Bank of Montreal Can reduced its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 6.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,894 shares of the financial services provider’s stock after selling 1,154 shares during the quarter. Bank of Montreal Can’s holdings in MarketAxess were worth $3,193,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its holdings in shares of MarketAxess by 0.5% during the first quarter. Principal Financial Group Inc. now owns 160,724 shares of the financial services provider’s stock valued at $34,948,000 after acquiring an additional 836 shares during the period. KAMES CAPITAL plc raised its holdings in shares of MarketAxess by 0.6% in the second quarter. KAMES CAPITAL plc now owns 374,712 shares of the financial services provider’s stock valued at $74,131,000 after buying an additional 2,322 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of MarketAxess by 32.2% in the second quarter. State of Alaska Department of Revenue now owns 4,470 shares of the financial services provider’s stock valued at $884,000 after buying an additional 1,090 shares during the last quarter. Xact Kapitalforvaltning AB raised its holdings in shares of MarketAxess by 13.2% in the second quarter. Xact Kapitalforvaltning AB now owns 5,144 shares of the financial services provider’s stock valued at $1,018,000 after buying an additional 600 shares during the last quarter. Finally, Forte Capital LLC ADV raised its holdings in shares of MarketAxess by 3.2% in the second quarter. Forte Capital LLC ADV now owns 37,583 shares of the financial services provider’s stock valued at $7,436,000 after buying an additional 1,155 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors.
A number of research analysts recently issued reports on MKTX shares. BidaskClub raised MarketAxess from a “sell” rating to a “hold” rating in a report on Friday, August 31st. Compass Point started coverage on MarketAxess in a report on Tuesday, July 24th. They issued a “neutral” rating and a $205.00 price target for the company. Barclays reaffirmed a “hold” rating and issued a $198.00 price target on shares of MarketAxess in a report on Friday, October 12th. Jefferies Financial Group started coverage on MarketAxess in a report on Wednesday, August 1st. They issued a “hold” rating and a $219.00 price target for the company. Finally, ValuEngine raised MarketAxess from a “hold” rating to a “buy” rating in a report on Monday, July 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $210.63.
In other MarketAxess news, CEO Richard M. Mcvey sold 23,842 shares of the business’s stock in a transaction dated Tuesday, October 30th. The stock was 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 directly owns 1,054,986 shares of the company’s stock, valued at approximately $223,583,182.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nicholas Themelis sold 12,831 shares of the business’s stock in a transaction dated 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 have sold a total of 56,673 shares of company stock valued at $11,179,945 over the last three months. Company insiders own 3.52% of the company’s stock.
Shares of NASDAQ:MKTX opened at $207.09 on Tuesday. The stock has a market cap of $8.04 billion, a price-to-earnings ratio of 53.10, a PEG ratio of 9.67 and a beta of 0.11. MarketAxess Holdings Inc. has a 1-year low of $171.53 and a 1-year high of $229.84.
MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $1.02 earnings per share for the quarter, topping the Thomson Reuters’ 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 return on equity of 29.40% and a net margin of 37.97%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.90 EPS. On average, equities analysts anticipate that MarketAxess Holdings Inc. will post 4.42 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Wednesday, November 7th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $1.68 annualized dividend and a yield of 0.81%. MarketAxess’s dividend payout ratio is currently 43.08%.
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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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