Algert Global LLC Invests $317,000 in MarketAxess Holdings, Inc. (NASDAQ:MKTX)
Algert Global LLC acquired a new position in shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,575 shares of the financial services provider’s stock, valued at approximately $317,000.
A number of other large investors have also recently made changes to their positions in MKTX. Teachers Advisors LLC boosted its stake in shares of MarketAxess Holdings by 9.7% in the fourth quarter. Teachers Advisors LLC now owns 36,328 shares of the financial services provider’s stock worth $5,337,000 after buying an additional 3,221 shares in the last quarter. CrestPoint Capital Management LLC boosted its stake in shares of MarketAxess Holdings by 7.1% in the first quarter. CrestPoint Capital Management LLC now owns 1,500 shares of the financial services provider’s stock worth $281,000 after buying an additional 100 shares in the last quarter. Capstone Asset Management Co. boosted its stake in shares of MarketAxess Holdings by 0.6% in the first quarter. Capstone Asset Management Co. now owns 4,999 shares of the financial services provider’s stock worth $937,000 after buying an additional 31 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of MarketAxess Holdings by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the financial services provider’s stock worth $1,781,000 after buying an additional 200 shares in the last quarter. Finally, Capital Impact Advisors LLC boosted its stake in shares of MarketAxess Holdings by 11.1% in the first quarter. Capital Impact Advisors LLC now owns 8,110 shares of the financial services provider’s stock worth $1,521,000 after buying an additional 810 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.
MarketAxess Holdings, Inc. (NASDAQ:MKTX) opened at 192.46 on Friday. The stock has a market cap of $7.22 billion, a price-to-earnings ratio of 50.62 and a beta of 0.69. MarketAxess Holdings, Inc. has a 12-month low of $145.10 and a 12-month high of $211.06. The firm’s 50-day moving average price is $198.90 and its 200-day moving average price is $192.04.
MarketAxess Holdings (NASDAQ:MKTX) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.00 EPS for the quarter, topping the consensus estimate of $0.92 by $0.08. MarketAxess Holdings had a return on equity of 30.38% and a net margin of 37.46%. The firm had revenue of $97.31 million for the quarter, compared to the consensus estimate of $96.42 million. During the same quarter last year, the company earned $0.88 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. On average, equities analysts predict that MarketAxess Holdings, Inc. will post $4.12 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Tuesday, August 8th. MarketAxess Holdings’s dividend payout ratio (DPR) is currently 34.65%.
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A number of equities research analysts recently issued reports on MKTX shares. Zacks Investment Research upgraded MarketAxess Holdings from a “hold” rating to a “strong-buy” rating and set a $221.00 price objective on the stock in a research note on Monday, May 1st. BidaskClub upgraded MarketAxess Holdings from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $205.00 target price on shares of MarketAxess Holdings in a report on Thursday, July 6th. Finally, Raymond James Financial, Inc. lifted their target price on MarketAxess Holdings from $216.00 to $219.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $197.17.
In other news, insider Kevin M. Mcpherson sold 9,286 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $201.35, for a total value of $1,869,736.10. Following the transaction, the insider now owns 90,929 shares of the company’s stock, valued at $18,308,554.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen P. Casper sold 230 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $184.70, for a total value of $42,481.00. Following the completion of the transaction, the director now directly owns 50,464 shares in the company, valued at approximately $9,320,700.80. The disclosure for this sale can be found here. Insiders sold 35,112 shares of company stock worth $7,008,718 in the last ninety days. Corporate insiders own 4.51% of the company’s stock.
About MarketAxess Holdings
MarketAxess Holdings Inc operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using its trading technology. Institutional investor and broker-dealer firms are users of trading platform, accessing global liquidity in the United States corporate bonds, emerging markets and high-yield bonds, European bonds, the United States agency bonds, municipal bonds, credit default swaps and other fixed-income securities.
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