MarketAxess (NASDAQ:MKTX) General Counsel Scott Pintoff Sells 100 Shares

MarketAxess Holdings Inc. (NASDAQ:MKTX) General Counsel Scott Pintoff sold 100 shares of MarketAxess stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $163.32, for a total value of $16,332.00. Following the transaction, the general counsel owned 11,486 shares in the company, valued at approximately $1,875,893.52. The trade was a 0.86% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, August 10th, Scott Pintoff sold 100 shares of MarketAxess stock. The shares were sold at an average price of $162.60, for a total value of $16,260.00.
• 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.

MarketAxess Trading Down 0.1%

Shares of MKTX stock opened at $163.00 on Friday. The company’s 50-day moving average price is $145.93 and its 200-day moving average price is $149.79. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.09. The stock has a market cap of $5.74 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 2.08 and a beta of 0.83. MarketAxess Holdings Inc. has a twelve month low of $108.75 and a twelve month high of $195.96.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.10. MarketAxess had a net margin of 35.22% and a return on equity of 22.48%. The firm had revenue of $218.41 million during the quarter, compared to analysts’ expectations of $216.70 million. During the same period last year, the business earned $2.00 earnings per share. MarketAxess’s revenue was down .5% compared to the same quarter last year. As a group, equities analysts predict that MarketAxess Holdings Inc. will post 8.06 earnings per share for the current year.

MarketAxess Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were issued a dividend of $0.78 per share. The ex-dividend date was Wednesday, August 19th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.9%. MarketAxess’s dividend payout ratio (DPR) is currently 36.79%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on MKTX shares. Bank of America raised MarketAxess from an “underperform” rating to a “neutral” rating and set a $170.00 target price for the company in a research note on Friday, June 12th. William Blair cut MarketAxess from an “outperform” rating to a “market perform” rating in a report on Thursday, July 30th. Barclays raised their price objective on MarketAxess from $132.00 to $167.00 and gave the stock an “equal weight” rating in a research report on Monday, August 10th. Rothschild & Co Redburn reaffirmed a “neutral” rating and issued a $134.00 target price (down from $189.00) on shares of MarketAxess in a research report on Thursday, June 11th. Finally, Wall Street Zen cut shares of MarketAxess from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. One research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, MarketAxess presently has a consensus rating of “Hold” and an average price target of $156.10.

Hedge Funds Weigh In On MarketAxess

Hedge funds have recently bought and sold shares of the company. Amundi lifted its holdings in MarketAxess by 803.9% during the 1st quarter. Amundi now owns 258,708 shares of the financial services provider’s stock worth $42,682,000 after buying an additional 230,087 shares in the last quarter. Legal & General Group Plc acquired a new position in shares of MarketAxess in the second quarter worth $9,585,000. Bank of America Corp DE increased its position in shares of MarketAxess by 32.4% during the first quarter. Bank of America Corp DE now owns 263,858 shares of the financial services provider’s stock worth $43,531,000 after acquiring an additional 64,627 shares during the period. Hsbc Holdings PLC increased its position in shares of MarketAxess by 638.7% during the first quarter. Hsbc Holdings PLC now owns 21,009 shares of the financial services provider’s stock worth $3,472,000 after acquiring an additional 18,165 shares during the period. Finally, RDST Capital LLC acquired a new stake in shares of MarketAxess in the second quarter valued at $28,045,000. Institutional investors and hedge funds own 99.01% of the company’s stock.

MarketAxess Company Profile

MarketAxess Holdings Inc operates an electronic trading platform for institutional fixed-income markets. Through its technology, investors and dealers can trade corporate bonds, government securities, emerging-market debt and other credit products in an electronic environment designed to improve access, execution and transparency.

The company’s offerings include its Open Trading marketplace, which connects a broad network of institutional participants, as well as a range of trading protocols that support different liquidity and execution needs.