MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Sold by Bank of Montreal Can

Bank of Montreal Can trimmed its position in MarketAxess Holdings Inc. (NASDAQ:MKTXGet Rating) by 21.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 70,954 shares of the financial services provider’s stock after selling 18,808 shares during the period. Bank of Montreal Can owned about 0.19% of MarketAxess worth $25,083,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MKTX. Goldman Sachs Group Inc. boosted its holdings in MarketAxess by 66.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 232,017 shares of the financial services provider’s stock worth $95,423,000 after buying an additional 92,362 shares during the last quarter. Primecap Management Co. CA boosted its holdings in shares of MarketAxess by 18.4% during the 1st quarter. Primecap Management Co. CA now owns 549,500 shares of the financial services provider’s stock worth $186,940,000 after purchasing an additional 85,310 shares during the last quarter. Wasatch Advisors Inc. boosted its holdings in shares of MarketAxess by 5,746.6% during the 4th quarter. Wasatch Advisors Inc. now owns 64,254 shares of the financial services provider’s stock worth $26,426,000 after purchasing an additional 63,155 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of MarketAxess by 12.2% during the 4th quarter. Invesco Ltd. now owns 522,483 shares of the financial services provider’s stock worth $214,881,000 after purchasing an additional 56,876 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of MarketAxess by 1.6% during the 4th quarter. BlackRock Inc. now owns 3,563,993 shares of the financial services provider’s stock worth $1,465,763,000 after purchasing an additional 54,516 shares during the last quarter. 95.62% of the stock is currently owned by institutional investors and hedge funds.

MarketAxess Trading Down 0.6 %

MKTX stock opened at $249.91 on Friday. The business’s fifty day moving average price is $263.92 and its 200 day moving average price is $291.47. MarketAxess Holdings Inc. has a 12-month low of $239.51 and a 12-month high of $485.43. The company has a market capitalization of $9.41 billion, a PE ratio of 39.17 and a beta of 0.59.

MarketAxess (NASDAQ:MKTXGet Rating) last released its earnings results on Wednesday, July 20th. The financial services provider reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.07. The company had revenue of $182.20 million during the quarter, compared to the consensus estimate of $185.24 million. MarketAxess had a return on equity of 23.55% and a net margin of 34.77%. MarketAxess’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.77 EPS. Research analysts predict that MarketAxess Holdings Inc. will post 6.65 EPS for the current fiscal year.

MarketAxess Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 17th. Shareholders of record on Wednesday, August 3rd were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.12%. The ex-dividend date was Tuesday, August 2nd. MarketAxess’s dividend payout ratio is currently 43.89%.

Wall Street Analyst Weigh In

MKTX has been the topic of several recent research reports. Atlantic Securities boosted their target price on MarketAxess from $280.00 to $290.00 and gave the stock a “neutral” rating in a report on Friday, August 19th. Rosenblatt Securities initiated coverage on MarketAxess in a report on Wednesday, August 17th. They set a “sell” rating and a $231.00 target price on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on MarketAxess from $286.00 to $292.00 and gave the stock a “hold” rating in a report on Friday, August 12th. Piper Sandler reduced their price target on shares of MarketAxess from $300.00 to $285.00 and set a “neutral” rating on the stock in a research report on Friday, July 1st. Finally, Morgan Stanley reduced their price target on shares of MarketAxess from $338.00 to $325.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 19th. One analyst has rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $308.22.

Insider Buying and Selling at MarketAxess

In other MarketAxess news, insider Christophe Pierre Danie Roupie sold 1,740 shares of MarketAxess stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $285.03, for a total value of $495,952.20. Following the completion of the transaction, the insider now directly owns 5,318 shares of the company’s stock, valued at approximately $1,515,789.54. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.94% of the stock is currently owned by corporate insiders.

MarketAxess Company Profile

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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