Great West Life Assurance Co. Can lessened its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 2.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,993 shares of the financial services provider’s stock after selling 786 shares during the quarter. Great West Life Assurance Co. Can’s holdings in MarketAxess were worth $5,342,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in MKTX. Baillie Gifford & Co. raised its stake in shares of MarketAxess by 13.1% during the first quarter. Baillie Gifford & Co. now owns 3,661,066 shares of the financial services provider’s stock worth $796,062,000 after purchasing an additional 424,108 shares during the last quarter. BlackRock Inc. raised its stake in shares of 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 purchasing an additional 189,575 shares during the last quarter. Lord Abbett & CO. LLC raised its stake in shares of MarketAxess by 284.4% during the first quarter. Lord Abbett & CO. LLC now owns 99,663 shares of the financial services provider’s stock worth $21,671,000 after purchasing an additional 73,737 shares during the last quarter. Royal Bank of Canada raised its stake in shares of MarketAxess by 11.8% during the first quarter. Royal Bank of Canada now owns 663,432 shares of the financial services provider’s stock worth $144,257,000 after purchasing an additional 70,218 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of MarketAxess by 4.6% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,121,501 shares of the financial services provider’s stock worth $243,861,000 after purchasing an additional 49,580 shares during the last quarter. Institutional investors and hedge funds own 99.98% of the company’s stock.

NASDAQ:MKTX opened at $182.99 on Tuesday. The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 46.92, a price-to-earnings-growth ratio of 8.54 and a beta of 0.50. MarketAxess Holdings Inc. has a 1 year low of $171.45 and a 1 year high of $229.84.

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

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 23rd. Shareholders of record on Thursday, August 9th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Wednesday, August 8th. MarketAxess’s payout ratio is 43.08%.

Several equities research analysts have recently commented on the company. Keefe, Bruyette & Woods restated a “hold” rating and set a $210.00 price target on shares of MarketAxess in a research note on Thursday, July 26th. BidaskClub upgraded MarketAxess from a “hold” rating to a “buy” rating in a research note on Thursday, May 24th. Barclays assumed coverage on MarketAxess in a research note on Friday. They set an “equal weight” rating and a $200.00 price target for the company. Zacks Investment Research cut MarketAxess from a “hold” rating to a “sell” rating in a research note on Monday. Finally, ValuEngine cut MarketAxess from a “buy” rating to a “hold” rating in a research report on Wednesday, June 6th. One analyst has rated the stock with a sell rating and eleven have given a hold rating to the company. The stock has an average rating of “Hold” and a consensus target price of $210.88.

In other MarketAxess news, CEO Richard M. Mcvey sold 10,959 shares of the stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $189.31, for a total value of $2,074,648.29. Following the completion of the transaction, the chief executive officer now owns 1,054,743 shares in the company, valued at $199,673,397.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nicholas Themelis sold 12,831 shares of the stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $186.51, for a total value of $2,393,109.81. The disclosure for this sale can be found here. Insiders sold 66,804 shares of company stock valued at $12,555,086 in the last quarter. 3.52% of the stock is currently owned by company insiders.

MarketAxess Company Profile

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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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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