter valued at $539,000. Institutional investors own 99.01% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on MKTX. Piper Sandler cut their target price on shares of MarketAxess from $265.00 to $240.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. The Goldman Sachs Group decreased their target price on MarketAxess from $235.00 to $210.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. Barclays decreased their price objective on MarketAxess from $256.00 to $225.00 and set an "equal weight" rating for the company in a report on Friday, February 7th. Keefe, Bruyette & Woods cut their target price on MarketAxess from $251.00 to $225.00 and set a "market perform" rating on the stock in a research note on Friday, February 7th. Finally, UBS Group dropped their price target on MarketAxess from $330.00 to $305.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. 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. According to MarketBeat, MarketAxess has a consensus rating of "Hold" and a consensus price target of $254.78.

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MarketAxess Price Performance

NASDAQ:MKTX traded up $1.11 during trading hours on Thursday, reaching $217.86. The company had a trading volume of 240,618 shares, compared to its average volume of 438,486. The firm has a market cap of $8.21 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 3.89 and a beta of 1.05. The business's 50 day moving average price is $207.93 and its 200-day moving average price is $240.78. 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 posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.73 EPS for the quarter, beating 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, analysts expect that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.

MarketAxess Increases Dividend

The firm 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. The ex-dividend date was Wednesday, February 19th. This is a boost from MarketAxess's previous quarterly dividend of $0.74. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.40%. MarketAxess's dividend payout ratio is currently 41.82%.

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.