MarketAxess (NASDAQ:MKTX) General Counsel Sells $16,260.00 in Stock

MarketAxess Holdings Inc. (NASDAQ:MKTX) General Counsel Scott Pintoff sold 100 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $162.60, for a total value of $16,260.00. Following the transaction, the general counsel owned 11,586 shares of the company’s stock, valued at approximately $1,883,883.60. The trade was a 0.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Scott Pintoff also recently made the following trade(s):

• On Friday, July 10th, Scott Pintoff sold 100 shares of MarketAxess stock. The stock was sold at an average price of $115.12, for a total value of $11,512.00.
• On Wednesday, June 10th, Scott Pintoff sold 100 shares of MarketAxess stock. The shares were sold at an average price of $116.03, for a total value of $11,603.00.

MarketAxess Stock Performance

Shares of MKTX opened at $162.60 on Thursday. MarketAxess Holdings Inc. has a 1 year low of $108.75 and a 1 year high of $195.96. The company has a market cap of $5.72 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 4.12 and a beta of 0.83. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.17 and a current ratio of 2.17. The firm has a fifty day moving average of $125.76 and a 200-day moving average of $151.07.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.95 EPS for the quarter, topping the consensus estimate of $1.85 by $0.10. The business had revenue of $218.41 million during the quarter, compared to analyst estimates of $216.70 million. MarketAxess had a net margin of 35.22% and a return on equity of 22.48%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.00 earnings per share. As a group, equities analysts anticipate that MarketAxess Holdings Inc. will post 8.05 earnings per share for the current year.

MarketAxess Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, August 19th. MarketAxess’s dividend payout ratio is 36.79%.

Institutional Trading of MarketAxess

Several institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp lifted its holdings in MarketAxess by 151.0% in the 1st quarter. Jones Financial Companies Lllp now owns 2,683 shares of the financial services provider’s stock valued at $580,000 after acquiring an additional 1,614 shares during the last quarter. Empowered Funds LLC boosted its position in shares of MarketAxess by 8.4% during the 1st quarter. Empowered Funds LLC now owns 1,716 shares of the financial services provider’s stock valued at $371,000 after purchasing an additional 133 shares in the last quarter. Woodline Partners LP grew its stake in shares of MarketAxess by 40.7% in the 1st quarter. Woodline Partners LP now owns 3,185 shares of the financial services provider’s stock worth $689,000 after purchasing an additional 921 shares during the last quarter. Geneos Wealth Management Inc. grew its stake 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 purchasing an additional 80 shares during the last quarter. Finally, Sivia Capital Partners LLC acquired a new position in shares of MarketAxess in the 2nd quarter worth approximately $406,000. Institutional investors and hedge funds own 99.01% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. William Blair downgraded MarketAxess from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 30th. Piper Sandler decreased their price target on MarketAxess from $175.00 to $128.00 and set a “neutral” rating for the company in a research note on Wednesday, July 15th. Weiss Ratings reissued a “sell (d+)” rating on shares of MarketAxess in a report on Monday, August 3rd. Bank of America upgraded shares of MarketAxess from an “underperform” rating to a “neutral” rating and set a $170.00 price objective on the stock in a research note on Friday, June 12th. Finally, UBS Group downgraded shares of MarketAxess from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $200.00 to $167.00 in a report on Friday, July 31st. One analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, MarketAxess presently has a consensus rating of “Hold” and a consensus target price of $156.10.

About MarketAxess

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.