Research Analysts Offer Predictions for MarketAxess Holdings Inc.’s FY2022 Earnings (NASDAQ:MKTX)

MarketAxess Holdings Inc. (NASDAQ:MKTX – Get Rating) – Analysts at Jefferies Financial Group decreased their FY2022 earnings per share estimates for shares of MarketAxess in a research report issued on Thursday, April 21st. Jefferies Financial Group analyst D. Fannon now expects that the financial services provider will earn $7.00 per share for the year, down from their previous forecast of $7.20. Jefferies Financial Group also issued estimates for MarketAxess’ Q4 2022 earnings at $1.74 EPS, Q3 2023 earnings at $1.96 EPS, Q4 2023 earnings at $2.02 EPS and FY2023 earnings at $8.25 EPS.

MarketAxess (NASDAQ:MKTX – Get Rating) last announced its quarterly earnings results on Wednesday, April 20th. The financial services provider reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.02. The company had revenue of $186.10 million during the quarter, compared to analysts’ expectations of $186.34 million. MarketAxess had a return on equity of 25.12% and a net margin of 36.90%. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.11 earnings per share.

Several other research analysts also recently commented on the stock. Credit Suisse Group dropped their target price on shares of MarketAxess from $412.00 to $372.00 and set a “neutral” rating on the stock in a report on Wednesday, April 6th. Rosenblatt Securities boosted their price objective on MarketAxess from $383.00 to $395.00 and gave the stock a “buy” rating in a research report on Thursday. StockNews.com assumed coverage on MarketAxess in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Compass Point raised MarketAxess from a “sell” rating to a “neutral” rating and set a $275.00 price target on the stock in a research report on Thursday. Finally, Raymond James cut MarketAxess from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $374.89.

MKTX opened at $272.88 on Friday. The business has a 50 day moving average price of $337.60 and a 200 day moving average price of $368.23. The firm has a market cap of $10.32 billion, a P/E ratio of 40.31 and a beta of 0.41. MarketAxess has a twelve month low of $256.26 and a twelve month high of $514.61.

A number of institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC bought a new position in shares of MarketAxess during the 4th quarter worth about $450,263,000. Allianz Asset Management GmbH grew its stake in shares of MarketAxess by 1,491.0% in the 3rd quarter. Allianz Asset Management GmbH now owns 394,480 shares of the financial services provider’s stock valued at $165,954,000 after purchasing an additional 369,685 shares during the period. Norges Bank acquired a new position in shares of MarketAxess in the 4th quarter worth approximately $140,595,000. Marathon Asset Mgmt Ltd bought a new position in shares of MarketAxess during the 3rd quarter worth approximately $59,651,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of MarketAxess by 66.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 232,017 shares of the financial services provider’s stock worth $95,423,000 after buying an additional 92,362 shares during the period. 98.19% of the stock is currently owned by hedge funds and other institutional investors.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 18th. Investors of record on Wednesday, May 4th will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, May 3rd. This represents a $2.80 annualized dividend and a yield of 1.03%. MarketAxess’s dividend payout ratio (DPR) is currently 41.36%.

About MarketAxess (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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