Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 11.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,265 shares of the financial services provider's stock after buying an additional 1,464 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in MarketAxess were worth $3,224,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC lifted its position in MarketAxess by 4.0% during the 4th quarter. V Square Quantitative Management LLC now owns 1,340 shares of the financial services provider's stock worth $303,000 after acquiring an additional 52 shares during the period. M&T Bank Corp raised its position in MarketAxess by 4.0% during the 3rd quarter. M&T Bank Corp now owns 1,469 shares of the financial services provider's stock worth $376,000 after buying an additional 56 shares during the last quarter. Versor Investments LP increased its stake in shares of MarketAxess by 6.3% during the fourth quarter. Versor Investments LP now owns 1,102 shares of the financial services provider's stock worth $249,000 after acquiring an additional 65 shares during the period. Global X Japan Co. Ltd. raised its holdings in MarketAxess by 179.5% during the fourth quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock worth $25,000 after purchasing an additional 70 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in MarketAxess by 2.6% in the fourth quarter. Fifth Third Bancorp now owns 2,979 shares of the financial services provider's stock valued at $673,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds own 99.01% of the company's stock.
MarketAxess Stock Performance
MarketAxess stock traded down $0.60 during midday trading on Wednesday, reaching $216.76. The stock had a trading volume of 288,576 shares, compared to its average volume of 680,739. MarketAxess Holdings Inc. has a twelve month low of $186.84 and a twelve month high of $296.68. The stock's 50-day simple moving average is $207.99 and its 200 day simple moving average is $240.95. The stock has a market capitalization of $8.17 billion, a PE ratio of 29.82, a price-to-earnings-growth ratio of 3.89 and a beta of 1.05.
MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share for the quarter, topping analysts' consensus estimates of $1.70 by $0.03. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. Equities analysts predict that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.
MarketAxess Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 19th were issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Wednesday, February 19th. This is a boost from MarketAxess's previous quarterly dividend of $0.74. MarketAxess's dividend payout ratio is currently 41.82%.
Analysts Set New Price Targets
Several equities research analysts recently commented on MKTX shares. UBS Group decreased their price objective on shares of MarketAxess from $330.00 to $305.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. Keefe, Bruyette & Woods cut their price target on MarketAxess from $251.00 to $225.00 and set a "market perform" rating for the company in a report on Friday, February 7th. Piper Sandler dropped their price objective on MarketAxess from $265.00 to $240.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. Barclays lowered their price target on shares of MarketAxess from $256.00 to $225.00 and set an "equal weight" rating for the company in a report on Friday, February 7th. Finally, The Goldman Sachs Group decreased their target price on shares of MarketAxess from $235.00 to $210.00 and set a "neutral" rating on the stock in a research 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 issued a buy rating to the company. Based on data from MarketBeat.com, MarketAxess presently has an average rating of "Hold" and a consensus price target of $254.78.
Get Our Latest Analysis on MKTX
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.
See Also
Before you consider MarketAxess, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MarketAxess wasn't on the list.
While MarketAxess currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market volatility creates opportunity. Our analysts have pinpointed 10 stocks perfectly positioned for exceptional growth this spring, even amid economic uncertainty. Don't miss your chance to access this timely research and invest with confidence.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
