Jefferies Financial Group Comments on MarketAxess Holdings Inc.’s Q1 2022 Earnings (NASDAQ:MKTX)

MarketAxess Holdings Inc. (NASDAQ:MKTXGet Rating) – Analysts at Jefferies Financial Group decreased their Q1 2022 earnings per share estimates for shares of MarketAxess in a research report issued on Monday, April 11th. Jefferies Financial Group analyst D. Fannon now anticipates that the financial services provider will post earnings per share of $1.73 for the quarter, down from their previous forecast of $1.84. Jefferies Financial Group also issued estimates for MarketAxess’ FY2022 earnings at $7.20 EPS, Q1 2023 earnings at $2.08 EPS, Q2 2023 earnings at $2.29 EPS and Q3 2023 earnings at $2.06 EPS.

A number of other analysts have also recently weighed in on the stock. Compass Point cut shares of MarketAxess from a “neutral” rating to a “sell” rating and set a $300.00 target price on the stock. in a research note on Thursday, January 27th. Atlantic Securities started coverage on shares of MarketAxess in a research note on Tuesday, February 8th. They set a “neutral” rating and a $380.00 target price on the stock. Zacks Investment Research cut shares of MarketAxess from a “hold” rating to a “sell” rating and set a $345.00 target price on the stock. in a research note on Friday, January 28th. Raymond James cut shares of MarketAxess from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 6th. Finally, StockNews.com started coverage on shares of MarketAxess in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, MarketAxess presently has an average rating of “Hold” and an average price target of $387.11.

NASDAQ MKTX opened at $271.58 on Tuesday. MarketAxess has a 1-year low of $269.67 and a 1-year high of $545.77. The company has a 50 day moving average of $351.68 and a 200-day moving average of $375.32. The company has a market cap of $10.28 billion, a price-to-earnings ratio of 40.12 and a beta of 0.41.

MarketAxess (NASDAQ:MKTXGet Rating) last released its quarterly earnings results on Wednesday, January 26th. The financial services provider reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.06). MarketAxess had a net margin of 36.90% and a return on equity of 25.12%. The business had revenue of $165.10 million during the quarter, compared to analyst estimates of $164.04 million. During the same quarter in the previous year, the firm posted $1.91 earnings per share. The firm’s quarterly revenue was down 3.7% on a year-over-year basis.

Several hedge funds and other institutional investors have recently made changes to their positions in MKTX. Allspring Global Investments Holdings LLC acquired a new position in shares of MarketAxess during the fourth quarter valued at about $450,263,000. Allianz Asset Management GmbH increased its position in shares of MarketAxess by 1,491.0% during the third quarter. Allianz Asset Management GmbH now owns 394,480 shares of the financial services provider’s stock worth $165,954,000 after acquiring an additional 369,685 shares in the last quarter. Norges Bank bought a new stake in shares of MarketAxess during the fourth quarter worth about $140,595,000. Marathon Asset Mgmt Ltd bought a new stake in shares of MarketAxess during the third quarter worth about $59,651,000. Finally, Goldman Sachs Group Inc. increased its position in shares of MarketAxess by 66.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 232,017 shares of the financial services provider’s stock worth $95,423,000 after acquiring an additional 92,362 shares in the last quarter. Hedge funds and other institutional investors own 98.19% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 23rd. Stockholders of record on Wednesday, February 9th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, February 8th. This represents a $2.80 annualized dividend and a dividend yield of 1.03%. This is a positive change from MarketAxess’s previous quarterly dividend of $0.66. MarketAxess’s dividend payout ratio is currently 41.36%.

MarketAxess Company Profile (Get Rating)

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. It offers the access to liquidity in the U.S. investment-grade bonds, U.S. high-yield bonds, and U.S. Treasuries, as well as municipal bonds, emerging market debts, Eurobonds, and other fixed income securities.

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Earnings History and Estimates for MarketAxess (NASDAQ:MKTX)

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