Standard Life Aberdeen plc Has $22.89 Million Position in MarketAxess Holdings Inc. (MKTX)

Standard Life Aberdeen plc grew its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 0.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 128,185 shares of the financial services provider’s stock after purchasing an additional 897 shares during the period. Standard Life Aberdeen plc owned approximately 0.34% of MarketAxess worth $22,891,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. BlackRock Inc. boosted its position in shares of MarketAxess by 1.9% during the 3rd quarter. BlackRock Inc. now owns 3,475,311 shares of the financial services provider’s stock worth $620,307,000 after purchasing an additional 63,817 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of 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 purchasing an additional 124,489 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of 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 purchasing an additional 151,439 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of MarketAxess by 2.1% during the 2nd quarter. Janus Henderson Group PLC now owns 680,335 shares of the financial services provider’s stock worth $134,611,000 after purchasing an additional 14,096 shares in the last quarter. Finally, Van Berkom & Associates Inc. boosted its position in shares of MarketAxess by 0.7% during the 2nd quarter. Van Berkom & Associates Inc. now owns 469,609 shares of the financial services provider’s stock worth $92,917,000 after purchasing an additional 3,187 shares in the last quarter. Institutional investors own 99.27% of the company’s stock.

In related news, CEO Richard M. Mcvey sold 23,842 shares of the business’s stock in a transaction dated Tuesday, October 30th. The shares were sold at an average price of $211.93, for a total value of $5,052,835.06. Following the completion of the transaction, the chief executive officer now owns 1,054,986 shares of the company’s stock, valued at approximately $223,583,182.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kevin M. Mcpherson sold 2,500 shares of the business’s stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $216.89, for a total transaction of $542,225.00. The disclosure for this sale can be found here. Insiders own 3.52% of the company’s stock.

MKTX has been the topic of several research analyst reports. BidaskClub upgraded shares of MarketAxess from a “hold” rating to a “buy” rating in a research report on Thursday, November 22nd. ValuEngine upgraded shares of MarketAxess from a “hold” rating to a “buy” rating in a research report on Thursday, October 4th. Zacks Investment Research upgraded shares of MarketAxess from a “hold” rating to a “buy” rating and set a $246.00 target price on the stock in a research report on Wednesday. Barclays initiated coverage on shares of MarketAxess in a research report on Friday, September 7th. They set an “equal weight” rating and a $200.00 target price on the stock. Finally, Goldman Sachs Group initiated coverage on shares of MarketAxess in a research report on Monday, November 5th. They set a “sell” rating on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $211.63.

NASDAQ:MKTX opened at $221.99 on Wednesday. The firm has a market cap of $8.19 billion, a PE ratio of 56.92, a PEG ratio of 9.74 and a beta of 0.09. MarketAxess Holdings Inc. has a 52-week low of $172.09 and a 52-week high of $229.84.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.09. The business had revenue of $101.44 million during the quarter, compared to the consensus estimate of $101.19 million. MarketAxess had a return on equity of 29.40% and a net margin of 37.97%. The business’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.90 EPS. Research analysts forecast that MarketAxess Holdings Inc. will post 4.51 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 21st. Stockholders of record on Wednesday, November 7th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Tuesday, November 6th. MarketAxess’s dividend payout ratio (DPR) is presently 43.08%.

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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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