MarketAxess Holdings Inc. (NASDAQ:MKTX) Receives Consensus Rating of “Hold” from Analysts

MarketAxess Holdings Inc. (NASDAQ:MKTX) has been given a consensus rating of “Hold” by the ten ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $272.27.

A number of research analysts recently weighed in on MKTX shares. Rosenblatt Securities dropped their price target on MarketAxess from $206.00 to $203.00 and set a “sell” rating on the stock in a research note on Thursday, October 26th. UBS Group began coverage on shares of MarketAxess in a report on Friday, October 6th. They set a “buy” rating and a $285.00 price objective for the company. Citigroup dropped their target price on MarketAxess from $330.00 to $270.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. Deutsche Bank Aktiengesellschaft dropped their price objective on MarketAxess from $254.00 to $242.00 and set a “hold” rating on the stock in a research note on Wednesday, October 11th. Finally, The Goldman Sachs Group reduced their target price on shares of MarketAxess from $250.00 to $223.00 and set a “neutral” rating for the company in a research note on Tuesday, October 3rd.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Pictet Asset Management SA lifted its holdings in MarketAxess by 92.8% in the first quarter. Pictet Asset Management SA now owns 36,946 shares of the financial services provider’s stock worth $14,457,000 after buying an additional 17,780 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of MarketAxess by 89.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,567 shares of the financial services provider’s stock valued at $5,700,000 after purchasing an additional 6,894 shares in the last quarter. Congress Wealth Management LLC DE grew its stake in MarketAxess by 4.0% in the second quarter. Congress Wealth Management LLC DE now owns 4,539 shares of the financial services provider’s stock worth $1,187,000 after purchasing an additional 173 shares during the period. Parkside Financial Bank & Trust raised its holdings in MarketAxess by 62.5% in the first quarter. Parkside Financial Bank & Trust now owns 117 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 45 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its position in MarketAxess by 3.1% during the second quarter. Yousif Capital Management LLC now owns 5,297 shares of the financial services provider’s stock valued at $1,385,000 after buying an additional 160 shares during the period. Hedge funds and other institutional investors own 99.01% of the company’s stock.

MarketAxess Stock Performance

MKTX opened at $226.70 on Friday. MarketAxess has a fifty-two week low of $200.01 and a fifty-two week high of $399.78. The stock has a fifty day moving average of $223.34 and a 200-day moving average of $250.65. The company has a market capitalization of $8.59 billion, a P/E ratio of 34.40, a P/E/G ratio of 4.32 and a beta of 0.91.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.46. MarketAxess had a return on equity of 21.86% and a net margin of 33.78%. The company had revenue of $172.30 million during the quarter, compared to the consensus estimate of $172.32 million. During the same quarter in the prior year, the firm posted $1.58 earnings per share. The firm’s revenue was up .1% compared to the same quarter last year. On average, equities research analysts predict that MarketAxess will post 6.66 earnings per share for the current fiscal year.

MarketAxess Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th will be issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Tuesday, November 7th. MarketAxess’s dividend payout ratio is currently 43.70%.

About MarketAxess

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.