Vontobel Holding Ltd. lowered its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX – Free Report) by 16.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,564 shares of the financial services provider’s stock after selling 312 shares during the period. Vontobel Holding Ltd.’s holdings in MarketAxess were worth $409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of MKTX. Clear Street Markets LLC increased its position in MarketAxess by 94.6% in the first quarter. Clear Street Markets LLC now owns 72 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares during the last quarter. BOKF NA bought a new stake in MarketAxess in the first quarter worth $31,000. VitalStone Financial LLC bought a new stake in MarketAxess in the first quarter worth $31,000. Massmutual Trust Co. FSB ADV increased its position in MarketAxess by 49.3% in the first quarter. Massmutual Trust Co. FSB ADV now owns 106 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 35 shares during the last quarter. Finally, Compass Wealth Management LLC bought a new stake in MarketAxess in the fourth quarter worth $41,000. Institutional investors own 99.01% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on MKTX shares. Atlantic Securities cut their price objective on shares of MarketAxess from $368.00 to $315.00 in a research report on Wednesday, July 12th. StockNews.com cut shares of MarketAxess from a “hold” rating to a “sell” rating in a research report on Friday. Rosenblatt Securities cut their price objective on shares of MarketAxess from $213.00 to $206.00 and set a “sell” rating on the stock in a research report on Thursday, October 5th. Morgan Stanley reiterated an “equal weight” rating and set a $308.00 price objective on shares of MarketAxess in a research report on Tuesday, July 25th. Finally, Barclays cut their price objective on shares of MarketAxess from $308.00 to $278.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $283.09.
Read Our Latest Stock Analysis on MarketAxess
MarketAxess Price Performance
NASDAQ:MKTX opened at $238.78 on Friday. MarketAxess Holdings Inc. has a 1-year low of $200.01 and a 1-year high of $399.78. The company has a 50-day moving average of $231.39 and a 200 day moving average of $270.77. The firm has a market cap of $9.00 billion, a PE ratio of 35.59, a price-to-earnings-growth ratio of 3.17 and a beta of 0.81.
MarketAxess (NASDAQ:MKTX – Get Free Report) last released its quarterly earnings data on Thursday, July 20th. The financial services provider reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. MarketAxess had a net margin of 34.38% and a return on equity of 23.12%. The company had revenue of $179.90 million during the quarter, compared to analyst estimates of $179.47 million. During the same period in the prior year, the firm earned $1.78 earnings per share. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. Sell-side analysts anticipate that MarketAxess Holdings Inc. will post 7.03 EPS for the current fiscal year.
MarketAxess Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 16th. Investors of record on Wednesday, August 2nd were paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Tuesday, August 1st. MarketAxess’s dividend payout ratio (DPR) is presently 42.92%.
Insider Buying and Selling
In other news, CEO Christopher R. Concannon bought 4,270 shares of MarketAxess stock in a transaction on Monday, August 14th. The stock was acquired at an average cost of $238.42 per share, for a total transaction of $1,018,053.40. Following the completion of the acquisition, the chief executive officer now owns 47,166 shares of the company’s stock, valued at approximately $11,245,317.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is owned by insiders.
MarketAxess Profile
MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. It offers the access to liquidity in the U.S. investment-grade bonds, U.S. high-yield bonds, and U.S. Treasuries, as well as municipal bonds, emerging market debts, Eurobonds, and other fixed-income securities.
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