MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd reduced its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 70.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,342 shares of the financial services provider's stock after selling 5,524 shares during the period. Y Intercept Hong Kong Ltd's holdings in MarketAxess were worth $529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MKTX. First Hawaiian Bank purchased a new position in shares of MarketAxess in the 4th quarter valued at approximately $1,088,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in MarketAxess during the 3rd quarter valued at approximately $1,966,000. Mediolanum International Funds Ltd purchased a new position in shares of MarketAxess in the fourth quarter worth $982,000. Principal Financial Group Inc. lifted its stake in shares of MarketAxess by 22.9% during the third quarter. Principal Financial Group Inc. now owns 55,679 shares of the financial services provider's stock worth $14,265,000 after buying an additional 10,361 shares during the period. Finally, Geneva Capital Management LLC grew its holdings in shares of MarketAxess by 25.6% during the third quarter. Geneva Capital Management LLC now owns 15,325 shares of the financial services provider's stock valued at $3,926,000 after buying an additional 3,121 shares during the last quarter. 99.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at MarketAxess

In other news, General Counsel Scott Pintoff sold 300 shares of the business's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $240.57, for a total transaction of $72,171.00. Following the completion of the sale, the general counsel now owns 8,302 shares of the company's stock, valued at $1,997,212.14. The trade was a 3.49 % decrease in their ownership of the stock. The transaction 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 corporate insiders.

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MarketAxess Price Performance

MKTX stock traded down $2.04 during midday trading on Wednesday, hitting $195.85. 1,185,573 shares of the stock traded hands, compared to its average volume of 681,335. MarketAxess Holdings Inc. has a 1-year low of $186.84 and a 1-year high of $296.68. The stock's fifty day simple moving average is $211.19 and its 200-day simple moving average is $242.84. The firm has a market cap of $7.38 billion, a P/E ratio of 26.94, a PEG ratio of 3.89 and a beta of 1.02.

MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.73 EPS for the quarter, beating analysts' consensus estimates of $1.70 by $0.03. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. On average, research analysts predict that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.

MarketAxess Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th will be given a dividend of $0.76 per share. This is a positive change from MarketAxess's previous quarterly dividend of $0.74. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.55%. MarketAxess's dividend payout ratio (DPR) is 41.82%.

Wall Street Analysts Forecast Growth

MKTX has been the subject of a number of research reports. The Goldman Sachs Group lowered their price target on MarketAxess from $235.00 to $210.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. Deutsche Bank Aktiengesellschaft upped their target price on MarketAxess from $258.00 to $264.00 and gave the company a "hold" rating in a research report on Monday, November 11th. Barclays reduced their price target on shares of MarketAxess from $256.00 to $225.00 and set an "equal weight" rating for the company in a research report on Friday, February 7th. Piper Sandler dropped their price objective on shares of MarketAxess from $265.00 to $240.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Finally, UBS Group cut their price objective on shares of MarketAxess from $330.00 to $305.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $254.78.

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.