LS Investment Advisors LLC reduced its position in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 11.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,111 shares of the financial services provider’s stock after selling 285 shares during the period. LS Investment Advisors LLC’s holdings in MarketAxess were worth $446,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MKTX. Atria Investments LLC increased its stake in MarketAxess by 25.6% in the 3rd quarter. Atria Investments LLC now owns 1,358 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 277 shares in the last quarter. First Hawaiian Bank purchased a new position in MarketAxess in the 3rd quarter valued at approximately $113,000. Nisa Investment Advisors LLC increased its stake in MarketAxess by 42.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 11,000 shares of the financial services provider’s stock valued at $1,963,000 after purchasing an additional 3,300 shares in the last quarter. Forte Capital LLC ADV increased its stake in MarketAxess by 5.6% in the 3rd quarter. Forte Capital LLC ADV now owns 39,677 shares of the financial services provider’s stock valued at $7,081,000 after purchasing an additional 2,094 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in MarketAxess by 2.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 9,450 shares of the financial services provider’s stock valued at $1,686,000 after purchasing an additional 262 shares in the last quarter. 99.19% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Kevin M. Mcpherson sold 2,500 shares of MarketAxess stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $216.89, for a total transaction of $542,225.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Richard M. Mcvey sold 20,000 shares of MarketAxess stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $220.94, for a total value of $4,418,800.00. Following the sale, the chief executive officer now directly owns 1,023,640 shares in the company, valued at $226,163,021.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,687 shares of company stock worth $5,648,206. Corporate insiders own 3.52% of the company’s stock.
Shares of NASDAQ MKTX opened at $225.41 on Wednesday. MarketAxess Holdings Inc. has a 1 year low of $172.09 and a 1 year high of $231.33. The stock has a market cap of $8.40 billion, a PE ratio of 49.32, a price-to-earnings-growth ratio of 8.53 and a beta of 0.11.
MarketAxess (NASDAQ:MKTX) last announced its earnings results on Wednesday, January 30th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.06. MarketAxess had a return on equity of 30.31% and a net margin of 39.69%. The business had revenue of $112.44 million for the quarter, compared to analyst estimates of $112.37 million. During the same period in the previous year, the company earned $0.88 earnings per share. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, research analysts predict that MarketAxess Holdings Inc. will post 5.18 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 27th. Stockholders of record on Wednesday, February 13th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 0.91%. This is a positive change from MarketAxess’s previous quarterly dividend of $0.42. The ex-dividend date is Tuesday, February 12th. MarketAxess’s payout ratio is presently 36.76%.
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.
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