Captrust Financial Advisors Buys 177 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Captrust Financial Advisors boosted its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,981 shares of the financial services provider’s stock after buying an additional 177 shares during the quarter. Captrust Financial Advisors’ holdings in MarketAxess were worth $674,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. V Square Quantitative Management LLC grew its position in MarketAxess by 4.0% during the fourth quarter. V Square Quantitative Management LLC now owns 1,340 shares of the financial services provider’s stock valued at $303,000 after buying an additional 52 shares during the period. Guggenheim Capital LLC grew its position in MarketAxess by 3.7% during the fourth quarter. Guggenheim Capital LLC now owns 1,701 shares of the financial services provider’s stock valued at $384,000 after buying an additional 61 shares during the period. Versor Investments LP grew its position in MarketAxess by 6.3% during the fourth quarter. Versor Investments LP now owns 1,102 shares of the financial services provider’s stock valued at $249,000 after buying an additional 65 shares during the period. Global X Japan Co. Ltd. grew its position 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 valued at $25,000 after buying an additional 70 shares during the period. Finally, Fifth Third Bancorp grew its position in MarketAxess by 2.6% during the fourth quarter. Fifth Third Bancorp now owns 2,979 shares of the financial services provider’s stock valued at $673,000 after buying an additional 75 shares during the period. 99.01% of the stock is currently owned by institutional investors.

MarketAxess Stock Performance

MKTX stock opened at $216.01 on Friday. MarketAxess Holdings Inc. has a one year low of $186.84 and a one year high of $296.68. The company’s fifty day moving average price is $217.35 and its 200-day moving average price is $225.41. The company has a market capitalization of $8.10 billion, a PE ratio of 29.71, a price-to-earnings-growth ratio of 3.89 and a beta of 0.89.

MarketAxess (NASDAQ:MKTX) last released its earnings results on Wednesday, May 7th. The financial services provider reported $1.87 EPS for the quarter, topping the consensus estimate of $1.82 by $0.05. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. The firm had revenue of $208.58 million for the quarter, compared to the consensus estimate of $211.81 million. During the same quarter in the previous year, the firm earned $1.92 earnings per share. The company’s quarterly revenue was down .8% compared to the same quarter last year. On average, research analysts predict that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.

MarketAxess Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Wednesday, May 21st. MarketAxess’s dividend payout ratio (DPR) is presently 52.87%.

Wall Street Analysts Forecast Growth

MKTX has been the subject of several recent research reports. Piper Sandler cut their target price on shares of MarketAxess from $213.00 to $202.00 and set a “neutral” rating for the company in a research report on Thursday, May 8th. William Blair assumed coverage on shares of MarketAxess in a research report on Friday, April 4th. They set an “outperform” rating for the company. Keefe, Bruyette & Woods upped their price target on shares of MarketAxess from $223.00 to $226.00 and gave the stock a “market perform” rating in a research report on Thursday, May 8th. Citigroup raised their price objective on shares of MarketAxess from $250.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Finally, The Goldman Sachs Group dropped their target price on shares of MarketAxess from $235.00 to $210.00 and set a “neutral” rating for the company in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $241.78.

MarketAxess 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.