Roosevelt Investment Group Inc. Lowers Holdings in MarketAxess Holdings, Inc. (MKTX)
Roosevelt Investment Group Inc. decreased its position in MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 8.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 82,548 shares of the financial services provider’s stock after selling 7,919 shares during the period. MarketAxess Holdings comprises approximately 1.4% of Roosevelt Investment Group Inc.’s portfolio, making the stock its 28th biggest holding. Roosevelt Investment Group Inc. owned 0.22% of MarketAxess Holdings worth $15,231,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. D.A. Davidson & CO. boosted its stake in shares of MarketAxess Holdings by 0.5% during the second quarter. D.A. Davidson & CO. now owns 1,380 shares of the financial services provider’s stock valued at $277,000 after acquiring an additional 7 shares during the last quarter. First Personal Financial Services boosted its stake in shares of MarketAxess Holdings by 2.6% during the second 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 during the last quarter. Coldstream Capital Management Inc. boosted its stake in shares of MarketAxess Holdings by 2.5% during the second quarter. Coldstream Capital Management Inc. now owns 1,610 shares of the financial services provider’s stock valued at $324,000 after acquiring an additional 40 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of MarketAxess Holdings by 1.5% during the second quarter. Teacher Retirement System of Texas now owns 2,999 shares of the financial services provider’s stock valued at $603,000 after acquiring an additional 43 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its stake in shares of MarketAxess Holdings by 1.1% during the second quarter. Capstone Asset Management Co. now owns 5,056 shares of the financial services provider’s stock valued at $1,017,000 after acquiring an additional 57 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors.
In other news, insider Kevin M. Mcpherson sold 5,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $176.61, for a total value of $883,050.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nicholas Themelis sold 4,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $176.40, for a total value of $705,600.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,225 shares of company stock worth $8,563,950. Company insiders own 4.02% of the company’s stock.
A number of research firms recently commented on MKTX. BidaskClub lowered MarketAxess Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Raymond James Financial, Inc. increased their target price on MarketAxess Holdings from $216.00 to $219.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Finally, Zacks Investment Research upgraded MarketAxess Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $192.40.
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MarketAxess Holdings, Inc. (NASDAQ:MKTX) traded up $4.15 during trading on Monday, hitting $180.40. The stock had a trading volume of 222,500 shares, compared to its average volume of 205,215. The stock has a market cap of $6,840.00, a P/E ratio of 46.38 and a beta of 0.66. MarketAxess Holdings, Inc. has a 52 week low of $145.10 and a 52 week high of $211.06.
MarketAxess Holdings (NASDAQ:MKTX) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.90 EPS for the quarter, hitting analysts’ consensus estimates of $0.90. The company had revenue of $96.70 million for the quarter, compared to the consensus estimate of $96.35 million. MarketAxess Holdings had a return on equity of 30.12% and a net margin of 37.67%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business posted $0.82 EPS. research analysts forecast that MarketAxess Holdings, Inc. will post 3.91 earnings per share for the current fiscal year.
MarketAxess Holdings announced that its board has initiated a share repurchase plan on Wednesday, October 25th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.73%. MarketAxess Holdings’s dividend payout ratio (DPR) is 33.93%.
MarketAxess Holdings Company 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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