MarketAxess Holdings Inc. (MKTX) Plans Dividend of $0.42

MarketAxess Holdings Inc. (NASDAQ:MKTX) declared a dividend on Wednesday, January 31st, Fidelity reports. Investors of record on Wednesday, February 14th will be given a dividend of 0.42 per share by the financial services provider on Wednesday, February 28th. This represents a yield of 0.00215097818293557%. The ex-dividend date of this dividend is Tuesday, February 13th. This is a positive change from MarketAxess’s previous dividend of $0.20.

MarketAxess (MKTX) opened at $189.16 on Monday. The firm has a market capitalization of $7,100.49, a price-to-earnings ratio of 48.50 and a beta of 0.60. MarketAxess has a 52-week low of $171.45 and a 52-week high of $211.06.

In other MarketAxess news, Director David G. Gomach sold 4,225 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $197.98, for a total transaction of $836,465.50. Following the sale, the director now directly owns 259 shares of the company’s stock, valued at $51,276.82. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stephen P. Casper sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $195.84, for a total value of $391,680.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,450 shares of company stock worth $9,517,696. Insiders own 4.02% of the company’s stock.

MarketAxess declared that its board has authorized a stock buyback plan on Wednesday, October 25th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Several research firms recently weighed in on MKTX. BidaskClub downgraded MarketAxess from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Zacks Investment Research downgraded MarketAxess from a “buy” rating to a “hold” rating in a research report on Wednesday, January 24th. Raymond James Financial reiterated a “market perform” rating on shares of MarketAxess in a research report on Monday, January 22nd. UBS Group cut MarketAxess from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Finally, Goldman Sachs Group cut MarketAxess from a “buy” rating to a “neutral” rating and set a $210.00 price target on the stock. in a report on Monday, January 8th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. MarketAxess presently has an average rating of “Hold” and an average target price of $214.40.

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MarketAxess 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.

Dividend History for MarketAxess (NASDAQ:MKTX)

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