Wealthfront Advisers LLC purchased a new position in MarketAxess Holdings Inc. (NASDAQ:MKTX – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,853 shares of the financial services provider’s stock, valued at approximately $631,000.
A number of other hedge funds have also recently made changes to their positions in MKTX. Congress Asset Management Co. bought a new stake in shares of MarketAxess in the 4th quarter worth approximately $71,103,000. FMR LLC raised its holdings in MarketAxess by 17.5% in the 3rd quarter. FMR LLC now owns 1,959,043 shares of the financial services provider’s stock worth $501,907,000 after acquiring an additional 291,134 shares during the last quarter. Van ECK Associates Corp raised its holdings in MarketAxess by 13.4% in the 4th quarter. Van ECK Associates Corp now owns 2,000,736 shares of the financial services provider’s stock worth $452,246,000 after acquiring an additional 236,497 shares during the last quarter. Raymond James Financial Inc. purchased a new position in MarketAxess in the 4th quarter worth approximately $46,079,000. Finally, Castle Hook Partners LP purchased a new position in MarketAxess in the 3rd quarter worth approximately $42,967,000. 99.01% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on MKTX shares. Barclays decreased their price objective on shares of MarketAxess from $256.00 to $225.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Keefe, Bruyette & Woods decreased their price objective on shares of MarketAxess from $251.00 to $225.00 and set a “market perform” rating for the company in a report on Friday, February 7th. The Goldman Sachs Group decreased their target price on shares of MarketAxess from $235.00 to $210.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. UBS Group decreased their target price on shares of MarketAxess from $330.00 to $305.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Finally, Piper Sandler decreased their target price on shares of MarketAxess from $265.00 to $240.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $254.78.
MarketAxess Price Performance
NASDAQ:MKTX opened at $212.38 on Monday. The firm has a market capitalization of $8.01 billion, a price-to-earnings ratio of 29.21, a price-to-earnings-growth ratio of 3.89 and a beta of 1.05. MarketAxess Holdings Inc. has a one year low of $186.84 and a one year high of $296.68. The business has a fifty day moving average price of $208.13 and a 200-day moving average price of $241.33.
MarketAxess (NASDAQ:MKTX – Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.73 EPS for the quarter, topping the consensus estimate of $1.70 by $0.03. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. On average, equities research analysts expect that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.
MarketAxess Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th were paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 1.43%. This is a positive change from MarketAxess’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Wednesday, February 19th. MarketAxess’s dividend payout ratio is 41.82%.
About MarketAxess
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.
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