Several other brokerages have also issued reports on MKTX. Deutsche Bank lifted their price objective on shares of MarketAxess from $332.00 to $336.00 and gave the company a hold rating in a report on Wednesday, August 14th. Barclays lifted their price objective on shares of MarketAxess from $244.00 to $289.00 and gave the company an equal weight rating in a report on Friday, June 28th. Buckingham Research lowered shares of MarketAxess from a neutral rating to an underperform rating and set a $245.00 price objective on the stock. in a report on Wednesday, June 12th. Argus started coverage on shares of MarketAxess in a report on Thursday, August 29th. They set a hold rating on the stock. Finally, ValuEngine lowered shares of MarketAxess from a strong-buy rating to a buy rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $277.20.
Shares of NASDAQ:MKTX traded down $14.85 during trading on Thursday, reaching $330.29. 430,556 shares of the company were exchanged, compared to its average volume of 367,248. The firm has a market capitalization of $12.92 billion, a PE ratio of 72.27 and a beta of 0.17. The business’s fifty day simple moving average is $370.45 and its 200-day simple moving average is $307.54. MarketAxess has a 12-month low of $172.09 and a 12-month high of $421.45. The company has a debt-to-equity ratio of 0.14, a current ratio of 10.05 and a quick ratio of 10.05.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend was Tuesday, August 6th. MarketAxess’s dividend payout ratio is currently 44.64%.
In other MarketAxess news, CEO Richard M. Mcvey sold 20,000 shares of MarketAxess stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $350.07, for a total value of $7,001,400.00. Following the transaction, the chief executive officer now directly owns 1,044,249 shares of the company’s stock, valued at $365,560,247.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen P. Casper sold 1,000 shares of MarketAxess stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $402.82, for a total transaction of $402,820.00. Following the completion of the transaction, the director now directly owns 13,567 shares in the company, valued at $5,465,058.94. The disclosure for this sale can be found here. Insiders sold 23,750 shares of company stock worth $8,359,543 over the last ninety days. Corporate insiders own 3.28% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in MarketAxess in the second quarter worth $2,346,000. Hancock Whitney Corp grew its holdings in MarketAxess by 38.3% in the second quarter. Hancock Whitney Corp now owns 22,456 shares of the financial services provider’s stock worth $7,218,000 after purchasing an additional 6,223 shares during the last quarter. Toronto Dominion Bank grew its holdings in MarketAxess by 727.4% in the second quarter. Toronto Dominion Bank now owns 22,158 shares of the financial services provider’s stock worth $7,122,000 after purchasing an additional 19,480 shares during the last quarter. Atria Investments LLC grew its holdings in MarketAxess by 43.2% in the second quarter. Atria Investments LLC now owns 4,857 shares of the financial services provider’s stock worth $1,778,000 after purchasing an additional 1,466 shares during the last quarter. Finally, Natixis grew its holdings in MarketAxess by 91.8% in the second quarter. Natixis now owns 301,784 shares of the financial services provider’s stock worth $96,999,000 after purchasing an additional 144,431 shares during the last quarter. 99.91% of the stock is currently owned by institutional investors and hedge funds.
MarketAxess Company 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 firms the access to global liquidity in U.S.
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