MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 20.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 848 shares of the financial services provider’s stock after acquiring an additional 144 shares during the period. GAMMA Investing LLC’s holdings in MarketAxess were worth $183,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of MKTX. Allianz SE purchased a new position in MarketAxess during the fourth quarter worth approximately $27,000. Smartleaf Asset Management LLC increased its holdings in shares of MarketAxess by 495.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider’s stock worth $28,000 after buying an additional 104 shares during the last quarter. SRS Capital Advisors Inc. increased its holdings in shares of MarketAxess by 13,900.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider’s stock worth $32,000 after buying an additional 139 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of MarketAxess by 49.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 164 shares of the financial services provider’s stock worth $35,000 after buying an additional 54 shares during the period. Finally, Huntington National Bank boosted its holdings in MarketAxess by 185.7% in the fourth quarter. Huntington National Bank now owns 160 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 104 shares during the last quarter. 99.01% of the stock is owned by institutional investors and hedge funds.

MarketAxess Stock Performance

MarketAxess stock opened at $221.68 on Friday. The firm has a market capitalization of $8.31 billion, a PE ratio of 38.55, a price-to-earnings-growth ratio of 2.85 and a beta of 0.85. MarketAxess Holdings Inc. has a one year low of $186.84 and a one year high of $296.68. The stock’s 50 day moving average price is $220.97 and its 200 day moving average price is $216.21.

MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.05. MarketAxess had a net margin of 26.57% and a return on equity of 19.93%. The company had revenue of $208.58 million for the quarter, compared to analyst estimates of $211.81 million. During the same quarter last year, the firm posted $1.92 earnings per share. The business’s quarterly revenue was down .8% on a year-over-year basis. On average, analysts forecast that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.

MarketAxess Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st were paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 1.37%. The ex-dividend date was Wednesday, May 21st. MarketAxess’s dividend payout ratio (DPR) is 52.87%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MKTX shares. Morgan Stanley upped their price target on MarketAxess from $263.00 to $283.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Barclays boosted their target price on MarketAxess from $232.00 to $240.00 and gave the stock an “equal weight” rating in a report on Thursday, May 8th. UBS Group dropped their target price on shares of MarketAxess from $305.00 to $295.00 and set a “buy” rating for the company in a research report on Monday, April 7th. William Blair initiated coverage on shares of MarketAxess in a research report on Friday, April 4th. They set an “outperform” rating on the stock. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of MarketAxess from $223.00 to $226.00 and gave the stock a “market perform” rating in a research note on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, MarketAxess presently has an average rating of “Hold” and a consensus target price of $241.78.

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.