Rosenblatt Securities restated their hold rating on shares of MarketAxess (NASDAQ:MKTX) in a research report sent to investors on Friday, AnalystRatings.com reports. The brokerage currently has a $343.00 price target on the financial services provider’s stock.
Other equities research analysts have also issued reports about the stock. Argus began coverage on shares of MarketAxess in a report on Thursday, August 29th. They issued a hold rating for the company. BidaskClub lowered shares of MarketAxess from a buy rating to a hold rating in a report on Friday. Jefferies Financial Group increased their target price on shares of MarketAxess from $318.00 to $339.00 and gave the stock a hold rating in a report on Friday, September 27th. Buckingham Research increased their target price on shares of MarketAxess from $241.00 to $249.00 and gave the stock an underperform rating in a report on Thursday, October 3rd. Finally, ValuEngine lowered shares of MarketAxess from a buy rating to a hold rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. MarketAxess presently has a consensus rating of Hold and an average target price of $324.83.
MarketAxess stock traded up $4.43 during midday trading on Friday, hitting $373.89. The stock had a trading volume of 244,717 shares, compared to its average volume of 249,964. The firm’s fifty day moving average is $375.00 and its two-hundred day moving average is $353.71. The company has a market capitalization of $14.23 billion, a PE ratio of 81.81 and a beta of 0.18. MarketAxess has a 52-week low of $199.04 and a 52-week high of $421.45. The company has a current ratio of 9.47, a quick ratio of 9.47 and a debt-to-equity ratio of 0.13.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were issued a dividend of $0.51 per share. This is a positive change from MarketAxess’s previous quarterly dividend of $0.20. This represents a $2.04 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Tuesday, November 5th. MarketAxess’s dividend payout ratio (DPR) is 44.64%.
In other MarketAxess news, CFO Antonio L. Delise sold 2,500 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $348.73, for a total transaction of $871,825.00. Following the completion of the sale, the chief financial officer now directly owns 44,157 shares of the company’s stock, valued at approximately $15,398,870.61. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Nicholas Themelis sold 4,000 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $348.66, for a total transaction of $1,394,640.00. Following the sale, the insider now directly owns 49,314 shares of the company’s stock, valued at $17,193,819.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,500 shares of company stock valued at $9,237,665. Insiders own 3.28% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in MKTX. JPMorgan Chase & Co. grew its holdings in MarketAxess by 221.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 857,638 shares of the financial services provider’s stock valued at $271,304,000 after buying an additional 591,073 shares in the last quarter. Baillie Gifford & Co. grew its holdings in shares of MarketAxess by 8.4% in the second quarter. Baillie Gifford & Co. now owns 4,375,906 shares of the financial services provider’s stock valued at $1,406,504,000 after purchasing an additional 339,211 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in shares of MarketAxess in the second quarter valued at $56,479,000. Natixis grew its holdings in shares of MarketAxess by 91.8% in the second quarter. Natixis now owns 301,784 shares of the financial services provider’s stock valued at $96,999,000 after purchasing an additional 144,431 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of MarketAxess by 29.6% in the second quarter. Northern Trust Corp now owns 396,741 shares of the financial services provider’s stock valued at $127,520,000 after purchasing an additional 90,629 shares in the last quarter. 96.09% of the stock is 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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