MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Sold by Achmea Investment Management B.V.

Achmea Investment Management B.V. decreased its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTXGet Rating) by 6.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,556 shares of the financial services provider’s stock after selling 237 shares during the period. Achmea Investment Management B.V.’s holdings in MarketAxess were worth $792,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Quantum Private Wealth LLC lifted its position in shares of MarketAxess by 4.9% during the first quarter. Quantum Private Wealth LLC now owns 791 shares of the financial services provider’s stock worth $269,000 after purchasing an additional 37 shares during the last quarter. Zions Bancorporation N.A. lifted its position in shares of MarketAxess by 3.6% during the second quarter. Zions Bancorporation N.A. now owns 1,208 shares of the financial services provider’s stock worth $309,000 after purchasing an additional 42 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of MarketAxess by 3.5% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,497 shares of the financial services provider’s stock worth $383,000 after purchasing an additional 50 shares during the last quarter. Texas Permanent School Fund lifted its position in shares of MarketAxess by 1.1% during the second quarter. Texas Permanent School Fund now owns 4,984 shares of the financial services provider’s stock worth $1,276,000 after purchasing an additional 52 shares during the last quarter. Finally, Wealthfront Advisers LLC lifted its position in shares of MarketAxess by 4.2% during the second quarter. Wealthfront Advisers LLC now owns 1,497 shares of the financial services provider’s stock worth $383,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 96.78% of the company’s stock.

MarketAxess Trading Up 5.3 %

MKTX opened at $314.00 on Monday. The business’s 50 day moving average is $269.39 and its 200-day moving average is $258.82. The stock has a market cap of $11.82 billion, a PE ratio of 48.76 and a beta of 0.64. MarketAxess Holdings Inc. has a twelve month low of $217.44 and a twelve month high of $390.13.

MarketAxess (NASDAQ:MKTXGet Rating) last released its quarterly earnings results on Wednesday, October 19th. The financial services provider reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.09. MarketAxess had a return on equity of 23.89% and a net margin of 34.47%. The company had revenue of $172.10 million for the quarter, compared to analysts’ expectations of $172.41 million. During the same quarter in the previous year, the company posted $1.52 earnings per share. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, analysts forecast that MarketAxess Holdings Inc. will post 6.59 EPS for the current year.

MarketAxess Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 16th. Stockholders of record on Wednesday, November 2nd were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Tuesday, November 1st. MarketAxess’s dividend payout ratio is presently 43.48%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MKTX. Morgan Stanley reduced their price target on shares of MarketAxess from $289.00 to $274.00 and set an “equal weight” rating on the stock in a research report on Friday, October 21st. StockNews.com initiated coverage on shares of MarketAxess in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Piper Sandler cut their target price on shares of MarketAxess from $285.00 to $270.00 and set a “neutral” rating on the stock in a report on Wednesday, October 5th. Credit Suisse Group raised their target price on shares of MarketAxess from $284.00 to $294.00 and gave the stock a “neutral” rating in a report on Wednesday, December 7th. Finally, Rosenblatt Securities raised their target price on shares of MarketAxess from $213.00 to $214.00 and gave the stock a “sell” rating in a report on Thursday, October 20th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, MarketAxess presently has an average rating of “Hold” and a consensus target price of $271.33.

MarketAxess Profile

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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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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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