Barclays initiated coverage on shares of MarketAxess (NASDAQ:MKTX) in a research report report published on Friday morning, Marketbeat reports. The firm issued an equal weight rating and a $200.00 price objective on the financial services provider’s stock.

Other equities research analysts have also recently issued reports about the stock. BidaskClub upgraded shares of MarketAxess from a hold rating to a buy rating in a research report on Friday, July 20th. ValuEngine upgraded shares of MarketAxess from a hold rating to a buy rating in a research report on Monday, July 16th. Zacks Investment Research upgraded shares of MarketAxess from a sell rating to a hold rating in a research report on Friday, June 22nd. Jefferies Financial Group started coverage on shares of MarketAxess in a research report on Wednesday, August 1st. They set a hold rating and a $219.00 price objective for the company. Finally, Keefe, Bruyette & Woods restated a hold rating and set a $210.00 price objective on shares of MarketAxess in a research report on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $210.88.

Shares of NASDAQ MKTX traded up $2.79 during mid-day trading on Friday, reaching $186.96. The company’s stock had a trading volume of 238,450 shares, compared to its average volume of 144,830. The stock has a market capitalization of $6.92 billion, a price-to-earnings ratio of 47.94, a price-to-earnings-growth ratio of 8.42 and a beta of 0.50. MarketAxess has a 1-year low of $171.45 and a 1-year high of $229.84.

MarketAxess (NASDAQ:MKTX) last issued its earnings results on Wednesday, July 25th. The financial services provider reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.02. MarketAxess had a net margin of 37.33% and a return on equity of 29.49%. The business had revenue of $106.96 million during the quarter, compared to analysts’ expectations of $106.41 million. During the same period in the prior year, the business earned $1.00 earnings per share. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. equities research analysts expect that MarketAxess will post 4.38 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 23rd. Investors of record on Thursday, August 9th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 0.90%. The ex-dividend date was Wednesday, August 8th. MarketAxess’s payout ratio is currently 43.08%.

In related news, CEO Richard M. Mcvey sold 23,014 shares of the firm’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $189.16, for a total transaction of $4,353,328.24. Following the completion of the sale, the chief executive officer now directly owns 1,054,743 shares in the company, valued at $199,515,185.88. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Richard M. Mcvey sold 10,959 shares of the stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $189.31, for a total transaction of $2,074,648.29. Following the transaction, the chief executive officer now directly owns 1,054,743 shares of the company’s stock, valued at approximately $199,673,397.33. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,804 shares of company stock valued at $12,555,086. 3.52% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue boosted its stake in MarketAxess by 32.2% during the second quarter. State of Alaska Department of Revenue now owns 4,470 shares of the financial services provider’s stock worth $884,000 after buying an additional 1,090 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in MarketAxess by 6.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 141,875 shares of the financial services provider’s stock worth $30,850,000 after buying an additional 8,059 shares during the period. M&T Bank Corp boosted its stake in MarketAxess by 25.4% during the first quarter. M&T Bank Corp now owns 2,754 shares of the financial services provider’s stock worth $598,000 after buying an additional 557 shares during the period. Suntrust Banks Inc. boosted its stake in MarketAxess by 3.1% during the first quarter. Suntrust Banks Inc. now owns 26,652 shares of the financial services provider’s stock worth $5,793,000 after buying an additional 792 shares during the period. Finally, BlackRock Inc. boosted its stake in MarketAxess by 6.1% during the first quarter. BlackRock Inc. now owns 3,293,808 shares of the financial services provider’s stock worth $716,206,000 after buying an additional 189,575 shares during the period. 99.98% of the stock is owned by institutional investors.

About MarketAxess

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer the access to global liquidity in U.S.

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Analyst Recommendations for MarketAxess (NASDAQ:MKTX)

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