LS Investment Advisors LLC increased its stake in MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 15.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,613 shares of the financial services provider’s stock after buying an additional 488 shares during the period. LS Investment Advisors LLC’s holdings in MarketAxess Holdings were worth $727,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Cutler Group LP acquired a new stake in shares of MarketAxess Holdings during the second quarter valued at about $110,000. Puzo Michael J acquired a new stake in shares of MarketAxess Holdings during the first quarter valued at about $212,000. Gardiner Nancy B acquired a new stake in shares of MarketAxess Holdings during the first quarter valued at about $224,000. Independence Trust CO acquired a new stake in shares of MarketAxess Holdings during the first quarter valued at about $240,000. Finally, WMS Partners LLC acquired a new stake in shares of MarketAxess Holdings during the first quarter valued at about $243,000. Institutional investors own 90.36% of the company’s stock.
Shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX) traded down 1.73% during mid-day trading on Friday, reaching $188.71. 344,094 shares of the company traded hands. MarketAxess Holdings, Inc. has a 52-week low of $145.10 and a 52-week high of $211.06. The stock has a market capitalization of $7.08 billion, a PE ratio of 49.63 and a beta of 0.69. The stock’s 50 day moving average is $197.59 and its 200 day moving average is $192.63.
MarketAxess Holdings (NASDAQ:MKTX) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.08. The company had revenue of $97.31 million during the quarter, compared to analysts’ expectations of $96.42 million. MarketAxess Holdings had a return on equity of 30.38% and a net margin of 37.46%. MarketAxess Holdings’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the business posted $0.88 EPS. On average, analysts anticipate that MarketAxess Holdings, Inc. will post $4.12 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 10th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.32 dividend on an annualized basis and a yield of 0.70%. MarketAxess Holdings’s payout ratio is 34.65%.
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Several equities analysts recently issued reports on the stock. BidaskClub downgraded shares of MarketAxess Holdings from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $205.00 price objective on shares of MarketAxess Holdings in a research note on Thursday, July 6th. Zacks Investment Research lowered shares of MarketAxess Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 10th. Finally, Raymond James Financial, Inc. upped their price target on shares of MarketAxess Holdings from $216.00 to $219.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. MarketAxess Holdings has an average rating of “Buy” and an average target price of $197.17.
In other news, CEO Richard M. Mcvey sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $198.63, for a total value of $3,972,600.00. Following the completion of the sale, the chief executive officer now owns 1,108,142 shares of the company’s stock, valued at approximately $220,110,245.46. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Kevin M. Mcpherson sold 9,286 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $201.35, for a total value of $1,869,736.10. Following the completion of the sale, the insider now directly owns 90,929 shares of the company’s stock, valued at approximately $18,308,554.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,882 shares of company stock valued at $6,966,237. 4.51% of the stock is owned by company insiders.
About MarketAxess Holdings
MarketAxess Holdings Inc operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using its trading technology. Institutional investor and broker-dealer firms are users of trading platform, accessing global liquidity in the United States corporate bonds, emerging markets and high-yield bonds, European bonds, the United States agency bonds, municipal bonds, credit default swaps and other fixed-income securities.
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