BlackRock Inc. Acquires 62,914 Shares of MarketAxess Holdings, Inc. (MKTX)
BlackRock Inc. boosted its holdings in MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 2.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,063,588 shares of the financial services provider’s stock after acquiring an additional 62,914 shares during the quarter. BlackRock Inc. owned 8.16% of MarketAxess Holdings worth $616,087,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Cutler Group LP bought a new position in MarketAxess Holdings in the 2nd quarter valued at about $110,000. First Personal Financial Services lifted its position in MarketAxess Holdings by 2.6% in the 2nd quarter. First Personal Financial Services now owns 631 shares of the financial services provider’s stock valued at $127,000 after acquiring an additional 16 shares in the last quarter. Traynor Capital Management Inc. bought a new position in MarketAxess Holdings in the 2nd quarter valued at about $203,000. Puzo Michael J bought a new position in MarketAxess Holdings in the 1st quarter valued at about $212,000. Finally, Gardiner Nancy B bought a new position in MarketAxess Holdings in the 1st quarter valued at about $224,000. 91.10% of the stock is currently owned by institutional investors and hedge funds.
MarketAxess Holdings, Inc. (NASDAQ MKTX) opened at 182.50 on Friday. MarketAxess Holdings, Inc. has a 52-week low of $145.10 and a 52-week high of $211.06. The firm’s 50 day moving average is $190.26 and its 200 day moving average is $191.71. The company has a market cap of $6.85 billion, a PE ratio of 48.00 and a beta of 0.70.
MarketAxess Holdings (NASDAQ:MKTX) last issued its earnings results on Wednesday, July 26th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.08. The firm had revenue of $97.31 million for the quarter, compared to the consensus estimate of $96.42 million. MarketAxess Holdings had a net margin of 37.46% and a return on equity of 30.38%. The business’s revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.88 earnings per share. Analysts forecast that MarketAxess Holdings, Inc. will post $4.07 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th were paid a $0.33 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $1.32 annualized dividend and a dividend yield of 0.72%. MarketAxess Holdings’s dividend payout ratio is presently 34.65%.
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Several brokerages recently weighed in on MKTX. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $210.00 price target on shares of MarketAxess Holdings in a research report on Friday, July 14th. BidaskClub raised shares of MarketAxess Holdings from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Zacks Investment Research raised shares of MarketAxess Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, Raymond James Financial, Inc. lifted their target price on shares of MarketAxess Holdings from $216.00 to $219.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $197.17.
In other news, CEO Richard M. Mcvey sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $198.63, for a total value of $3,972,600.00. Following the transaction, the chief executive officer now owns 1,108,142 shares in the company, valued at $220,110,245.46. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 4.51% of the company’s stock.
MarketAxess Holdings Profile
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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