8,312 Shares in MarketAxess Holdings Inc. $MKTX Bought by Matauro LLC

Matauro LLC acquired a new stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 8,312 shares of the financial services provider’s stock, valued at approximately $1,448,000.

Other large investors have also added to or reduced their stakes in the company. MUFG Securities EMEA plc purchased a new stake in shares of MarketAxess during the second quarter valued at about $25,000. Geneos Wealth Management Inc. grew its position in shares of MarketAxess by 200.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider’s stock worth $26,000 after buying an additional 80 shares during the last quarter. True Wealth Design LLC raised its stake in shares of MarketAxess by 992.9% during the 2nd quarter. True Wealth Design LLC now owns 153 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 139 shares in the last quarter. Harbor Investment Advisory LLC purchased a new stake in MarketAxess during the second quarter valued at approximately $37,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in MarketAxess by 51.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 248 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 84 shares in the last quarter. 99.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Barclays upped their price target on MarketAxess from $186.00 to $188.00 and gave the stock an “equal weight” rating in a research report on Monday, November 10th. Morgan Stanley lowered MarketAxess from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $247.00 to $209.00 in a research report on Thursday, November 20th. Argus decreased their price target on MarketAxess from $212.00 to $205.00 and set a “buy” rating for the company in a research note on Wednesday. Weiss Ratings reissued a “sell (d+)” rating on shares of MarketAxess in a report on Monday. Finally, UBS Group dropped their price target on MarketAxess from $255.00 to $240.00 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $205.27.

MarketAxess Price Performance

Shares of MKTX stock opened at $178.78 on Friday. The business has a fifty day moving average of $168.80 and a 200 day moving average of $188.79. MarketAxess Holdings Inc. has a 1 year low of $156.17 and a 1 year high of $232.84. The firm has a market capitalization of $6.65 billion, a price-to-earnings ratio of 30.40, a price-to-earnings-growth ratio of 8.22 and a beta of 1.00.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings data on Friday, November 7th. The financial services provider reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.15. MarketAxess had a return on equity of 20.20% and a net margin of 26.16%.The business had revenue of $208.82 million for the quarter, compared to analyst estimates of $212.59 million. During the same period in the prior year, the company earned $1.90 earnings per share. The company’s revenue was up 1.0% on a year-over-year basis. As a group, equities research analysts expect that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.

MarketAxess Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 3rd. Investors of record on Wednesday, November 19th were issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 1.7%. The ex-dividend date was Wednesday, November 19th. MarketAxess’s dividend payout ratio is 51.70%.

MarketAxess Profile

MarketAxess Holdings Inc operates a leading global electronic trading platform specializing in fixed-income securities and related products. The company’s network enables institutional investors and broker-dealers to trade corporate bonds, municipal securities, emerging markets debt, U.S. Treasuries and credit default swaps in an automated, multi-dealer environment. MarketAxess also offers portfolio trading, data analytics, best-execution tools and post-trade services to streamline workflows and enhance price discovery across its marketplace.

In addition to core voice-like trading protocols, MarketAxess provides Open Trading®, an anonymous, all-to-all trading protocol designed to improve liquidity and transaction efficiency.