Shell Asset Management Co. purchased a new stake in MarketAxess Holdings, Inc. (NASDAQ:MKTX) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 20,402 shares of the financial services provider’s stock, valued at approximately $1,262,000. Shell Asset Management Co. owned about 0.05% of MarketAxess Holdings as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. increased its stake in shares of MarketAxess Holdings by 2.1% in the 2nd quarter. BlackRock Inc. now owns 3,063,588 shares of the financial services provider’s stock valued at $616,087,000 after purchasing an additional 62,914 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of MarketAxess Holdings by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 2,894,267 shares of the financial services provider’s stock valued at $582,038,000 after purchasing an additional 38,702 shares during the last quarter. Baillie Gifford & Co. increased its stake in shares of MarketAxess Holdings by 5.1% in the 2nd quarter. Baillie Gifford & Co. now owns 2,752,949 shares of the financial services provider’s stock valued at $553,618,000 after purchasing an additional 134,588 shares during the last quarter. State Street Corp increased its stake in shares of MarketAxess Holdings by 0.4% in the 2nd quarter. State Street Corp now owns 984,978 shares of the financial services provider’s stock valued at $198,075,000 after purchasing an additional 4,168 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of MarketAxess Holdings by 8.4% in the 2nd quarter. Franklin Resources Inc. now owns 869,065 shares of the financial services provider’s stock valued at $174,782,000 after purchasing an additional 67,254 shares during the last quarter. Institutional investors own 90.17% of the company’s stock.
Shares of MarketAxess Holdings, Inc. (MKTX) opened at 173.05 on Tuesday. The company’s 50-day moving average price is $184.17 and its 200-day moving average price is $191.31. MarketAxess Holdings, Inc. has a 12 month low of $145.10 and a 12 month high of $211.06. The company has a market cap of $6.50 billion, a price-to-earnings ratio of 45.52 and a beta of 0.71.
MarketAxess Holdings (NASDAQ:MKTX) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.90. MarketAxess Holdings had a return on equity of 30.12% and a net margin of 37.67%. The company had revenue of $96.70 million for the quarter, compared to the consensus estimate of $96.35 million. During the same quarter last year, the business posted $0.82 earnings per share. The firm’s revenue was up 7.1% compared to the same quarter last year. Analysts anticipate that MarketAxess Holdings, Inc. will post $3.96 EPS for the current year.
MarketAxess Holdings announced that its board has authorized a share buyback plan on Wednesday, October 25th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th will be given a dividend of $0.33 per share. The ex-dividend date is Tuesday, November 7th. This represents a $1.32 dividend on an annualized basis and a yield of 0.76%. MarketAxess Holdings’s payout ratio is 33.93%.
Several equities analysts have recently issued reports on MKTX shares. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $205.00 price target on shares of MarketAxess Holdings in a research note on Thursday, July 6th. Zacks Investment Research lowered MarketAxess Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. BidaskClub upgraded MarketAxess Holdings from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Raymond James Financial, Inc. lifted their price target on MarketAxess Holdings from $216.00 to $219.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $192.40.
In other MarketAxess Holdings news, CEO Richard M. Mcvey sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $198.63, for a total transaction of $3,972,600.00. Following the sale, the chief executive officer now owns 1,108,142 shares in the company, valued at $220,110,245.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.02% of the company’s stock.
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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