CVA Family Office LLC Makes New $50,000 Investment in MarketAxess Holdings Inc. (NASDAQ:MKTX)

CVA Family Office LLC acquired a new stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 171 shares of the financial services provider’s stock, valued at approximately $50,000.

Other hedge funds have also recently modified their holdings of the company. SkyOak Wealth LLC acquired a new position in shares of MarketAxess during the fourth quarter valued at approximately $375,000. Empirical Asset Management LLC lifted its position in MarketAxess by 22.7% during the 4th quarter. Empirical Asset Management LLC now owns 3,547 shares of the financial services provider’s stock worth $1,039,000 after acquiring an additional 657 shares during the period. Handelsinvest Investeringsforvaltning purchased a new stake in shares of MarketAxess during the fourth quarter worth approximately $438,000. Baker Tilly Wealth Management LLC raised its stake in shares of MarketAxess by 12.1% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 1,578 shares of the financial services provider’s stock worth $462,000 after purchasing an additional 170 shares during the last quarter. Finally, Raymond James Trust N.A. raised its position in MarketAxess by 62.2% in the fourth quarter. Raymond James Trust N.A. now owns 1,552 shares of the financial services provider’s stock worth $455,000 after acquiring an additional 595 shares in the last quarter. Hedge funds and other institutional investors own 99.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Citigroup raised their price target on MarketAxess from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, December 6th. William Blair reiterated an “outperform” rating on shares of MarketAxess in a report on Tuesday, January 23rd. Barclays downgraded MarketAxess from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $246.00 to $291.00 in a report on Monday, January 8th. Rosenblatt Securities dropped their price objective on MarketAxess from $229.00 to $210.00 and set a “sell” rating on the stock in a report on Thursday, February 1st. Finally, The Goldman Sachs Group dropped their price objective on MarketAxess from $263.00 to $225.00 and set a “neutral” rating on the stock in a report on Thursday, February 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $266.89.

MarketAxess Price Performance

NASDAQ:MKTX opened at $217.75 on Thursday. MarketAxess Holdings Inc. has a 12-month low of $200.01 and a 12-month high of $399.78. The business has a 50 day simple moving average of $227.98 and a 200 day simple moving average of $237.75. The firm has a market capitalization of $8.25 billion, a P/E ratio of 31.79, a P/E/G ratio of 3.75 and a beta of 0.98.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.11. MarketAxess had a return on equity of 21.76% and a net margin of 34.29%. The company had revenue of $197.20 million during the quarter, compared to analyst estimates of $196.70 million. During the same quarter in the previous year, the firm posted $1.58 EPS. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. Research analysts anticipate that MarketAxess Holdings Inc. will post 7.27 EPS for the current fiscal year.

MarketAxess Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Tuesday, February 13th. This is an increase from MarketAxess’s previous quarterly dividend of $0.72. MarketAxess’s payout ratio is currently 43.21%.

Insider Transactions at MarketAxess

In other news, CRO Kevin M. Mcpherson sold 2,000 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $221.26, for a total value of $442,520.00. Following the sale, the executive now owns 70,092 shares of the company’s stock, valued at approximately $15,508,555.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.00% of the company’s stock.

MarketAxess Company 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.