MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 42.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,981 shares of the financial services provider’s stock after acquiring an additional 3,898 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in MarketAxess were worth $6,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MKTX. Norges Bank acquired a new position in shares of MarketAxess in the 4th quarter valued at $159,554,000. JPMorgan Chase & Co. raised its holdings in MarketAxess by 21.2% in the 1st quarter. JPMorgan Chase & Co. now owns 1,559,329 shares of the financial services provider’s stock valued at $518,585,000 after acquiring an additional 272,647 shares during the last quarter. Wells Fargo & Company MN raised its holdings in MarketAxess by 19.8% in the 1st quarter. Wells Fargo & Company MN now owns 938,243 shares of the financial services provider’s stock valued at $312,031,000 after acquiring an additional 154,850 shares during the last quarter. Banco Santander S.A. increased its holdings in shares of MarketAxess by 213.9% during the 1st quarter. Banco Santander S.A. now owns 166,001 shares of the financial services provider’s stock worth $55,207,000 after buying an additional 113,114 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of MarketAxess by 270.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 136,122 shares of the financial services provider’s stock worth $45,271,000 after buying an additional 99,363 shares during the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Christophe Pierre Danie Roupie sold 1,920 shares of MarketAxess stock in a transaction on Monday, May 4th. The shares were sold at an average price of $457.00, for a total transaction of $877,440.00. Following the sale, the insider now directly owns 10,914 shares in the company, valued at approximately $4,987,698. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen P. Casper sold 2,000 shares of MarketAxess stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $479.44, for a total transaction of $958,880.00. Following the sale, the director now owns 13,367 shares in the company, valued at $6,408,674.48. The disclosure for this sale can be found here. Insiders have sold a total of 29,170 shares of company stock worth $14,047,103 over the last quarter. 3.05% of the stock is owned by company insiders.

MarketAxess stock opened at $516.70 on Friday. The stock has a market cap of $19.62 billion, a P/E ratio of 74.88 and a beta of 0.63. The company has a fifty day simple moving average of $514.01 and a 200-day simple moving average of $426.10. MarketAxess Holdings Inc. has a 12-month low of $275.49 and a 12-month high of $561.68. The company has a current ratio of 7.42, a quick ratio of 7.53 and a debt-to-equity ratio of 0.11.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $2.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.12 by $0.08. The business had revenue of $184.80 million during the quarter, compared to analysts’ expectations of $185.16 million. MarketAxess had a net margin of 42.74% and a return on equity of 33.75%. During the same period in the previous year, the company earned $1.27 EPS. As a group, sell-side analysts forecast that MarketAxess Holdings Inc. will post 7.55 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Wednesday, August 5th will be paid a dividend of $0.60 per share. The ex-dividend date is Tuesday, August 4th. This represents a $2.40 annualized dividend and a yield of 0.46%. MarketAxess’s dividend payout ratio is currently 44.44%.

A number of brokerages have recently issued reports on MKTX. BidaskClub downgraded shares of MarketAxess from a “buy” rating to a “hold” rating in a report on Tuesday, July 21st. Rosenblatt Securities lifted their target price on shares of MarketAxess from $455.00 to $465.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. Credit Suisse Group lifted their target price on shares of MarketAxess from $410.00 to $448.00 and gave the company a “neutral” rating in a report on Tuesday, June 9th. Deutsche Bank lifted their target price on shares of MarketAxess from $535.00 to $555.00 and gave the company a “hold” rating in a report on Thursday, July 9th. Finally, Piper Sandler lifted their target price on shares of MarketAxess from $520.00 to $535.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. One analyst has rated the stock with a sell rating, ten have issued 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 a consensus price target of $403.00.

MarketAxess Company Profile

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 firms the access to global liquidity in U.S.

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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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