Pacer Advisors Inc. Raises Position in MarketAxess Holdings Inc. (MKTX)

Pacer Advisors Inc. increased its position in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 12.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,356 shares of the financial services provider’s stock after buying an additional 1,462 shares during the quarter. Pacer Advisors Inc.’s holdings in MarketAxess were worth $2,384,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of MKTX. Artisan Partners Limited Partnership purchased a new position in shares of MarketAxess in the 2nd quarter worth $54,723,000. Capital International Investors purchased a new position in shares of MarketAxess in the 3rd quarter worth $39,268,000. Capital World Investors raised its position in shares of MarketAxess by 9.8% in the 3rd quarter. Capital World Investors now owns 1,875,100 shares of the financial services provider’s stock worth $334,687,000 after buying an additional 167,500 shares during the period. Alliancebernstein L.P. raised its position in shares of MarketAxess by 23.6% in the 3rd quarter. Alliancebernstein L.P. now owns 792,307 shares of the financial services provider’s stock worth $141,419,000 after buying an additional 151,439 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of MarketAxess by 11.0% in the 3rd quarter. Wells Fargo & Company MN now owns 1,253,683 shares of the financial services provider’s stock worth $223,770,000 after buying an additional 124,489 shares during the period. 99.27% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:MKTX opened at $226.50 on Friday. MarketAxess Holdings Inc. has a 12 month low of $172.09 and a 12 month high of $231.33. The stock has a market capitalization of $8.51 billion, a price-to-earnings ratio of 58.08, a P/E/G ratio of 10.06 and a beta of 0.09.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $1.02 EPS for the quarter, beating the consensus estimate of $0.93 by $0.09. MarketAxess had a return on equity of 29.40% and a net margin of 37.97%. The company had revenue of $101.44 million for the quarter, compared to analyst estimates of $101.19 million. During the same period last year, the company posted $0.90 earnings per share. The firm’s revenue was up 6.1% compared to the same quarter last year. As a group, equities research analysts anticipate that MarketAxess Holdings Inc. will post 4.51 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Wednesday, November 7th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Tuesday, November 6th. MarketAxess’s dividend payout ratio (DPR) is presently 43.08%.

In other MarketAxess news, CEO Richard M. Mcvey sold 23,842 shares of the firm’s stock in a transaction dated Tuesday, October 30th. The stock was sold at an average price of $211.93, for a total value of $5,052,835.06. Following the transaction, the chief executive officer now directly owns 1,054,986 shares of the company’s stock, valued at $223,583,182.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kevin M. Mcpherson sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $216.89, for a total value of $542,225.00. The disclosure for this sale can be found here. Company insiders own 3.52% of the company’s stock.

Several brokerages recently weighed in on MKTX. Zacks Investment Research raised MarketAxess from a “sell” rating to a “hold” rating in a research report on Tuesday, September 25th. Barclays reaffirmed a “hold” rating and issued a $198.00 target price on shares of MarketAxess in a research report on Friday, October 12th. BidaskClub lowered MarketAxess from a “hold” rating to a “sell” rating in a research report on Thursday, September 13th. Finally, Goldman Sachs Group began coverage on MarketAxess in a research report on Monday, November 5th. They issued a “sell” rating on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. MarketAxess has a consensus rating of “Hold” and a consensus price target of $214.71.

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MarketAxess 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 the access to global liquidity in U.S.

See Also: How can investors find ex-dividend dates?

Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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