Monroe Bank & Trust MI lowered its position in MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 7.8% during the third quarter, Holdings Channel reports. The fund owned 8,009 shares of the company’s stock after selling 680 shares during the period. Monroe Bank & Trust MI’s holdings in MarketAxess Holdings were worth $1,208,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC purchased a new stake in shares of MarketAxess Holdings during the second quarter worth $103,000. Advisors Preferred LLC increased its stake in shares of MarketAxess Holdings by 1,064.0% in the third quarter. Advisors Preferred LLC now owns 1,001 shares of the company’s stock worth $166,000 after buying an additional 915 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of MarketAxess Holdings by 13.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,223 shares of the company’s stock worth $203,000 after buying an additional 147 shares during the period. Somerville Kurt F purchased a new stake in shares of MarketAxess Holdings during the third quarter worth $203,000. Finally, Independence Trust CO purchased a new stake in shares of MarketAxess Holdings during the third quarter worth $213,000. Hedge funds and other institutional investors own 89.11% of the company’s stock.
MarketAxess Holdings, Inc. (NASDAQ:MKTX) traded up 1.76% during trading on Monday, hitting $190.11. 119,833 shares of the stock traded hands. The company has a 50-day moving average price of $166.31 and a 200-day moving average price of $163.62. MarketAxess Holdings, Inc. has a 12 month low of $106.28 and a 12 month high of $194.12. The stock has a market cap of $7.00 billion, a PE ratio of 56.92 and a beta of 0.70.
MarketAxess Holdings (NASDAQ:MKTX) last announced its earnings results on Wednesday, January 25th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.04. MarketAxess Holdings had a net margin of 34.11% and a return on equity of 28.57%. The firm had revenue of $94.40 million for the quarter, compared to analyst estimates of $93.74 million. During the same quarter in the prior year, the business posted $0.65 EPS. The business’s revenue was up 23.2% compared to the same quarter last year. Equities research analysts expect that MarketAxess Holdings, Inc. will post $4.01 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 23rd. Stockholders of record on Thursday, February 9th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Tuesday, February 7th. This is an increase from MarketAxess Holdings’s previous quarterly dividend of $0.26. MarketAxess Holdings’s dividend payout ratio is 39.40%.
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Several equities analysts recently commented on the stock. Credit Suisse Group reissued an “underperform” rating and issued a $158.00 price objective on shares of MarketAxess Holdings in a research note on Sunday, November 20th. Macquarie raised shares of MarketAxess Holdings from an “underperform” rating to a “neutral” rating and set a $178.00 price objective for the company in a research note on Tuesday, January 31st. Raymond James Financial, Inc. raised shares of MarketAxess Holdings from a “market perform” rating to an “outperform” rating and set a $175.00 price objective for the company in a research note on Tuesday, January 3rd. Zacks Investment Research raised shares of MarketAxess Holdings from a “hold” rating to a “buy” rating and set a $168.00 price objective for the company in a research note on Thursday, January 5th. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on shares of MarketAxess Holdings in a research note on Friday, January 6th. They issued a “conviction-buy” rating and a $185.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $175.17.
In related news, CEO Richard M. Mcvey sold 18,829 shares of the stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $188.68, for a total value of $3,552,655.72. Following the completion of the transaction, the chief executive officer now owns 1,073,037 shares of the company’s stock, valued at approximately $202,460,621.16. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David G. Gomach sold 5,370 shares of the stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $189.98, for a total transaction of $1,020,192.60. Following the completion of the transaction, the director now directly owns 2,818 shares of the company’s stock, valued at approximately $535,363.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,667 shares of company stock valued at $6,542,926. 4.51% of the stock is currently owned by insiders.
MarketAxess Holdings Company Profile
MarketAxess Holdings Inc (MarketAxess) is an electronic trading platform. The Company operates as an electronic multi-party platform for the trading of fixed-income securities and provides related data, analytics, compliance tools and post-trade services. The Company’s multi-dealer trading platform allows its institutional investor clients to request bids or offers from its broker-dealer clients and execute trades with the broker-dealer of their choice from among those that choose to respond.
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