Van Berkom & Associates Inc. cut its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 1.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 460,862 shares of the financial services provider’s stock after selling 8,747 shares during the period. MarketAxess accounts for 2.3% of Van Berkom & Associates Inc.’s holdings, making the stock its 13th biggest holding. Van Berkom & Associates Inc. owned about 1.23% of MarketAxess worth $82,259,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Artisan Partners Limited Partnership acquired a new stake in shares of MarketAxess in the second quarter valued at about $54,723,000. Alliancebernstein L.P. increased its stake in MarketAxess by 23.6% during the 3rd quarter. Alliancebernstein L.P. now owns 792,307 shares of the financial services provider’s stock worth $141,419,000 after buying an additional 151,439 shares during the period. Wells Fargo & Company MN grew its holdings in MarketAxess by 11.0% during the 3rd quarter. Wells Fargo & Company MN now owns 1,253,683 shares of the financial services provider’s stock worth $223,770,000 after acquiring an additional 124,489 shares in the last quarter. Marathon Asset Management LLP acquired a new position in MarketAxess during the 3rd quarter worth approximately $22,087,000. Finally, BlackRock Inc. grew its holdings in MarketAxess by 3.6% during the 2nd quarter. BlackRock Inc. now owns 3,411,494 shares of the financial services provider’s stock worth $674,996,000 after acquiring an additional 117,686 shares in the last quarter. Institutional investors own 98.95% of the company’s stock.

Several brokerages have recently issued reports on MKTX. Barclays began coverage on shares of MarketAxess in a report on Friday, September 7th. They issued an “equal weight” rating and a $200.00 target price for the company. BidaskClub upgraded shares of MarketAxess from a “sell” rating to a “hold” rating in a report on Friday, October 5th. Compass Point began coverage on shares of MarketAxess in a report on Tuesday, July 24th. They issued a “neutral” rating and a $205.00 target price for the company. ValuEngine upgraded shares of MarketAxess from a “hold” rating to a “buy” rating in a report on Thursday, October 4th. Finally, Zacks Investment Research cut shares of MarketAxess from a “hold” rating to a “sell” rating in a report on Monday, September 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $210.63.

NASDAQ:MKTX traded up $0.52 during trading hours on Monday, reaching $213.99. 300 shares of the company’s stock were exchanged, compared to its average volume of 263,718. The stock has a market cap of $8.02 billion, a P/E ratio of 54.74, a P/E/G ratio of 9.66 and a beta of 0.11. MarketAxess Holdings Inc. has a 1-year low of $172.09 and a 1-year high of $229.84.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $1.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.09. The firm had revenue of $101.44 million during the quarter, compared to analysts’ expectations of $101.19 million. MarketAxess had a net margin of 37.97% and a return on equity of 29.40%. MarketAxess’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.90 EPS. Analysts anticipate that MarketAxess Holdings Inc. will post 4.42 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Wednesday, November 7th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Tuesday, November 6th. MarketAxess’s dividend payout ratio is currently 43.08%.

In related news, CEO Richard M. Mcvey sold 23,842 shares of the stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $211.93, for a total transaction of $5,052,835.06. Following the completion of the sale, the chief executive officer now owns 1,054,986 shares in the company, valued at approximately $223,583,182.98. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.52% of the stock is owned by corporate insiders.

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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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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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