MarketAxess Holdings Inc. (NASDAQ:MKTX) Position Boosted by Truist Financial Corp

Truist Financial Corp increased its position in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,293 shares of the financial services provider’s stock after acquiring an additional 438 shares during the quarter. Truist Financial Corp’s holdings in MarketAxess were worth $3,014,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MKTX. Gladius Capital Management LP grew its holdings in MarketAxess by 39.6% in the 3rd quarter. Gladius Capital Management LP now owns 134 shares of the financial services provider’s stock valued at $29,000 after buying an additional 38 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in shares of MarketAxess by 47.3% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 134 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 43 shares during the period. Fifth Third Bancorp lifted its stake in shares of MarketAxess by 1.4% in the fourth quarter. Fifth Third Bancorp now owns 3,618 shares of the financial services provider’s stock valued at $1,060,000 after buying an additional 50 shares during the period. Precision Wealth Strategies LLC raised its holdings in MarketAxess by 4.7% in the 3rd quarter. Precision Wealth Strategies LLC now owns 1,167 shares of the financial services provider’s stock valued at $249,000 after acquiring an additional 52 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of MarketAxess by 1.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,341 shares of the financial services provider’s stock worth $714,000 after acquiring an additional 52 shares during the period. 99.01% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CRO Kevin M. Mcpherson sold 2,000 shares of MarketAxess stock in a transaction on Friday, February 16th. The stock was sold at an average price of $221.26, for a total value of $442,520.00. Following the completion of the sale, the executive now directly owns 70,092 shares of the company’s stock, valued at approximately $15,508,555.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.66% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on MKTX shares. Bank of America began coverage on MarketAxess in a research note on Wednesday, April 10th. They issued an “underperform” rating and a $199.00 target price for the company. Piper Sandler lowered their price objective on MarketAxess from $250.00 to $237.00 and set a “neutral” rating on the stock in a research note on Friday, April 12th. William Blair reiterated an “outperform” rating on shares of MarketAxess in a research report on Tuesday, January 23rd. The Goldman Sachs Group cut their price objective on MarketAxess from $263.00 to $225.00 and set a “neutral” rating for the company in a report on Thursday, February 1st. Finally, Barclays dropped their target price on shares of MarketAxess from $239.00 to $236.00 and set an “equal weight” rating for the company in a research report on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, MarketAxess presently has an average rating of “Hold” and a consensus target price of $252.80.

MarketAxess Trading Down 2.4 %

Shares of MKTX stock opened at $200.89 on Wednesday. MarketAxess Holdings Inc. has a 1 year low of $198.01 and a 1 year high of $303.85. The firm’s 50 day moving average is $213.24 and its 200-day moving average is $234.96. The firm has a market capitalization of $7.55 billion, a price-to-earnings ratio of 29.33, a PEG ratio of 4.26 and a beta of 0.98.

MarketAxess Profile

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.