MarketAxess Holdings, Inc. (NASDAQ:MKTX) announced a quarterly dividend on Thursday, October 26th, Wall Street Journal reports. Shareholders of record on Wednesday, November 8th will be paid a dividend of 0.33 per share by the financial services provider on Wednesday, November 22nd. This represents a $1.32 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Tuesday, November 7th.
MarketAxess Holdings (NASDAQ:MKTX) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.90. The business had revenue of $96.70 million for the quarter, compared to analysts’ expectations of $96.35 million. MarketAxess Holdings had a return on equity of 30.12% and a net margin of 37.67%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.82 earnings per share.
Several equities analysts recently issued reports on MKTX shares. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $210.00 price target on shares of MarketAxess Holdings in a report on Friday, July 14th. Zacks Investment Research upgraded MarketAxess Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Raymond James Financial, Inc. raised their target price on MarketAxess Holdings from $216.00 to $219.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th. Finally, BidaskClub upgraded MarketAxess Holdings from a “hold” rating to a “buy” rating in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $192.40.
MarketAxess Holdings declared that its board has initiated a stock repurchase plan on Wednesday, October 25th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
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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 transaction, the chief executive officer now owns 1,108,142 shares in the company, valued at $220,110,245.46. The sale was disclosed in a document filed with the SEC, which is available through this link. 4.02% of the stock is currently owned by company insiders.
MarketAxess Holdings Company Profile
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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