MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC raised its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 28,547.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,178 shares of the financial services provider’s stock after purchasing an additional 13,132 shares during the quarter. International Assets Investment Management LLC’s holdings in MarketAxess were worth $3,859,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its stake in shares of MarketAxess by 19.8% in the third quarter. Bank of New York Mellon Corp now owns 418,104 shares of the financial services provider’s stock worth $89,324,000 after buying an additional 69,165 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of MarketAxess by 7.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,456 shares of the financial services provider’s stock worth $3,088,000 after purchasing an additional 954 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of MarketAxess by 2.3% during the third quarter. Mackenzie Financial Corp now owns 2,851 shares of the financial services provider’s stock worth $584,000 after purchasing an additional 65 shares during the last quarter. IFM Investors Pty Ltd grew its stake in MarketAxess by 7.8% in the third quarter. IFM Investors Pty Ltd now owns 6,901 shares of the financial services provider’s stock worth $1,474,000 after purchasing an additional 500 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in MarketAxess during the third quarter valued at approximately $1,127,000. 99.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at MarketAxess

In other MarketAxess news, CRO Kevin M. Mcpherson sold 2,000 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $221.26, for a total transaction of $442,520.00. Following the sale, the executive now directly owns 70,092 shares in the company, 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. 2.66% of the stock is currently owned by insiders.

Analyst Ratings Changes

MKTX has been the subject of several research reports. Bank of America began coverage on MarketAxess in a research report on Wednesday, April 10th. They issued an “underperform” rating and a $199.00 target price for the company. Morgan Stanley boosted their target price on shares of MarketAxess from $278.00 to $279.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Rosenblatt Securities reduced their price target on shares of MarketAxess from $229.00 to $210.00 and set a “sell” rating on the stock in a research report on Thursday, February 1st. The Goldman Sachs Group decreased their price target on shares of MarketAxess from $263.00 to $225.00 and set a “neutral” rating for the company in a report on Thursday, February 1st. Finally, UBS Group dropped their price objective on shares of MarketAxess from $305.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $249.73.

MarketAxess Trading Up 1.3 %

MKTX opened at $204.82 on Friday. MarketAxess Holdings Inc. has a twelve month low of $198.01 and a twelve month high of $303.85. The stock has a market cap of $7.70 billion, a PE ratio of 29.90, a price-to-earnings-growth ratio of 4.26 and a beta of 0.98. The business’s 50 day moving average is $212.86 and its 200-day moving average is $234.52.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings results on Tuesday, May 7th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.07. MarketAxess had a return on equity of 21.76% and a net margin of 34.29%. The company had revenue of $210.30 million during the quarter, compared to analyst estimates of $212.99 million. During the same quarter in the previous year, the firm posted $1.96 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, analysts forecast that MarketAxess Holdings Inc. will post 7.28 EPS for the current year.

MarketAxess Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd will be issued a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 1.45%. The ex-dividend date is Tuesday, May 21st. MarketAxess’s payout ratio is currently 43.21%.

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.